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A report by BCG & QED Investors highlighted that the embedded finance market is expected to have a robust growth reaching approximately USD 320 billion in revenues by 2030, and it will be mainly led by payments, lending and insurance.
The RBI has highlighted concerns over consumer loans, noting that over half of borrowers have three or more loans simultaneously. The Financial Stability Report flags high delinquency rates, especially among personal loans under ₹50,000 and loans from fintech lenders. Despite overall improvements in credit quality, stress in retail loans remains significant, particularly for private sector …
Fintech lenders have high delinquency levels in small value loans says RBI Read More »
LazyPay partners with Blinkit for seamless checkout, expanding its portfolio. PayU’s revenue grows in India, driven by the credit business despite regulatory challenges. India remains a key market for digital payments, with significant growth projected in digital credit transactions.
Groww faces ‘fraud’ allegation: A customer’s complaint against Groww, has sparked concerns over investment safety via execution-only platforms (EOPs). The investor alleged via social media that investments made through Groww could not be withdrawn despite the app showing them as invested. Groww responded, asserting no deduction occurred and the mutual fund transaction did not take …
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
The super.money app, backed by e-commerce platform Flipkart, aims to democratise access to financial services by leveraging Unified Payments Interface (UPI) infrastructure, its Founder and CEO Prakash Sikaria said on Thursday.
India has recently introduced new notifications to clarify KYC and co-lending standards for fintechs. Similarly, the consumer financial protection bureau in the US is preparing to develop guidelines under Section 1033 of the Dodd-Frank Act, which aims to empower customers by giving them control over their financial data and the right to access and share …
Monthly instant payments jump 4x in 3 years: Study Read More »
The payment aggregator license enables Hitachi Payment Services to expand its digital solutions and services, offering a suite of innovative and merchant-friendly payment options including UPI, Netbanking, Cards, and Wallets, along with value-added services such as EMI, Paylater, Buy Now Pay Later (BNPL), Link-Based Payments, and loyalty solutions for merchants.
A report by BCG and QED Investors revealed that it expects a FinTech market size of about USD 1.5 trillion in revenue by the year 2030. The report further highlighted that fintech revenues are thriving, there is no capital shortage in the fintech sector and that public fintechs are moving towards profitable growth even though …
$1.5 trln FinTech market size expected by 2030: Report Read More »
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
