Fintech

Airtel Finance Introduces Fixed Deposits At 9.1% Interest RatesAirtel Finance launched fixed deposits with a 9.1% interest rate on its digital platform via a collaboration with small finance banks and NBFCs.

Pine Labs Reportedly Wants To Go Public At $6B Valuation, Almost Double Paytm's Size

Jio Financial Services Launches JioFinance App In Beta Version

Airtel Finance Introduces Fixed Deposits At 9.1% Interest Rates

Pine Labs Reportedly Wants To Go Public At $6B Valuation, Almost Double Paytm's Size

Jio Financial Services Launches JioFinance App In Beta Version

Future Finance

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Flipkart's UPI Handle Records Over 5 Mn Transactions In March

|Industry insiders are forecasting that Flipkart's UPI usage will likely surpass that of Amazon Pay UPI in the long run.https://in.benzinga.com/content/38329032/reliance-owned-small-cap-stock-rocketing-after-q4-brokerage-raises-target-price

This Fintech Company Is Helping Small Businesses Fix Their Short-Term Cash Flow Needs

|VoloFin offers invoice financing and supply chain solutions to SMEs in Singapore and India. CEO Roshan Shah talks about the company's growth and impact in an interview.

Aditya Birla Capital's Super App Is Set To Shake Up Fintech: Here's Why

|Aditya Birla Capital's super app is currently undergoing testing within a closed user group, aims to provide a broad spectrum of financial services on a singular digital platform.

Ashneer Grover Makes A Comeback To Fintech After BharatPe Fiasco, Launches App For Medical Loans

|Ashneer Grover, founder of BharatPe, is launching a new app for medical loans, in collaboration with NBFC Mukut Finvest.

PhonePe, Paytm Could Soon Try Out Audio Ads On Their Sound Box Devices

|With an estimated 10-12 million sound boxes dotting the Indian retail landscape, fintech giants are eyeing an opportunity to turn these transactional devices into miniature broadcast stations.

ONDC Brings Delhi, Lucknow's Street Food Vendors Into the Digital Fold In Pilot Project

|This initiative aims to integrate 500 street food vendors within the next couple of months into the digital marketplace, marking a significant stride towards national expansion across various seller and buyer platforms.

What Paytm Payments Bank Users Need To Know Before March 15?

|March 15 marks a turning point for Paytm Payments Bank account holders, as certain services like deposit acceptance and credit transactions will be halted due to RBI restrictions.

Paytm Payments Bank Leads In Customer Complaint Among Payments Banks

|With a staggering 3,513 grievances, Paytm accounted for over 62% of the total 5,623 complaints directed at all payment banks.

Are Google And Walmart Benefitting From Paytm's Regulatory Woes?

|Data from the National Payments Council of India revealed a 14% drop in Paytm's transaction value on the country's Unified Payments Interface (UPI) to ₹1.65 lakh crore ($19.9 billion) from January.

NIPL And Eurobank Collaborate To Enable UPI Remittances From Greece

|The collaboration will enable the two entities to manage fund settlement, reconciliation, and dispute resolutions within their respective jurisdictions

Amazon Pay Joins The Fintech Big Leagues: Receives Payment Aggregator Licence In India

|Beyond the PA licence, Amazon Pay also possesses a Prepaid Payment Instruments (PPI) licence, which allows it to offer wallet services like Amazon Pay balance: Money, in compliance with RBI regulations.

RBI Rolls Out Key Updates For Paytm UPI Handles: Here's What You Need To Know

|RBI announced steps for Paytm UPI customers. No new deposits in accounts/wallets after March 15, 2024. Other banking options advised for users.

Paytm's Regulatory Hurdles Push Google Pay To Expand SoundPod Service Nationally

|In the background of Paytm addressing merchant transaction issues and adjusting virtual payment address settings, Google Pay's move to expand its SoundPod service signifies a strategic step in enhancing payment experiences for small merchants across India.

PhonePe Launches Appstore To Challenge Google Play's Dominance In India: Here's Why

|The Indus Appstore is part of PhonePe's expanding ecosystem, which already includes the 'Switch' platform, offering app-like experiences in various categories, and competes with Paytm's mini app store.

'The Front Page Can Be Bought, Trust Cannot': PineLabs Takes Potshot At Paytm's Ad

|Pine Labs' counter-ad on X (formerly known as Twitter) subtly hints at the trustworthiness of information, with a tagline that reads, ‘The front page can be bought. Trust cannot.'

Zerodha CEO Exposes New Phishing Scams Mimicking Indian Brokers

|Kamath emphasizes that such scams prey on emotional vulnerabilities, such as greed or fear, and urges the public not to make hasty decisions.

Paytm Shares Continue Recovery, Stock Hits Upper Circuit

|Shares of Paytm continued to recover for the second straight session on Wednesday as the stock surged up over 10% to hit the upper circuit.

Paytm Share Price Can't Move More Than 10% From Monday As Stock Exchanges Change Limit

|In the aftermath of a $2 billion rout, the daily trading limits for fintech company Paytm have been cut down from 20% to 10% by the stock exchanges.

RBI's Clampdown On Paytm Payments Bank Has Indian Fintech Leaders Riled: Here's What They're Saying

|Amidst these reactions, Paytm's parent company, One97 Communications, anticipates a substantial hit of ₹300-500 crore on its EBITDA due to the RBI's crackdown.

RBI Imposes Strict Restrictions On Paytm Payments Bank, Halts New Deposits And Credit Transactions

|The RBI's decision stems from a Comprehensive System Audit report and subsequent reviews by external auditors.

Flipkart Is Planning To Launch A New UPI-Based Payment Solution: What's Cooking?

|Flipkart expects its upcoming UPI platform, developed after spinning off its former payment arm PhonePe, to streamline the checkout process for customers.

UPI Goes International: Google India And NPCI Sign MoU For Global Expansion

|This move aligns with NPCI's goal to strengthen India's stature in the global digital payment arena and simplify remittances by reducing reliance on traditional money transfer methods.

Update FASTag KYC Before Deadline Or Risk Deactivation, Warns NHAI: Here's How To Check

|Users must ensure their latest FASTag is KYC-compliant as per RBI guidelines. This is crucial to avoid inconvenience post the January 2024 deadline.

RBI Unveils Draft Framework For Fintech Self-Regulation: Here's Why It Matters

|Despite the fintech industry's struggle to form a united SRO, discussions about self-regulation began in early 2023 and gained momentum in October 2023, following an RBI press briefing.

Tata Payments Secures RBI Payment Aggregator License: Here's Why It's A Major Win For The Conglomerate

|For Tata Payments, this license is a game-changer, potentially reducing its reliance on external PA partners who command high service charges for payment collections.

NPCI Will Deactivate Certain UPI IDs After December 31: Here's What We Know

|Customers with deactivated UPI IDs and numbers will need to re-register in their UPI apps to reactivate their accounts.

RuPay, BHIM-UPI Set For Major Boost With ₹5,016 Cr Infusion From Finance Ministry

|Despite the massive growth in UPI transactions, RuPay has seen a decline in volume, prompting the Ministry to revise the scheme and introduce new features like UPI Lite and UPI LiteX for low-connectivity areas.