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  • UPI clocks 19.65 billion transactions at Rs 32.5 trillion in Q3 2022: Worldline’s India Digital Payments Report Dec 05, 2022 10:12 PM IST

    UPI clocks 19.65 billion transactions at Rs 32.5 trillion in Q3 2022: Worldline’s India Digital Payments Report

    Overall, In Q3 2022, UPI, Debit and credit cards, and prepaid payment Instruments like Mobile Wallets, and prepaid cards executed 23.06 billion transactions amounting to Rs 38.32 trillion.

  • MC Insider: The hottest stock now, FII looking for fintech exit, airline deal, founder’s big birthday bash, and more Dec 05, 2022 08:26 AM IST

    MC Insider: The hottest stock now, FII looking for fintech exit, airline deal, founder’s big birthday bash, and more

  • KreditBee raises $80 million in Series D round from existing investors Dec 02, 2022 03:56 PM IST

    KreditBee raises $80 million in Series D round from existing investors

    KreditBee will use the funds to venture into secured loans, home loans, and credit lines. It will also add financial services like insurance, credit score report, and merchant-side offers, among others.

  • Payments Council launches common icon library for uniformity, fraud prevention Dec 02, 2022 09:08 AM IST

    Payments Council launches common icon library for uniformity, fraud prevention

    Project Pratima lays down the design principles and basic guidelines to make icons easily recognisable and accessible to users across platforms of the members of the Payments Council of India.

  • Hard cash, made easy | Digital Rupee will enhance financial inclusion: Fintech industry Dec 01, 2022 06:19 PM IST

    Hard cash, made easy | Digital Rupee will enhance financial inclusion: Fintech industry

    Digital currencies have many benefits like zero currency loss and lower operational costs associated with physical cash management.

  • MC Insider: Skipping call option, patience wearing thin, super difficult super app, eyeing early stage bucks, and more Nov 30, 2022 07:03 AM IST

    MC Insider: Skipping call option, patience wearing thin, super difficult super app, eyeing early stage bucks, and more

  • CRED to acquire lending as a service platform CreditVidya Nov 29, 2022 03:42 PM IST

    CRED to acquire lending as a service platform CreditVidya

    CreditVidya offers services for entire loan life cycles from origination to underwriting to collections of loans. The platform also allows customers to seek loans from its lending partners.

  • Digital lenders align with new RBI norms ahead of November 30 deadline, brace for consolidation Nov 29, 2022 10:10 AM IST

    Digital lenders align with new RBI norms ahead of November 30 deadline, brace for consolidation

    Fintechs have changed core business models, lending flows and processes since the new digital lending norms came into effect in August.

  • BharatPe sees four leadership exits, including tech, product and PostPe leads Nov 28, 2022 04:05 PM IST

    BharatPe sees four leadership exits, including tech, product and PostPe leads

    The company said in a statement that the four executives are moving on to pursue their entrepreneurial plans

  • MC Insider: Mutual fund talent fight, wedding season for Dalal Street vets, block deal rain, and more Nov 28, 2022 09:09 AM IST

    MC Insider: Mutual fund talent fight, wedding season for Dalal Street vets, block deal rain, and more

  • PhonePe in talks to buy ZestMoney to bolster digital lending plans Nov 25, 2022 10:24 AM IST

    PhonePe in talks to buy ZestMoney to bolster digital lending plans

    The development comes at a time when PhonePe is in talks to raise a mega round of $450-500 million, likely to be led by General Atlantic.

