Fintech

The company is bullish on the Unified Payments Interface (UPI) along with card processing and EMI payments, viewing them as pivotal Jrivers for its business growth.

Users are now spending over Rs 22,000 monthly using this payment method, according to a report by the firm.

Google has invested $350 million in Flipkart as part of a funding round led by Walmart, increasing Flipkart’s valuation to over $35 billion.

On the suggestion of petitioners’ counsel, the court allowed Grover to travel to the USA from May 26 to June 12 and his wife Madhuri Jain Grover from June 12 to July 1.

Payment and financial services company Paytm on Friday said that it is bullish on Unified Payments Interface (UPI) alongside card processing and EMI payments to drive its payment services business.

For FY24, the company registered a 92% increase in PAT at Rs 44 crore as compared to Rs 23 crore in FY23 on a 40% rise in revenue from operations to Rs 776 crore as against Rs 553 crore.

A recent report on ‘Credit Cards on UPI’ reveals significant trends in the adoption of credit cards linked with UPI payments, highlighting a shift towards digital payment solutions among young adults and small merchants.

CashFlo has announced its acquisition of Logitax, GST and e-invoicing compliance provider, for an undisclosed amount. This strategic move aims to enhance CashFlo’s offerings and solidify its market leadership, it said.

FinTech unicorn Paytm reported record loss of Rs 550 crore for Q4FY24 as compared to Rs 167.5 crore in Q4FY23, mainly due to the regulator’s intervention and ban on its payments bank arm. Post this record loss, in a letter to the shareholders, Paytm CEO Vijay Shekhar Sharma hinted on job cuts, improving governance and …

Paytm CEO hints at layoffs as sales slide, losses mount Read More »

PAYTM-India’s Paytm reports wider Q4 loss on banking unit wind down