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“The excellent conversations and discussions show the potential for growth and innovation that occurs when SFBs and Payments Banks come together,” said Rajeeth Pillai, Chief Relationship Management, NPCI
Paytm shares surged over 4% to reach a 52-week high of Rs 939 on Monday after announcing the launch of an automatic top-up feature for its UPI LITE service. This feature enables PIN-less transactions for payments under Rs 500. Currently available to select Yes Bank and Axis Bank users, it automatically recharges the UPI LITE …
Fintech company Lendingkart has reported almost 6 per cent drop in profit after tax (PAT) at Rs 174.92 crore in FY24 from Rs 185.93 crore in FY23.
The round will see the Pune-based fintech get valued at around $1.1 billion, slightly lower than its 2022 valuation of $1.4 billion. Till date, One Card has raised $234 million from multiple large investors with Z47, Peak XV Partners and QED Investors having significant shareholding in the company.
The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank of India (RBI) report.
The system eliminates manual processes and reduces errors. Bharat Connect for Business improves efficiency, cash flow, and security for businesses of all sizes.
Binny Bansal has left PhonePe’s board. He previously left Flipkart’s board. PhonePe appointed a new director, Manish Sabharwal. PhonePe separated from Flipkart. The company is preparing for an IPO. PhonePe leads India’s digital payments market.
UPI guidelines for UPI 123Pay features: UPI 123Pay is a Suite of solutions developed for Non Smart phone, feature phone users to use the UPI without internet connectivity. There are no charges for transactions under UPI 123PAY.
CredFlow will use the capital to scale up its financial services and lending verticals, and to improve its technology and innovation capabilities, it said.
Bernstein raises Paytm target price to Rs 1,000, maintaining ‘Outperform’ rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%.
