BUSINESS
Top Navi executives Shobhit Agarwal and Apurv Anand quit to launch asset management company
The duo is planning to start the venture with a market regulator Sebi’s Portfolio Management Services (PMS) license targeting high-net-worth individuals and financial institutions
BUSINESS
Flipkart's super.money beats Cred to take 5th place; UPI daily transaction value crosses Rs 1 lakh crore for first time
PhonePe dominates UPI payments, with a 47.5% market share in volume in February. In value terms, its share is even higher at 51 percent
BUSINESS
8 of top 10 brokers see a drop in active investors in February as market gloom deepens
Among the top ten broking firms, only HDFC securities and Dhan saw a growth in active investors
BUSINESS
Fintechs explore charging merchants for UPI in talks with RBI
Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022
BUSINESS
Info Edge-backed NoPaperForms hires bankers for Rs 500-crore IPO
This will be the third startup from the Info Edge stable to go public. Info Edge, which holds a 48% stake in NoPaperForms, made early bets on Zomato and PB Fintech, which paid off well when the companies listed
BUSINESS
A year after Paytm Payments Bank ban, compliance and merchant focus spark recovery hopes
The company’s ubiquitous soundbox and lending platform under the direct selling agent model is expected to scale up rapidly. Most analysts believe that the worst is behind the fintech
BUSINESS
UPI Autopay soars to new heights blazing past card transactions in recurring payments
The share of cards in recurring payments went down from 42 percent in January 2024 to 31 percent this year
BUSINESS
Major brokers see active investor addition fall dramatically in Jan, Zerodha sees decline for second straight month
The top three brokers, Groww, Zerodha and Angel One, had investor bases of around 1.3 crore, 81 lakh and 78 lakh, respectively as of January
BUSINESS
Navi, super.money building on UPI gains, Cred's share stagnant since April 2024
Late last year, NPCI extended the implementation of its 30 percent market cap by two more years, as the newer players failed to make any material impact
BUSINESS
Fintechs see Rupay UPI credit card as the next growth engine
While the product is two years old, several fintech players are realising only now that this could be a profitable model to build a UPI payments business.
BUSINESS
Merchants left fuming after payment gateway firms try to work around Juspay
The most concerning aspect of recent events is that this goes against the open API and interoperability model of the Indian payments ecosystem
BUSINESS
Retail digital payments zoom 100x in 12 years, thanks to UPI
In 2024, UPI processed 172 billion transactions worth more than Rs 245 lakh crore and accounted for 83 percent of all digital transactions during the year, an RBI report has said
BUSINESS
Davos 2025: If partnerships erode brand, we will take a call that makes sense, says Razorpay’s Harshil Mathur on Juspay
Razorpay is trying to work with global payment players, including Stripe, JP Morgan Chase and others to see how it can collaborate to increase the cross-border penetration
BUSINESS
Davos 2025: India's stable policies and democracy will help attract investments under new Trump administration, says Raghuram Rajan
Every state must expand jobs wherever they can because that will give confidence to consumption, Rajan said
BUSINESS
MC Explainer: Why Razorpay, PhonePe & Cashfree Payments are cutting ties with third-party orchestration platforms
Take a closer look on whether this decision will reshape the dynamics of merchant payment integrations, affecting the ease of operations or if it will impact payment orchestrators in India.
BUSINESS
RuPay’s credit card market share rises to 12 percent in 2024, transaction volume growing 20% monthly
The cumulative monthly transaction value of Rupay is around Rs 14,000 crore a month, while the overall credit card network value is around Rs 1.8 lakh crore, which translates into a 7.5 percent market share
BUSINESS
Davos 2025: Cutting interest rates alone will not boost credit growth, Axis Bank MD Amitabh Chaudhry
The RBI’s primary concern is controlling inflation and once it subsides, the central bank is expected to cut interest rates, Chaudhry has said
BUSINESS
Davos 2025: States' freebies affecting India’s growth and development, says Axis CEO and MD Amitabh Chaudhry
According to him, for the GDP growth to come back, state governments play an important role in getting the urban development and the capex cycle going
BUSINESS
Davos 2025: Bajaj Allianz can withstand any turbulence, Allianz withdrawal not a cause of worry: CEO Tapan Singhel
The company may have to go for an IPO sooner rather than later, as the regulator has been nudging most large companies to go public, the CEO has said
BUSINESS
As banks go risk-shy, fintechs corner 76% of personal loans disbursed in first half of FY25
The average value of a loan disbursed by fintechs was around Rs 9,200, indicating the predominant share of small-ticket loans
BUSINESS
Union Budget 2025: Fintechs seek measures to ease credit squeeze
Any financial support from the budget is likely to provide crucial to fintech businesses struggling to secure commercial finance in their early stages, say industry insiders
BUSINESS
New data protection rules pose compliance and operational hurdles for fintech startups
The new regulations may increase operational costs, slow innovation and would particularly affect smaller firms in the fintech sector, feel most experts
BUSINESS
Navi, super.money continue to gain UPI market share as PhonePe and Google Pay dominate
Though NPCI has extended by two years the deadline to implement 30 percent market cap share, PhonePe and Google Pay together account for close to 85 percent of the UPI market share
BUSINESS
Bharat Connect payment volume doubles to 2.2 billion in 2024 on surge in credit card payments
The share of credit card bill payments in transaction value touched 62 percent of all bill payments through the platform, pushed by RBI mandate to route all such payments through Bharat Connect
