BUSINESS
What are altcoins? All that you need to know about the non-bitcoin cryptos
Altcoins: What are they? Everything that you need to know about the alternatives to Bitcoin that operate according to their own rules.
BUSINESS
Economic Survey 2021: Shortfall in equity, debt financing takes toll on Indian innovations
India and Brazil both rank very low in terms of equity and debt funding that goes into highly innovative projects.
BUSINESS
Economic Survey 2021: Indian innovations improve sharply, but have to play catch-up with China
India needs to boost its investments in primary and secondary education to help push the country's rank with regards to innovation. The survey further points out the need for private enterprises to step up R&D investments.
BUSINESS
Pine Labs launches AllTap app, wants to convert every smartphone into a card payment terminal
Pine Labs has built an app which converts a smartphone into a PoS terminal, and adheres to safety and security standards laid down by PCI and will be able to accept all forms of major debit and credit cards from today.
BUSINESS
Cryptocurrency ban: RBI's proposed digital currency project and what it means for you, explained
This tender is neither banned in India, nor is it legalised – making it hang somewhere in the grey zone.
BUSINESS
Ex-Deutsche father-son duo show investors the way to Wall St with Globalise
Many Indians are looking at investing in technology giants listed on American bourses. Globalise attempts to get them on board with an online platform that enables them to place long-term bets on global companies from the comfort of their homes.
BUSINESS
Ripplr gets $3 million in Series A funding from Zephyr Peacock, others
Ripplr is trying to digitise the entire supply chain ecosystem of the country for consumer brands, helping connect distributors with brands through a single technology platform.
BUSINESS
NPCI joins advisory board of PCI Security Standards Council
PCI SSC plays an important role for developing industry wide digital payments standards to protect the sector from cyber attacks and breaches
BUSINESS
Payday lending may finally see some regulation as RBI sets up panel
Payday lending needed some rules, especially around terms of interest rates charged, industry insiders say. Now that the RBI has set up a committee, some action can be expected.
BUSINESS
Small town India and freelancers will help Indian economy achieve the $5 trillion size: Report
While COVID-19 caused digital payment volumes to decline by more than 30 percent in the first half of 2020, in the months between September and December, the volumes jumped 40 to 45 percent.
BUSINESS
Why business payment processors are better off than their consumer facing counterparts
B2B payment companies such as Billdesk, Cashfree, Razorpay and PayU India scripted a solid FY20 performance, recording strong revenue growth while posting a profit or keeping losses within control. They are a sharp contrast to consumer facing payment entities such as Paytm and PhonePe, which are still haemorrhaging
BUSINESS
Explained: Everything you need to know about RBI's Payments Infrastructure Development Fund
The Reserve Bank of India is pulling out all the stops to encourage digitisation of payments in the country. The latest is the launch of a dedicated fund to encourage banks and payments companies to deploy terminals across smaller towns and the north-eastern states.
STARTUP
Juspay appoints PwC, Verizon to audit its systems post breach
The Bengaluru-based payments firm had suffered a massive breach back in August, when 3.5 crore masked card details were exposed in a hack and have been made public on the dark web. The incident came to light recently and has pushed the payments firm to undertake a proper forensic audit to ensure its systems are safe from future attacks.
BUSINESS
Paytm starts offering instant personal loans, enters a hot fintech market segment
After insurance, wealth management and credit cards, Paytm has now waded into the personal-loan space, looking to dish out credit with flexible tenures, mostly to new credit customers.
BUSINESS
Juspay incident shows urgent need for data protection laws, data breach reporting guidelines
Juspay was the victim of a cyberattack back in August 2020. While the company dealt with the aftermath and informed its merchants, more than three crore customers' masked card details were revealed in the process.
BUSINESS
Digital lending startups face image crisis as borrowers cry coercive collection tactics by some app-based lenders
The industry association has pointed out that most of such entities are unregulated, unscrupulous players who need to be barred by the RBI. However, it admits that some course correction is required for startups themselves as well.
BUSINESS
Here is what startup founders are looking forward to in 2021
For them, 2021 is the year of hope, resurgence, but COVID-19 worries and those about India’s economic health are not too far behind.
BUSINESS
Digital payment companies continue to bleed as expenses pile up, profits remain elusive
According to filings with the MCA, all the major payment companies have been incurring massive losses while trying to earn more revenue. The only exception is Paytm, which earned almost the same revenue in FY 2020 as FY 2019 while narrowing its losses.
BUSINESS
Lendingkart to stress on tech play, looks at banks and NBFCs for partnerships
The Ahmedabad-based NBFC which leverages technology to solve the financial needs of small businesses, wants to push its technology game more and lend through a co-lending model. It is already working with banks and NBFCs to push interest rates southwards and reach out to more small businesses.
BUSINESS
How India has adopted digital payments through 2020
While almost every payment mode suffered a fall during April and started picking up in the second half of the year, exception was RuPay cards for PoS transactions at offline merchants, which are still below pre-Covid numbers and UPI on the other end which grew strongly over the last few months.
BUSINESS
After early boom, fintech lending startups face a reality check
The difficulty borrowers face in repaying their loans is forcing many fintech lending startups to restructure loans and show them as ‘standard assets’ as the year draws to a close.
BUSINESS
Year-ender 2020 |Here's why 2020 had the lowest number of deals in the last five years
Byju's Classes rode the edtech wave and raked in close to a billion dollars from top VCs globally. Interestingly, Zomato has managed to raise $660 million even in the middle of a pandemic, data from Venture Intelligence shows.
BUSINESS
Gold loans glitter as consumers pledge jewelry for cash
Platforms sourcing gold loans for banks say they have seen a strong uptick in demand for such loans, as consumers look to raise cash for business needs and for personal emergencies
BUSINESS
Cryptocurrency-trading platform CoinDCX gets Rs 100 crore in Series B funding
Crypto-trading platform CoinDCX is set to expand its product suite and hire top level talent with the newly raised funds. It will invest in creating its own trading app CoinDCX Go looking to onboard regular traders into the crypto trading business.
