Nov 25, 2021 01:52 PM IST
Licensing will allow unregulated neobanks to eventually operate as full-stack digital banks on meeting certain specified requirements.
- Nov 18, 2021 08:14 PM IST
The task group will work towards creating a projected roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem in the state and leverage the partnering institutions and government to solve for them.
- Nov 04, 2021 08:16 AM IST
Banks, payment aggregators and card companies had until September 30 to cancel standing instructions for recurring payments.
- Nov 02, 2021 01:57 PM IST
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.
- Oct 28, 2021 01:43 PM IST
RBI has disallowed businesses, payment aggregators and acquiring banks from storing customers' credit/debit/prepaid card data.
- Oct 26, 2021 10:00 AM IST
Jupiter is opening up its platform for users in an invite-only mode, and plans to onboard 1 million users in the next six months.
- Oct 25, 2021 08:52 PM IST
Open had announced on October 12 that it raised $100 million in its Series C round led by Temasek and that it plans to use the funding to further strengthen its new product lines and foray into global markets.
- Oct 23, 2021 03:37 PM IST
Razorpay TokenHQ is aimed at helping end-customers to continue experiencing the convenience of saved card transactions. This is a multi-network Card-on-File (CoF) Tokenisation solution which works across all major card networks including Mastercard, RuPay, and Visa.
- Sep 28, 2021 02:00 PM IST
Razorpay co-founders Harshil Mathur and Shashank Kumar believe that collaboration with banks, regulators and other startups drives growth for fintechs. Mathur also added that the Indian payments space has a lot more headroom to grow.
- Sep 20, 2021 11:13 PM IST
Razorpay had announced its Series E fundraise of $160 million in April this year, which tripled the company’s valuation to $3 billion in less than six months since it became a unicorn (a startup valued at $1 billion).
- Sep 20, 2021 10:03 PM IST
The company said this fund infusion will accelerate its growth in modernising the financial infrastructure for small businesses and large enterprises by providing automated payment and business banking solutions.
- Sep 16, 2021 04:03 PM IST
CloudSEK said leaked API details can be exploited to gain personal details of users, like phone numbers and email addresses, and also to initiate unauthorised refunds. Mobile applications of companies like Isha Foundation, Zify and Ruptok named in the report.
- Aug 19, 2021 03:20 PM IST
With the ongoing COVID-19 pandemic having completely transformed our income and spending patterns, liquidity situations, and strengthening our digital payment habits, the Indian fintech sector garnered investments worth 1,402.8 billion just in the first half of 2021.
- Aug 11, 2021 10:28 PM IST
WazirX in a statement said the influx of cheaper and faster internet clubbed with continuously-lowered smartphone prices have led to rapid internet penetration in the semi-urban cities and rural towns of India.
- Aug 08, 2021 10:11 PM IST
Razorpay co-founder Shashank Kumar discusses his love for books and books that helped him build Razorpay, among other things
- Jul 19, 2021 10:00 AM IST
TERA Finlabs is an Indian subsidiary of UK-based digital lender, GAIN Credit.
- Apr 19, 2021 03:45 PM IST
The funding boom continues for the Indian startup ecosystem. Digital payments and business banking platform Razorpay said it has raised $160 million in its Series E round of funding, at a valuation of $3 billion, barely six months after it raised funding that valued it at a billion dollar, underlining the huge funding interest in the current environment. In an interview with Moneycontrol's Chandra R Srikanth, Razorpay co-founder and CEO Harshil Mathur said the money will be used to expand its digital payments business in South East Asia, make acquisitions and build out its neo banking platform, with plans to hire over 600 employees. The round was co-led by its existing investors GIC and Sequoia India, with Ribbit Capital, Matrix Partners, and Tiger Global also participating.
- Apr 19, 2021 07:18 AM IST
Razorpay will use the funding to take its digital payments offering to South East Asia, make acquisitions and build out its neo-banking platform.
- Feb 25, 2021 11:04 AM IST
If the funding goes through, this would be the fastest an Indian startup has increased valuation
- Feb 04, 2021 03:38 PM IST
The payments solutions provider — which has onboarded 7 lakh SMBs, startups and freelancers in the past 12 months — also plans to invest in strengthening security and fraud analytics infrastructure and building hyperlocal solutions.
- Jan 12, 2021 07:39 PM IST
While COVID-19 caused digital payment volumes to decline by more than 30 percent in the first half of 2020, in the months between September and December, the volumes jumped 40 to 45 percent.
- Dec 18, 2020 10:10 PM IST
RazorpayX (its neo-banking platform) has partnered with Plum and ICICI Lombard and will offer health insurance to companies with teams as small as two employees.
- Oct 12, 2020 12:25 PM IST
This round values Razorpay at over $1 billion, making it the sixth Indian company to hit unicorn status this year – despite an overall subdued environment due to the COVID-19 pandemic
- Apr 24, 2020 08:32 PM IST
Razorpay data shows that sectors like entertainment, bill payments have gone up while travel, real estate transactions are down more than 80 percent.
- Jan 21, 2020 08:36 PM IST
Digital transactions in Delhi NCR grew by 235 percent from 2018 (Jan-Dec) to 2019 (Jan-Dec).