Paytm has appointed former Sebi whole time member Rajeev Krishnamuralilal Agarwal to the board as non-executive independent director as Neeraj Arora had resigned citing “personal commitments”.
Delivering a special address at ETBFSI FinNext Summit 2024, Joshi said rapid expansion by FinTechs can be risky; a controlled pace ensures effective performance tracking and proper controls.
The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages, though there are other suitors for the business, the people said, declining to be named as the matter is private. Talks are ongoing and no final decision has been made, the people said.
At ETBFSI FinNext Summit 2024, fintech captains underscored a pivotal shift in the industry, where sustainable growth and long-term success are increasingly dependent on creating real value before seeking high valuations.
At ETBFSI FinNext Summit 2024, Fintech honchos were clear: Achieving scale requires strategic clarity, a commitment to long-term growth, and a focus on operational efficiency.
Facing an uncertain future in the wake of RBI’s decision to put an end to Paytm Payments Bank and the wallet business, scores of employees are being asked to “voluntarily resign” without being given any prior notice, several have been denied severance pay and many are being asked to pay back their joining and retention …
Credit Saison India, under the leadership of Presha Paragash, is leveraging India’s unique data infrastructure to expand its loan offerings. With a focus on partnerships, new products like loan against property, and expansion into tier III and IV cities, the company is poised for further growth and success in the Indian market.
After receiving in-principle approval last year, Jupiter gets final authorisation from RBI for PPI issuance, allowing users to transfer up to INR 2 lakhs in the account.
The joint solution offered by Bureau and M2P Fintech addresses the challenges faced by financial institutions, including the enhancement of customer experience in cardless transactions and the seamless adaptation to regulatory changes.
Paytm’s founder Vijay Shekhar Sharma is reaching out to former executives like Renu Satti and Kiran Vasireddy to rejuvenate the company, amidst challenges like loss of UPI market share and decline in share price following regulatory restrictions by the RBI, as per Moneycontrol.
