Category Added in a WPeMatico Campaign
While FinTechs and startups today are chasing growth, numbers and profitability, latest and exclusive data by Tracxn revealed that only 6 out of 22 FinTech unicorns are profitable while few FinTech unicorns fell out of the profitability curve or achieved breakeven in FY23.
Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India (SEBI) wants to curb.
The rollout of UPI acceptance will cover retail stores, dining outlets, and prominent tourist and leisure attractions like Dubai Mall and Mall of the Emirates.
FINTECH-CRYPTO/ROBINHOOD-Robinhood considering offering crypto futures in US, Europe, Bloomberg reports
Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it …
Global firms buy PB Fintech stakes from early backers Read More »
Paytm Payments Bank Ltd faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.
FINTECH-Fintech company Revolut swings to $553 million profit
In comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04%. Among private players, Bandhan Bank has seen technical declines of over 1%.
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 slight decline and clocked 13.89 billion …
UPI transactions witness marginal dip in June, clocks 13.89 bln in volume Read More »
Uttar Pradesh is home to over 9 million MSME units. In 2017, the state had the sixth-largest economy in India, but today, it has become the second-largest economy in the country.
