Category Added in a WPeMatico Campaign
Through its partnership with Piramal Finance, MobiKwik users across India will now have the ability to apply for and easily access personal loans through the platform. The loan amounts for ZIP EMI will range from Rs 50,000 to 2 lakh. ZIP EMI is a personal loan service provided by the fintech firm.
Amazon is set to acquire Indian BNPL startup Axio, formerly Capital Float, pending regulatory approval. With a six-year partnership and over 10 million customers served, the Bengaluru-based FinTech has raised USD 232 million to date, as per tracxn.
Nithin Kamath, Zerodha co-founder, warns users of a new scam that drains bank accounts. Scammers use emergency call requests on strangers’ phones to intercept OTPs, download bank details, and make unauthorized transactions. To stay safe, do not hand over your phone to strangers. Offer to dial the number yourself and put the call on speaker.
NPCI International has partnered with Magnati to expand UPI acceptance in the UAE. This collaboration allows over 12 million Indians traveling to Dubai and the UAE each year to access seamless payment options.
The draft Digital Private Data Protection (DPDP) rules are set to create a major compliance burden for tech startups, already reeling under a funding winter and narrowing business margins. Industry executives pointed out that a window of 48 hours for any platform to erase an inactive customer’s data is too short a duration and might …
Fintechs see a minefield of costs, regulatory issues as DPDP looms Read More »
Singapore led the funding activity in 2024, with FinTech companies based there raising $955 million. Jakarta and Bangkok followed, with $242 million and $198 million raised, respectively.
In value terms, however, these new-age fintech lending startups had a share of only 12% of the total amount disbursed. Banks had the largest share at 61% and NBFCs, 27%.
The Directorate General of GST Intelligence conducted a search at a subsidiary of PB Fintech Limited, known for brands like Policybazaar, on January 13, 2025. The company stated that its operations remain unaffected and pledged full cooperation with authorities.
Walmart-backed PhonePe is poised to enter the quick commerce market, driven by growth prospects in the red-hot sector and its impending public listing, marking its third foray into online retail. After exiting the government-backed Open Network for Digital Commerce (ONDC) last year, PhonePe’s ecommerce venture, Pincode, has fully pivoted to the quick model.
FinTech NBFCs dominate personal loan volumes at 76 per cent but account for only 12 per cent of the sanction value as of H1 FY25. Banks retain 61 per cent of the transaction value, and traditional NBFCs contribute significantly. FinTech NBFC borrowers are predominantly young and from urban areas. Interestingly, ticket sizes of female borrowers …
FinTech loans account for 76% of sanction volume, 12% in value for H1FY25: FACE Read More »
