Fintech News

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.

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, …

OmniCard collaborates with ONDC as the first fintech to issue corporate gift cards Read More »

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 »

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.

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 …

Jupiter enables RuPay credit card payments through UPI Read More »

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 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 …

Paytm first to enable merchants with alternate ID-based checkout solution Read More »

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.

Leverages both technology backed by AI and human engagement to reduce bounce rates and increase collection efficiency.

MobiKwik, set to go public, has achieved a second consecutive quarter of positive after-tax profits. The fintech company recorded a net profit of Rs 5 crore in the quarter ending September. It reported a 52% year-on-year growth in revenues, reaching Rs 208 crore in Q2.