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Fintech Recent News

UPI ATM A Problem For Credit Card Companies? 'Dazzled' Anand Mahindra Thinks So
|Mahindra's awe was palpable as he marvelled at the pace of India's shift towards consumer-centric digital financial services, hinting at a potential wake-up call for credit card companies.
You Could Soon Ask Siri To Make UPI Payments Says RBI: Details Here
|Behind the scenes, the National Payments Corporation of India (NPCI) is gearing up to roll out guidelines for this chat-friendly payment mode.
Paytm Shares Skyrocket As Vijay Shekhar Sharma Ramps Up His Stake
|The deal strips Antfin of its status as Paytm's largest shareholder. Furthermore, there is no representative of Antfin on Paytm's board.
Why Paytm Share Price Is Rocketing Today
|Paytm also reported an increase in average monthly transacting users (MTU), rising 19% from the previous year to reach 9.3 crore in July.
Paytm Launches Two New Versions Of The 'Soundbox' To Lure More Types Of Vendors
|Paytm continues to lead in-store payments with over 79 lakh merchants subscribing to their payment devices.
Adani Adds Co-Branded Cards To Offerings For 400M Airport Commuters Across India
|The collaboration will offer Visa access to customers at Adani's airports, as well as those using the online travel platform Cleartrip and train booking service Adani One.
Why Paytm Share Price Is On The Up Today
|Following the promising growth in business metrics, most brokerages have revised their target price for Paytm stock.
UPI Set for Tenfold Boom, Says NPCI Chief: Targets 1B Daily Transactions
|UPI's expansion continues, with recent launches in Singapore and France, and forthcoming entries into North America and the Middle East.
Why Are Paytm Shares Jumping Today?
|Numbers went up across the board for the fintech firm, with average monthly transacting customers reaching 9.2 crore users, up 23% from a year ago.
How Paytm's Alliance With Shriram Finance Aims To Boost Financial Inclusion In India
|Paytm's extensive reach and technological framework will integrate with Shriram Finance's loan expertise and significant rural footprint in India.
SoftBank Looks To Cash In On Paytm, Zomato Rally Via Stake Sale
|SoftBank reportedly plans to sell shares of Paytm parent One97 Communications and food aggregator Zomato gradually in smaller tranches on the open market rather than through a block deal.
Amazon Pay Banks On Mobile Wallets To Make A Dent In India's Consumer Payments Sector
|Amazon plans to encourage its wallet customers to use the app more frequently for daily transactions and is exploring steps to reduce clicks in accessing the payments homepage.
PhonePe Launches Payment Gateway With Zero Signup Fees: Should MSMEs Be Lured?
|PhonePe assures merchants that its payment gateway is reliable, promises uninterrupted service, and boasts industry-leading success rates.
NPCI, AI4Bharat To Enable Voice-Based Payments For Feature Phones: What You Need To Know
|For feature phone users, this technology can bring the benefits of innovative platforms like Unified Payments Interface (UPI) closer.
Cred's Decline in Average Transaction Value Signals Potential Trouble
|Although more than 95% of credit card bill payments on Cred are made through UPI, the drop in Cred's average transaction value suggests customers may be leaving or using the app less frequently.
Swedish Lender Picks TCS To Aid In 'Bank Of The Future' Transformation
|BaNCS is TCS' core banking software cloud-native platform that helps financial institutions in structuring and delivering services to customers.
Dream 11, MakeMyTrip To Head Internet Body As Big Tech Booted Out
|The elections come amid discontent among Indian entrepreneurs over how much control Big Tech had over Indian internet policy and disagreements with Google over its Play Store and billing policies
Vijay Shekhar Sharma To Continue As Paytm Bank's Part-Time Chairman
|Sharma's third term begins on May 23, according to a regulatory filing by Paytm's parent company, One97 Communications.
Paytm's New Software Kit Enables In-App UPI Transactions For Merchants
|Customers can now pay directly from their bank accounts by inputting their UPI PIN, all without leaving the merchant's application, states Paytm in a press release.
Paytm, SBI And NPCI Team Up To Launch New Cashback-Heavy Credit Card On The Rupay Network
|New customers joining the service can access benefits worth up to ₹75,000, along with a complimentary Paytm First Membership that offers memberships to OTT platforms, and discounts on flight tickets via the Paytm app.
Zomato Unveils UPI Payment Service, Flipkart Next In Line
|The move by Zomato and Flipkart is aimed at improving customer service through their proprietary UPI offerings.
UPI-Related Frauds Dominate Digital Payments Landscape In India, Report Finds
|The data reveals that most UPI-related frauds involve small amounts. Around 50% of these transactions are for less than ₹10,000, while 48% of these fall between ₹10,000 and ₹1,00,000. Only 2% exceed ₹1,00,000.
PhonePe Eyeing Indian IPO? Walmart CEO Hints At Possibility Amid Growth Praise
|PhonePe's domicile in India strongly suggests the likelihood of a domestic listing when the time is appropriate for the company to go public, the CEO said.