Fintech News

The investor had announced the first close at Rs 30 crore in December last year, to back startups in the deeptech, climate-tech and business-to-business (B2B) segment.

Forecasts for the approval of a spot Bitcoin ETF have been increasing since the SEC declined to appeal an August court ruling that threw out its rejection of a plan by Grayscale to convert its Bitcoin trust to an ETF. Bitcoin is trading at levels that have not been seen since the crypto market meltdown …

Crypto asset funds see biggest weekly inflows since last July Read More »

With this new application launch, besides facilitating multi-mode payment, the POS device will simplify accounting, reconciliation, and Khaata. Some of the key segments the application will be pursuing are groceries, supermarkets, electronics, mobile, white goods, bakery, quick service restaurants, departmental stores, stationery and pharmacies, etc.

The Indian listed fintech wants to tap the broader omnichannel payments market opening up worldwide.

Despite its current stock market woes, analysts express optimism regarding Paytm’s future, characterising it as a growth story that has only just begun.

While Paytm saw its employee headcount expand by a whopping 3.5 times during the fiscal, PB Fintech, which runs the Policybazaar platform, saw a 32% year-on-year increase in employees. Mumbai-based FSN Ecommerce, which runs the Nykaa platform, saw a 15% year-on-year increase in its headcount, while CarTrade Tech’s workforce increased 44%.

The retail payment body which runs AePS wants banks to explicitly seek customer consent regarding this service at the time of account opening.

Over the last year, BharatPe has seen a top-level exodus in senior management with Nehul Malhotra, head of buy-now-pay-later product, PostPe; Vijay Aggarwal, chief technology officer; Rajat Jain, chief product officer for lending and consumer products, and Geetanshu Singla, vice president, technology, resigning from the startup.

The fintech lending industry continues its upward march with increasing disbursements, showing a promising future for the industry. With emerging digital lending companies in India, the country witnessed a growth of CAGR 39.5 percent over a span of 10 years.

The RBI authorisation will enable Zaakpay to onboard new merchants onto its platform which will facilitate quick and easy processing of online payments.