Fintech News

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Paytm parent’s staff costs rise 21% in a challenging year

Paytm’s employee costs rose significantly in FY24, despite regulatory challenges and business slowdown. The company increased the remuneration of its CFO, Madhur Deora, by 15%, while the founder and CEO, Vijay Shekhar Sharma, did not receive a raise. Paytm has also faced several executive departures and is focused on reducing employee expenses and improving its …

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NBBL integrates NPS on Bharat Connect platform

In a move to simplify and digitize National Pension System (NPS) contributions, NPCI Bharat BillPay Ltd (NBBL) has collaborated with PFRDA to bring NPS onto the Bharat Connect platform. This integration allows users to seamlessly invest in their NPS accounts through popular digital payment apps and banking channels.

UPI clocks 500 mln daily transactions, crosses 15 bln volume mark in Sept’24

Unified Payments Interface (UPI) which had crossed the 11 billion mark in October with 11.41 billion transactions, 12 billion mark in December with 12.02 billion transactions, 13 billion mark in March 2024 recording 13.44 billion transactions and 14 billion mark in May with 14.04 billion transactions, has witnessed a modest increase in September, crossing the …

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