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February 07, 2023 09:03 PM IST Along with online lending platforms like Kissht and PayU-backed LazyPay, Meity's ban list includes Kreditbee, Ola Avail Finance, and a few home loan and B2B lending apps.
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February 06, 2023 10:52 PM IST The move came after a communication from the Ministry of Home Affairs.
- February 01, 2023 07:44 PM IST
The steps taken to simply KYC will in turn simplify digital spending and investment processes, say fintech startups and investors.
- January 11, 2023 07:51 PM IST
This comes two months after the Reserve Bank of India rejected the application of Paytm Payments Services for licence to operate as a payment aggregator.
- December 28, 2022 11:19 AM IST
Since the beginning of the year, about 50 startups have laid off a large number of employees, citing funding constraints and restructuring, while others have shifted the blame to employees' performance, calling the layoffs standard.
- December 26, 2022 10:32 AM IST
The layoffs at the Naspers-owned company are spread across teams and mainly impact PayU’s India unit and Wimbo, a payment security and mobile payment technology company it acquired in 2019.
- November 25, 2022 09:22 PM IST
At current valuations, the overhang risks from further selling by existing pre-IPO shareholders of Paytm are overdone, Citi says.
- November 15, 2022 07:31 PM IST
Travel expenditure grew by 165 percent during this festive period, whereas, OTT expenditure shot up by 80 percent, according to the PayU report.
- October 24, 2022 10:51 AM IST
Prosus announced the termination of the deal yesterday. The news came after the acquisition received a go-ahead from the Competition Commission of India on September 5.
- October 03, 2022 12:32 PM IST
Certain conditions precedent were not fulfilled by September 30, 2022 long stop date and the agreement has been terminated automatically in accordance with its terms, Prosus has said
- September 19, 2022 12:53 PM IST
The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years
- September 14, 2022 06:11 PM IST
The agency is also conducting searches on Chinese companies facilitators in Mumbai, Delhi, Gurgaon, Lucknow and Kolkata, sources told CNBC TV-18.
- September 12, 2022 10:41 AM IST
Fintechs looking to capture market share from players restricted by new norms; see inflation as a tailwind for credit demand.
- September 05, 2022 06:58 PM IST
While the detailed order by CCI is awaited, the approval was long pending for India’s second largest internet deal after Walmart’s acquisition of Flipkart in 2018.
- July 18, 2022 05:43 PM IST
Start-up layoffs have offered employers a wider pool of talent to choose from. Hiring costs will stay elevated for maybe six months, after which they will correct, says Cherian of PayU.
- July 01, 2022 10:06 AM IST
The company has been in talks with its partner bank SBM Bank India for the move since RBI restricted the role of co-branding entities to only marketing and distribution of prepaid cards in April. The pivot to credit cards is likely to be fast-tracked now.
- June 21, 2022 08:06 PM IST
RBI’s notice to many fintechs on June 20 is pushing fast-growing fintechs to pull breaks and reconsider their core business offerings.
- April 21, 2022 12:40 PM IST
Vayana plans to use the funds to build products focused on helping MSMEs better manage their working capital and become credit ready.
- April 19, 2022 06:14 PM IST
After the 2020 lockdown led to office closures for almost two years, employees of most companies who worked from home are now being asked to return to the office. Companies are taking various steps to help their employees through the transition
- February 10, 2022 04:25 PM IST
The RBI had received applications from around six consortiums in March 2021 to set up a retail payments management, clearing and settlement entity to rival the NPCI.
- January 11, 2022 11:06 AM IST
With this offering, LazyPay joins the likes of Slice, Uni, Dhani which offer pay-later cards to customers, most of which have the option of dividing bills or purchases in three parts. But this product will differ from competitors in the repayment cycle.
- December 28, 2021 10:55 AM IST
Indian fintechs raised a record $9 billion in 2021, setting the tone for the funding and growth boom to continue in 2022. Experts believe continued collaboration between banks and fintechs will be crucial as neobanks and digital lending lead growth.
- December 15, 2021 02:15 PM IST
The startup aims to grow monthly disbursals from Rs 175 crore currently to Rs 1,500 crore in a years’ time and will be launching four new products in the next few months.
- December 03, 2021 02:20 PM IST
While Simpl is eyeing 10x growth in its user base, it finds itself mired in a lawsuit filed against the company by erstwhile co-founder Chaitra Chidanand. The company will also have to wait for RBI guidelines on digital lending for further regulatory clarity.
- November 04, 2021 08:16 AM IST
Banks, payment aggregators and card companies had until September 30 to cancel standing instructions for recurring payments.
