The move is likely to affect at least 10% of the overall headcount and comes on the back of Paytm withdrawing from small-ticket consumer lending and the ‘buy now pay later’ segment, following a regulatory clampdown on unsecured loans by RBI. This will be among the steepest job cuts implemented by an Indian new-age tech …
Paytm fires over 1,000 across units amid cost-cutting Read More »
What was the funding scenario like for Indian fintechs in 2014 and how is it different from now, in 2023? How much money has been pumped in the FinTech sector over the last 10 years? ETBFSI gives you a compiled view of India’s fintech funding scene from 2014 to 2023, backed by exclusive data from …
How Indian fintech funding fared in last 10 years? Read More »
Retik Finance has captured the attention of crypto enthusiasts with its recent Presale Stage 2 sellout. In less than 9 days, the project managed to raise over $1,450,000, demonstrating its appeal to investors. One of the key drivers behind Retik Finance’s rapid presale success is its real-life application. But what lies behind this incredible success?
Revolut, which ranked as the UK’s most valuable start-up with around a $33 billion valuation in 2021, has applied for a UK banking licence but is still awaiting approval. The company had said in September it had received permission to delay filing its annual accounts for a second year running. The auditor’s report published on …
British fintech Revolut revenue jumps, profit tumbles in 2022 Read More »
As the city prepares to welcome thousands of guests for the consecration ceremony of Ram Temple next month, real-time unified payments interface (UPI)-based digital payments have made life super easy for local vendors from all walks of lives here. From boatmen on the banks of the Sarayu river to flower/prasad sellers at Hanuman Garhi, QR-code …
Digital payments see huge surge in Ayodhya as city prepares for Ram Temple Read More »
Backed by real money gaming firm Dream Sports, Rario’s operating revenue grew to Rs 39 crore in FY23, compared to Rs 1 crore a year earlier, according to filings made by the firm’s holding entity Digital Collectibles based in Singapore. Rario’s total expenses jumped over 12 times to reach Rs 599 crore in FY23.
UPI AutoPay is the recurring payment mandate run by the NPCI on the UPI payment mode. Consumers usually use the feature to pay for their entertainment, newspaper subscriptions and other small-value recurring payments.
As Indians increasingly embrace digital lending, a survey reveals a significant gap in understanding data privacy rules, with 60% expressing worries about personal data usage by loan apps.
The Reserve Bank has higher transaction limit for financial services like for AMC, Broking, Mutual Funds, collections (Credit card payments, Loan re-payments, EMI), Insurance etc. where the transaction limit is `2 lakh. Insurance policy purchases and premium collections surged by 150% in transaction volume and 140% in new customer adoption, underlining the role of digital …
UPI surges on broad-based usage and deeper penetration Read More »
UPI transactions hit a new record of Rs 17.4 lakh crore in November 2023, a 54% YoY increase in terms of the number of transactions and a 46% YoY increase in terms of value.
