At ETBFSI FinNext Summit 2024, fintech captains underscored a pivotal shift in the industry, where sustainable growth and long-term success are increasingly dependent on creating real value before seeking high valuations.
Credit Saison India, under the leadership of Presha Paragash, is leveraging India’s unique data infrastructure to expand its loan offerings. With a focus on partnerships, new products like loan against property, and expansion into tier III and IV cities, the company is poised for further growth and success in the Indian market.
Facing an uncertain future in the wake of RBI’s decision to put an end to Paytm Payments Bank and the wallet business, scores of employees are being asked to “voluntarily resign” without being given any prior notice, several have been denied severance pay and many are being asked to pay back their joining and retention …
After receiving in-principle approval last year, Jupiter gets final authorisation from RBI for PPI issuance, allowing users to transfer up to INR 2 lakhs in the account.
Neobanking startup Jupiter, backed by Tiger Global and Peak XV Partners, secures a prepaid payments instrument licence from the RBI to offer digital wallets for UPI payments, fund transfers, and bill payments.
The shift towards UPI-based credit cards on third-party apps like Google Pay and PhonePe poses a challenge for banks, raising concerns about customer retention and cross-selling. Fintech startup Fibe, led by Ashish Goyal, foresees a potential share struggle among top UPI apps.
Paytm’s founder Vijay Shekhar Sharma is reaching out to former executives like Renu Satti and Kiran Vasireddy to rejuvenate the company, amidst challenges like loss of UPI market share and decline in share price following regulatory restrictions by the RBI, as per Moneycontrol.
The joint solution offered by Bureau and M2P Fintech addresses the challenges faced by financial institutions, including the enhancement of customer experience in cardless transactions and the seamless adaptation to regulatory changes.
Zerodha’s founder & CEO Nithin Kamath has spoken of the market expansion following the Covid-19 pandemic, as evidenced, in his opinion, by the increasing assets under management at Zerodha.
In a move to streamline operations, Paytm plans to trim its non-core activities, such as cross-border business, and lay off employees.
