BUSINESS
Coronavirus pandemic | Demand for credit cards, personal loans to go up, so will stress in these segments: Report
Banks should redesign their mix of secured and unsecured lending to take care of their assets, TransUnion Cibil has said.
BUSINESS
After tasting success in US, edutech startup Quizizz makes India debut
As coronavirus forces teachers to move classes online, the company is hoping its technology will be adopted rapidly in India like it was in the US.
BUSINESS
Competition hots up, Groww goes live with stock trading
The startup hopes to introduce futures and options and also intra-day trading over the next few months.
BUSINESS
Crypto business takes off but industry still waiting for regulations
Global technology majors, which are keen on India, are also looking for some indications from the government before bringing in their exchange businesses.
BUSINESS
EXCLUSIVE: Innoviti raises undisclosed sum in funding from FMO, Bessemer Ventures
The company seeks more funds to close its series C round and is aiming at profitability in the next six to eight months.
BUSINESS
International, domestic remittance channels see slump as migrant workers return home
While domestic remittance is down by 80 percent, international corridors, which had seen a fall during March and April, are seeing some signs of revival in May.
BUSINESS
Unlock 1.0: Used cars may see spurt in demand as consumers shun public transport
Founders of used car platforms say stress on income and higher price of new BS6 vehicles could prompt consumers looking for a personal vehicle to settle for a cheaper used car.
BUSINESS
Agents should be given a fixed remuneration to ensure viability of business correspondents: BCFI
BCFI is the industry body for business correspondents or 'bank mitras' who provide rural payments, account opening and other basic banking services to customers.
BUSINESS
How does online alcohol delivery work in India, did Zomato and Swiggy really get permission and other questions answered
Explainer: Zomato and Swiggy needed a detailed clearance from each state government and while the opportunity is huge, they will have to painstakingly go state by state to expand this line of business.
BUSINESS
IVF Access raises $5 million from Vertex Ventures
The startup says it will use the money to set up IVF clinics across the country.
BUSINESS
Winds of change as banks push for video KYC, digital channels to acquire customers
Buoyed by RBI’s video KYC guidelines, banks are looking for a faster, cheaper way of getting new customers as social distancing becomes the new normal.
BUSINESS
WoodenStreet raises $3 million in series-A funding from IAN Fund
It plans to foray outside India and double its current physical footprint.
BUSINESS
Unlock 1.0: Local stores show faster sales recovery than organised retail: Report
Digital payments player Innoviti says segments such as fashion, apparel and jewellery are still running short of January transaction numbers.
BUSINESS
UPI makes a strong comeback, records 1.2 billion transactions in May
It has managed to reach March levels in terms of number of transactions, showing rapid adoption of UPI
BUSINESS
SBI tops UPI transactions with over a billion in four months
Axis Bank, ICICI Bank, HDFC Bank and Paytm Payments Bank are the most commonly used bank accounts for UPI payments, NPCI data shows
BUSINESS
Mobility startups bet on long-term subscriptions to thrive in post-COVID-19 world
Vogo, Bounce and Royal Brothers are offering year-long rentals as consumers get wary of sharing vehicles with others.
BUSINESS
BharatPe gets Instalocate co-founder Ankur Jain as its new chief product officer
This is the fifth CXO position at BharatPe which has been steadily building its top leadership team to drive growth.
BUSINESS
New COVID-19 worry for banks — a big spike in NPAs from cab aggregator loans
With no visibility of revival and change in consumer behaviour with respect to public transport, cab aggregators worry about prolonged difficulties ahead.
BUSINESS
Groww takes aim at Zerodha, begins testing stock trading platform
Its entry could potentially open the gates to more new generation investment startups that intend to coax a small but growing number of people looking to invest directly in stocks.
BUSINESS
EXCLUSIVE: Recurring payments on UPI set to start; payment apps boost tie-ups with lending platforms for EMIs
Sources say that NPCI is working on the product and could go live with select banks in the next couple of months.
BUSINESS
EXCLUSIVE | Swiggy’s latest offering: Supplies on credit for partner restaurants
Swiggy Staples Plus, which is being tested, will offer the credit option to restaurants that get their supplies through Swiggy Plus.
BUSINESS
NPCI brings back Aadhaar-based electronic NACH
This was stopped after the Supreme Court verdict on Aadhaar, but will be resumed post June 1 following clearance from the govt.
BUSINESS
Hit by lockdown, Worldline reports 60% fall in transactions in April
Covid19 will establish a new normal in digital payments, the company says in a quarterly report,
BUSINESS
RupeeRedee moves into B2B software solutions, will help other NBFCs ‘GoDigital’
The company is positioning itself for a post-coronavirus world that is expected to see a spike in demand for digital customer services