  • For big tech and banking, cautious optimism is a better approach Nov 25, 2022 09:56 AM IST

    For big tech and banking, cautious optimism is a better approach

    Regulators around the world have already taken or are contemplating a variety of steps and policy measures to contain and manage the risks arising from big techs’ linkages with the banking and financial services sector

  • PayU India's revenue grew by 38% in the first half of FY23 Nov 23, 2022 01:35 PM IST

    PayU India's revenue grew by 38% in the first half of FY23

    PayU India's growth was aided by increased digitisation in retail through e-commerce, financial services and bill payments, besides travel and hospitality bouncing back, parent company Prosus has said in its earnings presentation

  • MC Insider: Match fixing, finance head becomes fall guy, back with a bang, deal strategy overhaul, and more Nov 23, 2022 09:17 AM IST

    MC Insider: Match fixing, finance head becomes fall guy, back with a bang, deal strategy overhaul, and more

  • Fintech Firm CredoPay Forays into Middle East Nov 22, 2022 02:21 PM IST

    Fintech Firm CredoPay Forays into Middle East

    Prior to expansion to Middle East, CredoPay had operations in India, South Africa, Latin America and Sri Lanka.

  • RIL's fintech ambitions could create India's 5th largest financial services firm: Macquarie Nov 22, 2022 01:41 PM IST

    RIL's fintech ambitions could create India's 5th largest financial services firm: Macquarie

    Reliance Industries can leverage its NBFC licence, network of stores and existing telecom and retail customers for Jio Financial Services, the foreign brokerage said

  • MC Insider: Truth about bank scion’s rise, Chennai Petro King in action, HNI buzz in markets, bond party still on and more Nov 21, 2022 08:37 AM IST

    MC Insider: Truth about bank scion’s rise, Chennai Petro King in action, HNI buzz in markets, bond party still on and more

  • MC Insider: M&A twist, celebrity tantrums, dud ad, founder who swears by yoghurt, SaaS superstition, and more Nov 16, 2022 08:38 AM IST

    MC Insider: M&A twist, celebrity tantrums, dud ad, founder who swears by yoghurt, SaaS superstition, and more

  • Open gets RBI's in-principle nod for payment aggregator licence Nov 14, 2022 12:07 PM IST

    Open gets RBI's in-principle nod for payment aggregator licence

    A payment aggregator provides payment services to merchants and e-commerce sites by accepting payment instruments from customers. It is different from payment gateways which provide technology services for processing transactions but don’t handle funds

  • Riding the credit boom won’t be easy for PSU banks Nov 14, 2022 09:18 AM IST

    Riding the credit boom won’t be easy for PSU banks

    Public sector bank shares are in demand, rising by 28 percent in a month. Investors are betting they will ride the anticipated credit boom

  • MC Insider: Expected bedfellows, spicy deal, mutual fund skeletons, banking salary disparity, and more Nov 14, 2022 07:13 AM IST

    MC Insider: Expected bedfellows, spicy deal, mutual fund skeletons, banking salary disparity, and more

  • Payworld to enter data-based credit services business; aims to double GTV to Rs 22,000 crore in a year Nov 13, 2022 05:04 PM IST

    Payworld to enter data-based credit services business; aims to double GTV to Rs 22,000 crore in a year

    The company claims to have gross transaction value (GTV) of around Rs 11,000 crore at present.

  • White Venture Capital to back executives, former founders to build startups Nov 10, 2022 11:47 AM IST

    White Venture Capital to back executives, former founders to build startups

    White Venture’s ‘Call to Adventure’ programme will fund executives to build startups and pay salaries to entrepreneurs while they are at it

  • PB Fintech CEO Yashish Dahiya: Investors need to know we are a boring company that will keep growing; there will be no tamasha Nov 09, 2022 10:11 AM IST

    PB Fintech CEO Yashish Dahiya: Investors need to know we are a boring company that will keep growing; there will be no tamasha

    PB Fintech is aiming to deliver Rs 1,000 crore in profits by FY27. The company aims to increase the annual run rate for insurance premiums from Rs 10,000 crore currently to Rs 35,000 crore by FY27.

  • Quona Capital closes $332 million fintech fund to invest in emerging markets Nov 08, 2022 07:05 PM IST

    Quona Capital closes $332 million fintech fund to invest in emerging markets

    In India, Quona Capital sees an opportunity to invest in fintech infrastructure, embedded and verticalised finance as well as insurtech.