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  • Fintech Files | Part-1: What they are and what they do Sep 27, 2022 11:34 AM IST

    Fintech Files | Part-1: What they are and what they do

    Relying on smartphones for almost everything has become the new normal in today’s fast-paced world, particularly when it comes to financial services. But it is actually the financial technology in the background that enables these services, making transactions a simple act of a touch or a click. Here’s a primer on the basics

  • Nandan Nilekani pitches for BNPL products through UPI after launch of Rupay credit card on UPI platform Sep 21, 2022 07:11 PM IST

    Nandan Nilekani pitches for BNPL products through UPI after launch of Rupay credit card on UPI platform

    The National Payments Corporation of India (NPCI) on Thursday launched the Rupay credit card on UPI platform, following a RBI policy move authorising it.

  • BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers Sep 12, 2022 10:41 AM IST

    BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

    Fintechs looking to capture market share from players restricted by new norms; see inflation as a tailwind for credit demand.

  • EarlySalary raises $110 million in Series D round, valued at $300 million Aug 30, 2022 10:15 AM IST

    EarlySalary raises $110 million in Series D round, valued at $300 million

    The company plans to use proceeds to scale its business in the next 24 months.

  • Uni suspends card services after RBI's digital lending norms hint at tighter scrutiny against PPI lending Aug 19, 2022 06:07 PM IST

    Uni suspends card services after RBI's digital lending norms hint at tighter scrutiny against PPI lending

    Uni's move of inactivating its existing cards comes a day after Moneycontrol had reported that its prepaid card partner State Bank of Mauritius India is looking to pause the onboarding of new customers until further clarity emerges on the RBI's views on the model.

  • India's fintech assets likely to grow to $1 trillion by 2030 Aug 09, 2022 01:29 PM IST

    India's fintech assets likely to grow to $1 trillion by 2030

    More than $1 billion worth of investments were made in digital lending in 2021 and the market is expected to grow to $515 billion in book size by 2030, a report by Chiratae Ventures and Ernst & Young says

  • Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report Jul 28, 2022 04:40 PM IST

    Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report

    For the next five years, CLSA expects credit card spends to grow at a compound annual growth rate (CAGR) of 19 percent, down from the 24 percent CAGR in the past five years. The stagnation will come from companies tapping customers from smaller towns and cities where per capita consumption is lower.

  • Building resilience, profitability around BNPL product is tough: QED Investors’ Asia Head Jul 21, 2022 03:35 PM IST

    Building resilience, profitability around BNPL product is tough: QED Investors’ Asia Head

    BNPL start-up founders will have to innovate to sustain the business through privileged access, technology, underwriting loans, etc, says Sandeep Patil

  • With rising interest rates, inflation, RBI’s lens, India’s BNPL players may face speed breakers ahead Jul 12, 2022 09:18 AM IST

    With rising interest rates, inflation, RBI’s lens, India’s BNPL players may face speed breakers ahead

    Experts are revising growth estimates downwards for the industry for FY23 in light of the current macro environment. Besides, increased focus on compliance may make these players lend in a more structured manner and not at the same pace as earlier.

  • Fintech startup Innoviti raises $45 million led by Singapore's Panthera Growth Partners Jul 08, 2022 10:29 AM IST

    Fintech startup Innoviti raises $45 million led by Singapore's Panthera Growth Partners

    Innoviti will use the funds to expand the company’s mid-market product lines in electronics, fashion, and grocery as well as build products on its UPI payment channels, the startup said

  • Why India is no fan of Buy Now, Pay Later Jun 28, 2022 09:45 AM IST

    Why India is no fan of Buy Now, Pay Later

    The central bank sees too many risks involved with the proliferation of online fast-loan providers, despite the relatively small amounts involved

  • Rupifi introduces MUNAFA community platform to help MSMEs Jun 27, 2022 08:23 PM IST

    Rupifi introduces MUNAFA community platform to help MSMEs

    MUNAFA will serve as a trusted source of information, content, and business connections for Indian MSMEs supporting them across every stage of their journey, the fintech said.

