Zerodha loses No.1 stock broker status to Groww
The latest data from NSE’s active client base shows that the number of users on Groww rose to 66.3 lakh in September while Zerodha’s client list was at 64.2 lakh.
Fintech News
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‘Fintechs need customers willing to pay, that’s the real challenge’
Takis Georgakopoulos, the global head of payments at JPMorgan, has emphasised that while India has a multitude of fintech companies, they should strive to enhance their operations’ profitability by moving up the value chain. In an interview with Rozebud Gonsalves, he also discusses the potentially uneven path toward central bank digital currencies (CBDCs). Below are …
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SanKash to disburse Rs 100 cr in 6-9 months at 0% interest to travel agents
Travel agents can avail up to Rs 50 lakh with no collaterals, security, or guarantors to qualify for the no-cost working capital programme, SanKash said while announcing the launch of ‘A no-cost Working Capital program’ service.
OmniCard collaborates with ONDC as the first fintech to issue corporate gift cards
OmniCard has become the first FinTech company to issue exclusive ONDC Corporate Gift Cards. ONDC is a non-profit organization established by the Indian government to promote open e-commerce. The collaboration between OmniCard and ONDC aims to create more accessible and secure digital commerce experiences. The gift cards can be used on various ONDC Buyer Apps, …
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FinTech funding witnesses sudden uptick in September, total $264 mln raised
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has seen a rise in the last 4-5 months and there was a significant uptick in the amount raised in …
FinTech funding witnesses sudden uptick in September, total $264 mln raised Read More »
Razorpay leans on existing customers on signup freeze
On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large transaction volumes to avoid failures by rerouting them in real time.
Jupiter enables RuPay credit card payments through UPI
Indian fintech startup Jupiter is now allowing customers to link their RuPay credit cards to the Unified Payments Interface (UPI). The company believes that its customers will be able to use their RuPay credit cards for instant payments on the app, and it is offering multiple UPI payment methods, including scan and pay at offline …
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Prosus-owned PayU targets India IPO filing in February, hires bankers
PayU has appointed Goldman Sachs, Morgan Stanley and Bank of America as advisors for the IPO, which it plans to list by the end of 2024. It also plans to hire at least one Indian investment bank for the deal.
Paytm first to enable merchants with alternate ID-based checkout solution
Paytm Payments Services Limited, a subsidiary of One97 Communications, has become the first in the industry to offer an alternate ID-based guest checkout solution for merchants. This solution allows customers to make purchases without saving their card details on the merchant’s website, making the process faster and more secure. Paytm has integrated with card networks …
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Urban Money aims to facilitate Rs 30,000 crore home loan disbursement in FY24
Facilitating a home loan mortgage transaction involves navigating complex valuation decisions, extensive documentation, and stringent regulations, besides having deep expertise in the real estate value chain, the company said in a statement.