Fintech News

Digital payments company PayU is looking to expand its consumer fintech offerings through LazyPay, while maintaining its core focus on merchant payments. The Naspers-owned fintech firm plans to leverage LazyPay to develop a consumer payments and credit platform. CEO Anirban Mukherjee said PayU is anticipating regulations on allowing nonbank lenders on Unified Payments Interface (UPI) …

PayU eyes full-stack consumer payments through its LazyPay Read More »

The government has recognised 1,40,803 entities as startups (as of June 30). More than 55 regulatory reforms have been undertaken by the government since 2016 to enhance ease of doing business, ease of raising capital and reduce compliance burden for the startup ecosystem.

Unified Payments Interface (UPI) which had crossed the 11 billion mark in October with 11.41 billion transactions, 12 billion mark in December with 12.02 billion transactions, 13 billion mark in March 2024 recording 13.44 billion transactions and 14 billion mark in May with 14.04 billion transactions, has witnessed a modest increase in August, clocking a …

UPI transactions witnesses 3% rise clocking record high of 14.96 bln transactions in Aug’24 Read More »

Two out of three loans in this sector are financed by Bajaj Finance. So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the …

Here’s why Vinit Bolinjkar is bullish on Paytm Read More »

​​In the first quarter of FY 2025, only 1.01 lakh individuals opted for housing loans, a drop from 1.5 lakh borrowers recorded during the same period in FY 2024.

The Reserve Bank of India has launched a feature enabling customers to deposit cash at ATMs using Unified Payments Interface (UPI) instead of physical debit cards. This UPI Interoperable Cash Deposit service, launched at the Global Fintech Fest 2024, aims to streamline cash deposits and enhance banking convenience.

Designed from a futuristic perspective, the revolving short term loans aim to address the financing needs of small businesses and significantly cut short the credit turnaround time.

India’s UPI has outpaced top global digital payment platforms, processing nearly Rs 81 lakh crore transactions from April to July, marking a 37 per cent year-on-year growth. With 3,729.1 transactions per second, UPI topped Alipay, PayPal, and PIX. July achieved the highest monthly transaction value of Rs 20.6 lakh crore, sustaining above Rs 20 lakh …

UPI processed Rs 81 lakh crore worth transactions in April-July, up 37 per cent YoY Read More »

SBI Chairman CS Setty, at the fifth Global FinTech Fest 2024, spoke on the bank’s five-year digital transformation roadmap, focussing on YONO 2.0’s enhanced tech resilience and cybersecurity. He discussed new customer-focused offerings, fintech collaborations, and the expanding role of AI and GenAI in the bank’s future strategy.

Mumbai (Maharashtra) [India], PayU, one of India’s leading financial services providers, introduced its new solutions on Subscription Multiplier with cross border support and Cross-Border Issuer Authentication Solution – at the Global Fintech Festival 2024 (GFF). These innovative solutions aim to streamline and secure international transactions, offering merchants, issuers, and consumers seamless payment experiences across global …

PayU Pioneers the Future of Global Payments with Next-Gen Subscription Multiplier and Cross-Border Issuer Authentication Solutions Read More »