TECHNOLOGY
SEBI's uniform charge structure: Top discount brokers might see up to 20% decline in FY25 topline
Sebi’s true-to-label fee structure for brokers makes the playing field even for smaller players or startups that are launching broking services now as scale in itself will not add to the meaty topline of larger companies like Zerodha, Groww and Angel One
BUSINESS
Discount brokers' topline might be hit badly if Sebi restricts F&O trading
While the number of F&O traders is between 10-20 percent of the overall active client base, they generate between 60-70 percent of the revenue for most of the large brokers.
BUSINESS
Regulatory concerns, bank charges force many fintechs to pause rent payments via credit cards
There has been no official communication from RBI to any of the ecosystem partners. However, the regulator’s concerns stem from a product being used for unintended purposes
BUSINESS
It's business as usual for banks, Cred, though BBPS deadline for credit card bill payments nears
Cred likely to see minimal disruption as the fintech also has the option of credit card bill payment through NEFT and IMPS apart from BBPS for enabled banks
BUSINESS
Paytm sees green shoots of recovery, but not out of the blues yet
With curtains on its popular mobile wallet product, Paytm’s gross merchandise value will be mostly dependent on UPI, which seems to be recovering in May, earlier than expected
BUSINESS
Sachin Bansal’s Navi UPI grows 10X in two months
Navi started offering rewards and cashbacks for unified payments interface (UPI) users on its platform in April. While this has succeeded, now the company has a bigger challenge of maintaining the momentum
TECHNOLOGY
Groww's active user base crosses 1 crore milestone in May
Rival Zerodha has 75 lakh active users, Angel One 64.86 lakh and Upstox 25.91 lakh
BUSINESS
Cred’s new-user growth stagnates, increased UPI payment a silver lining
UPI payments are growing at a much faster clip than credit card payments, even among affluent customers. Targeting this segment seems to be working for Cred, as even without many customer additions, the company’s UPI share has grown well.
BUSINESS
Vijay Shekhar Sharma dials former executives to rebuild Paytm
Besides former names like Renu Satti and Kiran Vasireddy, Paytm is engaging with senior bankers to lead its high-growth lending vertical. Per sources, the company has approached IndusInd Bank’s Sai Giridhar for a potential partnership
TECHNOLOGY
Digital payments not subject to politics, set to soar under new government as well
The roots of the instant money-transfer system are too firmly entrenched in the Indian economy leaving no option but growth.
BUSINESS
US-based payments giant Stripe goes invite-only in India amid regulatory changes
The company said it is unable to promise "easy onboarding" for all new users in the country and will focus on international business.
BUSINESS
Why credit line on UPI has not taken off yet
The lack of a strong business case for any of the participants in the ecosystem means that none of them are keen to take the product to the market.
TECHNOLOGY
Groww banega crorepati: Active user base set to cross 1 crore in May
Groww's approach to education and investment helped them stand out from the trading-focused competitors.
BUSINESS
Quick commerce makes up third of dosa-batter maker iD's sales; grows 100 times in 2 years
Earlier Bigbasket was the largest online platform for ID, which was mostly a scheduled delivery model. But customers clearly have a preference for quick commerce and hence others have overtaken Bigbasket, says ID founder PC Musthafa
BUSINESS
After the equity rush by retail investors, fintechs see bonds taking off
Fintechs expect retail participation in the bond market to grow similar to the equity markets during the Covid lockdown as Sebi allows companies to issue bonds at a face value of Rs 10,000. Bonds could prove to be a competitor to FDs.
BUSINESS
PhonePe carries over its UPI dominance to bill payments, corners half of the market
Electricity, FASTags and loan repayments together account for 70 percent of all bill payments on the BBPS platform by value as well as by volume.
BUSINESS
Paytm's market share in bill payments drops by 3 percentage points in 2 months
Paytm’s loss of bill payment market share also mirrors the situation the company finds itself in UPI payments as well. The company has lost five percentage points in market share in the last year
BUSINESS
Go Digit's Kamesh Goyal says, 'We took investor feedback to decide the IPO price, hope to give them value'
On the reduced issue size, the Chairman said the company's requirement for capital went down as it raised non-convertible debentures worth Rs 200 crore in December last year.
BUSINESS
Challenging UPI duopoly tricky, NPCI likely to extend the market cap deadline
Restricting a few apps from carrying out regular business through market cap norms will likely be challenged in a court of law. The apps have followed the rules and regulations set by NPCI, in a market that is intensely competitive
BUSINESS
Paytm's UPI market share drops by 5 percentage points in 1 year
PhonePe has maintained more than 50 percent market share in UPI transaction value since February. Paytm's value market share stood at 6.2 percent in April 2024
BUSINESS
Why Paytm President and COO Bhavesh Gupta resigned
Sharma is likely to be more hands-on and will closely monitor every single business division of Paytm until things go back to where they were during Q2 of the last financial year
TECHNOLOGY
Explainer: What is behind the race for payment aggregator licences?
Increasingly payments have also become an integral part of the consumer journey and satisfaction with a brand. Having control over the payment experience, from user interface to speed of processing and issuing refunds, makes it much easier to manage with an in-house team.
TECHNOLOGY
Peak XV, Temasek-backed Fi is the latest fintech to get NBFC licence
Last valued at $520 million in July 2022, the neobanking company's revenue came in at Rs 1.27 crore in FY21 and Rs 25.6 crore in FY22, data from PrivateCircle shows
BUSINESS
Paytm new UPI user onboarding to begin in a couple of months, say bankers
Paytm’s UPI market share has dropped by three percent in the last couple of months from around 12 percent in January to nine percent in March. The delay in onboarding new customers is due to the RBI regulation that restricts new customers until migration of existing customers to new handles is complete.
