Razorpay, also based in Bengaluru, confirmed its transition to a public structure, relating to its efforts to re-domicile from the United States to India. According to a company spokesperson, the move begins the process of public company compliance well in advance of its anticipated IPO in about two years, ensuring timely adoption of governance protocols. …
‘Public Ltd’ tag: PhonePe, Razorpay closer to IPOs Read More »
The partnership allows MobiKwik users across India to access personal loans from INR 50,000 to INR 15,00,000 via ZIP EMI, with flexible repayment terms of 6 to 36 months for needs like education, medical, travel, and other expenses.
Two options under consideration include encouraging banks to voluntarily impose caps on API calls or authorising NPCI to block entities that overuse the infrastructure.
The National Payments Corporation of India (NPCI) is preparing a major overhaul of the Unified Payment Interface (UPI) online checkout experience, sparking concerns among smaller payment apps. Three people in the know told us that NPCI plans to let consumers store their UPI IDs at merchant checkpoints, similar to how debit and credit cards are …
NPCI planning to let users save UPI IDs at merchant checkouts Read More »
Angel One has announced its financial results for the fourth quarter (Q4) of FY25, reporting a sharp 49 per cent fall in net profit to Rs 174.5 crore, down from Rs 399.9 crore in the same quarter last year.
Digital Lenders Association of India (DLAI) has been rebranded as Unified FinTech Forum, that represents 120 members from FinTech ecosystem. Flexiloans’ Co-founder & CEO has been elected as the President and MobiKwik’s Co-founder Upasna Taku takes on the role of Vice-President of the executive committee.
PB Fintech shares will be in focus after its subsidiary PB Pay received RBI’s in-principle nod to operate as a payment aggregator. While this marks a key regulatory milestone, the stock trades above key short-term averages and shows bullish technical signals. Analysts maintain a ‘Hold’ rating with a 7% upside potential. The stock closed 5.8% …
PB Fintech shares in focus after RBI clears PB Pay as online payment aggregator Read More »
India aims to onboard millions to its Unified Payments Interface (UPI) and promote its global adoption. NPCI plans to add 200-300 million users by introducing delegated accounts and expanding features. While UPI’s popularity surges, discussions around reinstating transaction fees to ensure viability are ongoing, potentially impacting future growth.
Piyush Anchliya, former CFO of Bandhan AMC (formerly IDFC Asset Management Company), has been appointed Chief Financial Officer at Cashfree Payments. He joins as the company expands its operations with three RBI licenses—PA-PG, PA-CB, and PPI.
Fintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Backed by investors like GIC and Peak XV, Cred is focusing on profitability and may consider an IPO in two years amid improved revenue and reduced cash burn.
