Moneycontrol PRO
you are here: HomeNewsPayu
Jump to
  • Paytm rises as Citi bets on faster customer growth versus rival PayU Nov 25, 2022 09:18 PM IST

    Paytm rises as Citi bets on faster customer growth versus rival PayU

    At current valuations, the overhang risks from further selling by existing pre-IPO shareholders of Paytm are overdone, Citi says.

  • Digital transactions grew 31% YoY in festive sale period, expenditure up 64%: PayU report Nov 15, 2022 07:29 PM IST

    Digital transactions grew 31% YoY in festive sale period, expenditure up 64%: PayU report

    Travel expenditure grew by 165 percent during this festive period, whereas, OTT expenditure shot up by 80 percent, according to the PayU report.

  • Bitter battle ahead? BillDesk shareholders prepare to sue Prosus for walking away from $4.7 billion deal Oct 04, 2022 07:49 PM IST

    Bitter battle ahead? BillDesk shareholders prepare to sue Prosus for walking away from $4.7 billion deal

    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.

  • Prosus terminates PayU's $4.7 billion acquisition of BillDesk Oct 03, 2022 12:32 PM IST

    Prosus terminates PayU's $4.7 billion acquisition of BillDesk

    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

  • DotPe raises $58 million in Series B, to expand into B2B financial services Sep 19, 2022 12:53 PM IST

    DotPe raises $58 million in Series B, to expand into B2B financial services

    The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years

  • ED conducting searches on certain Paytm, PayU premises: Sources Sep 14, 2022 03:32 PM IST

    ED conducting searches on certain Paytm, PayU premises: Sources

    The agency is also conducting searches on Chinese companies facilitators in Mumbai, Delhi, Gurgaon, Lucknow and Kolkata, sources told CNBC TV-18.

  • 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.

  • Competition Commission approves acquisition of BillDesk by PayU for $4.7 billion Sep 05, 2022 06:53 PM IST

    Competition Commission approves acquisition of BillDesk by PayU for $4.7 billion

    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.

  • MC Interview: Our goal is not just to attract talent but to also retain it; work-life balance a key component of our EVP: Priya Cherian, PayU's chief people officer Jul 18, 2022 05:22 PM IST

    MC Interview: Our goal is not just to attract talent but to also retain it; work-life balance a key component of our EVP: Priya Cherian, PayU's chief people officer

    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.

  • Exclusive: PayU’s LazyPay mulls major shift to credit card from prepaid card after RBI’s diktat Jul 01, 2022 10:06 AM IST

    Exclusive: PayU’s LazyPay mulls major shift to credit card from prepaid card after RBI’s diktat

    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.

  • RBI nukes multiple Indian fintechs through guidelines on prepaid instruments Jun 21, 2022 07:59 PM IST

    RBI nukes multiple Indian fintechs through guidelines on prepaid instruments

    RBI’s notice to many fintechs on June 20 is pushing fast-growing fintechs to pull breaks and reconsider their core business offerings.

  • PayU and IFC invest Rs 114 cr in trade finance platform Vayana Network Apr 20, 2022 03:09 PM IST

    PayU and IFC invest Rs 114 cr in trade finance platform Vayana Network

    Vayana plans to use the funds to build products focused on helping MSMEs better manage their working capital and become credit ready.

  • Covering commuting costs, allowing casual attire: How companies are trying to get staff back to office Apr 19, 2022 03:40 PM IST

    Covering commuting costs, allowing casual attire: How companies are trying to get staff back to office

    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

  • New Umbrella Entity applications under evaluation, clarifies RBI Governor Shaktikanta Das Feb 10, 2022 04:25 PM IST

    New Umbrella Entity applications under evaluation, clarifies RBI Governor Shaktikanta Das

    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.

  • PayU’s LazyPay forays into cards, deepening push into pay-later segment boosted by virus Jan 11, 2022 11:05 AM IST

    PayU’s LazyPay forays into cards, deepening push into pay-later segment boosted by virus

    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.

  • Indian fintech: After record funding in 2021, what does 2022 hold? Dec 28, 2021 10:55 AM IST

    Indian fintech: After record funding in 2021, what does 2022 hold?

    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.

  • Uni raises $70 million led by General Catalyst at a valuation of $350 million Dec 15, 2021 02:13 PM IST

    Uni raises $70 million led by General Catalyst at a valuation of $350 million

    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.

  • Simpl raises $40 million in Series B; co-founder clears air on lawsuit Dec 03, 2021 02:05 PM IST

    Simpl raises $40 million in Series B; co-founder clears air on lawsuit

    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.

  • No respite from recurring payments disruption even a month after new norms kick in Nov 04, 2021 08:16 AM IST

    No respite from recurring payments disruption even a month after new norms kick in

    Banks, payment aggregators and card companies had until September 30 to cancel standing instructions for recurring payments.

  • PhonePe introduces tokenisation solution ahead of RBI’s December 31 deadline Nov 02, 2021 01:57 PM IST

    PhonePe introduces tokenisation solution ahead of RBI’s December 31 deadline

    PhonePe SafeCard will allow the company’s merchant partners to create, process, delete and modify tokens for online card payments and use tokenisation on their own platforms via APIs.

  • PayU launches tokenisation solution 'PayU Token Hub' with Visa, Mastercard Oct 28, 2021 01:43 PM IST

    PayU launches tokenisation solution 'PayU Token Hub' with Visa, Mastercard

    RBI has disallowed businesses, payment aggregators and acquiring banks from storing customers' credit/debit/prepaid card data.

  • PayU-backed Fisdom enters online stockbroking, aims to be among top 5 Oct 21, 2021 05:00 PM IST

    PayU-backed Fisdom enters online stockbroking, aims to be among top 5

    Wealth management platform Fisdom is entering online stockbroking, dominated by the likes of Zerodha, Groww, Upstox and Angel Broking. It hopes to gain a million customers in a year, benefiting from the segment’s rapid growth.

  • Scale key to leveraging India’s digital payments potential, says PayU India CEO Sep 03, 2021 06:16 PM IST

    Scale key to leveraging India’s digital payments potential, says PayU India CEO

    CEO Anirban Mukherjee says PayU, having acquired BillDesk for $4.7 billion, will continue to follow a mix of organic and inorganic strategies in pursuit of growth

  • PayU to acquire BillDesk for $4.7 billion: Prosus Aug 31, 2021 12:19 PM IST

    PayU to acquire BillDesk for $4.7 billion: Prosus

    The acquisition brings Prosus' cumulative investment in Indian tech to over $10 billion.

  • PayU, Alpha Wave Incubation lead $12 million investment round in Indiagold Aug 27, 2021 11:01 AM IST

    PayU, Alpha Wave Incubation lead $12 million investment round in Indiagold

    With this round, Indiagold has raised a total of $14 million. Other investors include Leo Capital, Better Tomorrow Ventures, 3one4 Capital and Zerodha-backed Rainmatter Capital.