With this license, Easebuzz now joins a select group of approved payment aggregators in India, who are authorised to facilitate digital transactions for merchants under the regulatory framework set by the Reserve Bank of India.
With 16 years of experience at organisations such as Treebo Hotels, Cisco, and Yahoo, Khilan joined Razorpay as senior director and later led key fintech innovations, expanding online and offline payment solutions.
Rupeeflo raised $1 million in pre-seed funding to simplify banking and investing for NRIs. The platform offers seamless digital access to NRE/NRO accounts, stocks, and mutual funds, starting with the US and UK.
Paytm partners with digital travel platform Agoda to offer hotel booking services on the Paytm app. This collaboration enhances Paytm Travel’s offerings, including flights, buses, and trains, with access to Agoda’s accommodations and exclusive deals, ensuring convenience and affordability for travelers.
Zaggle Prepaid Ocean Services reported a 29.6% rise in consolidated profit after tax to Rs 19.7 crore for the October-December quarter, compared to Rs 15.2 crore in the same period last year. Revenue from operations surged 68.8% year-on-year, reaching Rs 336.8 crore in Q3 FY25.
Scamsters typically transfer small payments in the initial stages of the scam and display investment portfolio on spurious apps. These transactions can happen through Unified Payments Interface (UPI) as there is a limit of Rs 1 lakh per day. However, when the victims try to book their so-called profits, the criminals demand more money multiple …
Greed, fear & ignorance drive victims of digital scams, says NPCI top offical Read More »
FinTech major PhonePe cited competing priorities as a challenge in scaling the number of financial information providers (FIPs) on its platform as desired. The company said that it has already begun winding down its AA operations and will soon reach out to its user base to inform them of the decision.
Global fintechs saw a rise in funding, the highest it has been in 7 months, with the majority of the funds coming from Lendo, a P2P lender based out of Saudi Arabia, who raised around USD 690 million during the first month of 2025, as per data by 1Lattice.
Indian FinTechs started CY2025 at a modest tone raising a total of USD 100.38 million, across twelve deals. The capital raise is a contrast to the FinTech Funding in December 2024 that revived to USD 425.4 million, and January 2024’s data at USD 438 million.
Fintech firms like BharatPe and Paytm face increasing competition from banks such as HDFC, ICICI, Axis, and State Bank of India, which are launching merchant-focused platforms. Banks aim to regain market share by offering payments, loans, and banking services with higher compliance.
