Page 26 - Ajinkya Kawale

B2B payments firm Infibeam Avenues to roll out RediffPay after NPCI nod

This is the first step in the company's foray into consumer facing businesses

Number of UPI apps grows in 2024, yet top two command maximum market share

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

Indian technology startup scene in 2024: More unicorns, more exits

Technology startups raised $11.3 billion, a six per cent increase from $10.7 billion raised in 2023

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain around 40%

These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday

Come 2025 and you may be able to use UPI in 6 more countries in the world

NPCI is looking to go live with UPI in geographies relevant to Indian tourists, such as Qatar, Thailand, and the broader Southeast Asian region

Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte

Insufficient understanding of the technology among challenges for Indian companies, it says

NPCI cautions users against digital frauds, highlights 'common tricks'

The apex payments body has cautioned citizens to identify such scams based on themes such as unexpected calls from alleged government officials

About 4 out of 10 individuals in rural, semi-urban India prefer UPI: Report

Yet UPI is the most preferred mode of financial transactions in such regions

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report

RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms

Flipkart-backed super.money plans credit and wealth management push

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November

WazirX parent seeks court approval for creditors' meeting, recovery scheme

The meeting would enable the company to present a scheme of arrangement for the recovery of lost funds to its creditors and bring it to a vote, subject to the court's approval

Mintifi raises $180 mn in Series E from TVG, Prosus, and Premji Invest

The company works with over 300 brands in India, including Asian Paints, Varun Beverages, Parle Products, Honda, and Shree Cement, among others

Paytm shares increase threefold after non-core business divestment

The company is seeing signs of recovery, with monthly transacting users (MTUs) at 71 million at the end of the September quarter of this financial year

Flipkart-backed super.money jumps to sixth position in UPI volumes

In October, the company was the 12th-largest player on UPI

Fintechs go retro: Companies bet on fixed deposits to boost topline

Companies offer up to 9.5% interest rate per annum on fixed deposits

Fintech firms embrace AI for credit, payments, customer insights, more

AI models help financial institutions in understanding delinquencies and speed up disbursements

Paytm's Singapore unit to sell stake in Japan's PayPay for Rs 2,364 crore

The transaction is expected to close this month subject to approvals. The sale is expected to strengthen the parent company's cash reserves

MobiKwik cuts issue size for third time, sets price band at Rs 265-279

In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23

Paytm's wholly-owned Singapore unit approves stake sale in PayPay

The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges