Fintech News

BharatPe’s strategy of focusing on lending appears to be paying off, with the company achieving threefold revenue growth while significantly reducing losses.

According to at least two people in the know, Cred’s move towards vehicle management is also aimed at providing a strong car insurance distribution platform for its financial partners, as the fintech looks to open newer revenue streams.

Aye said Gupta has served as the MD and CEO of PNB Housing Finance, while Bhal is the Modi Chair Professor at the Department of Management Studies at IIT Delhi.

While major Indian festivities are lined up in the coming months, e-commerce platforms, payment and BNPL FinTechs are geared up for the festive season with new offers and rewards. A recent survey highlighted that consumers in tier 1 & 2 cities prefer to shop online this festive period while majority are willing to increase their …

Amazon Pay gears up with festive offers via its UPI, cobranded cards & Pay Later channels Read More »

Moondhra joined PayU as its global CFO in September 2015.

Premanshu Singh has also had previous stints at Paytm Insurance and Fampay, a fintech platform targeted at teenagers, where he held a leadership role. He will among the most senior hires at the yet-to-be-named venture which is backed by Flipkart.

Chase has become the latest lender in the UK to restrict customers’ access to crypto amid long-running concerns over its use in online scams run by criminals

Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network’s cloud service provider was “attacked by hackers, resulting in the loss of some assets” and that “the funds involved are approximately US$200 million”.

From UPI 123Pay to UPI-PayNow linkage, new developments in UPI are redefining the payment infrastructure and transforming the digital payment space. A recent report by Worldline highlighted the increase in micro payments using UPI, instead of traditional cash and how the country is moving towards a ‘less-cash’ society.

According to the report from consulting firm FSG, the funding slump will continue into FY24 before springing back in FY25 and startups will continue focusing on profitability to tide over the next financial year.