Page 17 - Ajinkya Kawale

WazirX parent verifies platform assets, liabilities before creditor voting

The independent assessors (IA) verified the existence, control, and quantity of the platform assets

DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid

This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry

Union Cabinet approves Rs 1,500 cr scheme to boost low-value BHIM-UPI txns

This is the first time the Centre has defined small and large merchants in the context of outlining BHIM-UPI incentives

NPCI's international arm partners with Singapore firm to expand UPI

UPI services will be expanded to more than 12,000 merchants in Singapore

Razorpay targets 1.5 lakh exporters on Amazon's Global Selling Platform

Since December last year, Indian merchants part of Amazon's Global Selling programme have been able to collect their global payouts using the company's offering for international bank transfers

Paytm Money receives Sebi approval to offer research analyst services

Paytm's share price rose 7.79 per cent, closing at Rs 742.45 on Tuesday on the Bombay Stock Exchange

WazirX partners with Zodia Custody as custodian ahead of creditor voting

The announcement comes at a time when creditors are tentatively scheduled to vote on the asset redistribution scheme between March 19 and 28

Documented fraud: How fake websites are scamming people worldwide

Since 2021, they have created 167,391 fake documents by creating websites that mimic common service centres (CSC), according to cybersecurity firm CloudSEK

Navi Mumbai Airport inauguration set for June after revised timeline

Adani Group Chairman Gautam Adani visited the NMIAL site on Sunday to review the progress of the project

Financial services adoption increases with more women participation

The survey was conducted across 10,000 agents in the country, recording financial transactions of women consumers

Flipkart-backed super.money joins top five UPI apps club: NPCI data

The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month

AA ecosystem consent processing up 78% in FY25, shows Sahamati data

The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021

India must adopt frugal innovation in AI like DeepSeek: Mohandas Pai

Pai highlighted that Indian companies should focus on developing vertical large language models (LLMs) for domains like financial services, healthcare, and high-tech manufacturing

Townhouse, Sunday brands bring 50% of Oyo's business: Ritesh Agarwal

He added that the reason for adding premium offerings to the company's suite of services was to improve its bottom line and stay relevant in the market

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

Namma Yatri drivers are also early pilots for unified lending interface

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency

Neobanking startup Zolve secures $251 million funding in equity, debt mix

The company has about 750,000 users and was launched in 2021

Paytm amends ESOP policy, expands pool with grant of 109,995 stock options

Other amendments included modifying the vesting schedule for future grants from the previous five-year limit to a range of one to five years from the grant date

Perfios acquires debt recovery platform, second acquisition in a month

The inorganic push comes as the company plans to complete its value chain in financial offerings in the business-to-business (B2B) sector from underwriting to debt recovery

WazirX awaits creditors' approval for redistribution scheme: Founder

Needs approval of at least 50% of creditors by volume, and 75% by value