Getepay, a digital payment platform, has secured final authorisation from the RBI to operate as a Payment Aggregator online. Aiming to empower SMEs, particularly in Tier 2, Tier 3, and rural areas, Getepay plans to scale its operations and broaden its merchant offerings across India.
A slowdown in unsecured loan disbursals by banks and NBFCs has hit fintech firms like Paytm, MobiKwik, and Paisabazaar. These companies are shifting focus to secured lending and payments. Regulatory nudges and risk aversion have limited fintechs’ role in underwriting, affecting growth and revenue from financial services in FY25.
Mobikwik parent One MobiKwik Systems reported an operating revenue of Rs 265 crore, almost flat against the Rs 268 crore reported in the December quarter. MobiKwik’s business was impacted by a slowdown in its lending operations, which reduced its contribution margins to 30% from 37% and also slowed disbursals.
Niyo has introduced Niyo Express, a 24-hour doorstep delivery service for its international debit card, aimed at last-minute international travellers. Currently available in Bangalore, Delhi NCR, Mumbai, and Pune, the service offers swift card delivery, KYC verification, and account setup. A Niyo survey reveals that 39 per cent of international travellers make spontaneous travel plans, …
Niyo simplifies travel banking with express card delivery Read More »
PhonePe, backed by Walmart, is preparing for an IPO. The company’s revenue heavily depends on its payments business. Financial services contribute a small portion to its total income. Rivals like Paytm generate more revenue from financial services. PhonePe’s insurance business is growing. Its credit business is still in early stages. The company’s valuation and IPO …
PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-ready Read More »
Groww is set to acquire Fisdom in an all-cash deal valued between $140 million and $160 million, pending regulatory approval, to expand its wealth management offerings. Fisdom’s founders and team will remain, continuing to serve over a million customers. This acquisition occurs as Groww prepares for a $700 million IPO and a $250-300 million funding …
The fund, set up by former Twitter India head Manish Maheshwari, ex-Yahoo executive Aditya Mishra and Ravi Metta, will focus on sectors such as fintech and business-to-business (B2B) software-as-a-service (SaaS).
PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to ₹171 crore, driven by a 38% increase in revenue to ₹1,508 crore. Policybazaar’s core online business grew by 31%, contributing ₹877 crore. The company’s consolidated PAT for FY25 rose by 448% to ₹353 crore, accompanied by a 37% YoY rise …
Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a survey by the Small Industries Development Bank of India (SIDBI).
Financial technology firm Zaggle on Thursday said it has partnered with travel and expense solutions provider Mesh Payments to tap the global spend management market.