  • A hawk eye on fintech should start with BNPL Jun 27, 2022 12:15 PM IST

    A hawk eye on fintech should start with BNPL

    Buy Now Pay Later has been touted as increasing financial inclusiveness, but at a time of rising interest rates, credit at the click of a button and without necessary safeguards, could snowball into a crisis

  • Funding Squeeze at Buy-Now-Pay-Later Pioneer Flashes Industry Warning Jun 08, 2022 04:58 PM IST

    Funding Squeeze at Buy-Now-Pay-Later Pioneer Flashes Industry Warning

    Securitization packages of buy-now-pay-later loans from one provider, Affirm Holdings Inc., are falling in price for investors to buy while becoming more expensive to issue, after rising rates and a cost of living crisis cast a shadow over the sector.

  • Accel-backed fintech Uni raises Rs 50 crore in debt from Stride Ventures Jun 08, 2022 04:05 PM IST

    Accel-backed fintech Uni raises Rs 50 crore in debt from Stride Ventures

    Uni’s debt fundraise comes at a time when equity funding to Indian startups is slowing. Consequently, many startups, especially the ones that need cash to survive, are shifting to offshore debt and venture debt.

  • SME-focused lending platform FlexiLoans.com raises $90 mn Jun 07, 2022 07:33 AM IST

    SME-focused lending platform FlexiLoans.com raises $90 mn

    FlexiLoans.com said that the investment round provides it a strong runway for its growth as it comes at a time when there is a fintech push by the government, especially for the MSME sector.

  • Exclusive: Slice turns conservative amid slowdown, restricts ‘Pay-in-3’ feature to select card customers May 25, 2022 05:21 PM IST

    Exclusive: Slice turns conservative amid slowdown, restricts ‘Pay-in-3’ feature to select card customers

    The startup will however allow all customers to divide repayments across three months for no interest for in-app purchases in an attempt to increase transactions with its merchant partners. The move will help the company make revenue-earning features more attractive and help accelerate its profitability plans, according to sources.

  • MakeMyTrip ties up with banks, NBFCs, fintech players for 'book now pay later' option May 19, 2022 03:09 PM IST

    MakeMyTrip ties up with banks, NBFCs, fintech players for 'book now pay later' option

    New Delhi, May 19 Online travel firm MakeMyTrip on Thursday said it has partnered with 15 banks, NBFCs and fintech players, including HDFC Bank, ID..

  • TransUnion CIBIL study: More than 160 million Indian consumers are credit underserved Apr 29, 2022 08:51 AM IST

    TransUnion CIBIL study: More than 160 million Indian consumers are credit underserved

    Credit cards and instalment-based credit schemes such as Buy-now, Pay-later are the most commonly used credit products by the underserved consumers

  • Axis Bank-Citibank deal: India’s credit card market is at crossroads. Which way will it go? Mar 31, 2022 04:04 PM IST

    Axis Bank-Citibank deal: India’s credit card market is at crossroads. Which way will it go?

    Credit card spends have survived the rapid expansion of the Unified Payments Interface, which continues to eat into the payments pie. But with BNPL posing a fresh challenge, issuers face a challenge in widening credit card usage.

  • How are pay-later cards different from credit cards? Mar 30, 2022 08:50 PM IST

    How are pay-later cards different from credit cards?

  • Chapter one for RBI’s newly-formed fintech department is a lesson in BNPL Mar 04, 2022 10:26 AM IST

    Chapter one for RBI’s newly-formed fintech department is a lesson in BNPL

    Besides understanding BNPL business models, the department’s other main agenda is the CBDC.

  • After Zomato, Swiggy gets ready to join BNPL bandwagon Feb 14, 2022 07:48 PM IST

    After Zomato, Swiggy gets ready to join BNPL bandwagon

    Buy now pay later has become a prominent mode of payment in the last few years especially among youngsters. Unlike other forms of lending, BNPL is a low-cost short term credit which does not require a credit score.

  • M2P Fintech raises $56 million in Series C1 round, valuation doubles to $600 million Jan 20, 2022 02:21 PM IST

    M2P Fintech raises $56 million in Series C1 round, valuation doubles to $600 million

    This is M2P Fintech's third round in less than a year and the largest till date. The company plans to invest in international expansion and acquisitions.

  • India’s BNPL wave in 2021 was led by GenZ and Millennials, says report Jan 19, 2022 06:46 PM IST

    India’s BNPL wave in 2021 was led by GenZ and Millennials, says report

    Bangalore, Mumbai, New Delhi, Pune, Hyderabad, Chennai, Ahmedabad, Thane, Kolkata, and Jaipur emerged as the top cities witnessing demand for BNPL in 2021, according to the report based on BNPL platform ZestMoney's user base.

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