Page 30 - Ajinkya Kawale

50 new payment apps keen on joining UPI despite zero MDR: NPCI MD & CEO

At present, most UPI debit transactions continue to remain free, with payment-processing expenses borne by fintechs and banks

Funding to Indian fintech rises 66%, number of rounds decline by 25%

On a quarter-on-quarter basis, funding to the fintech sector more than doubled from $293 million in Q2CY24

India's gaming sector to double topline in 4 years despite funding slowdown

Companies in the social and casual gaming sector earned Rs 13,800 crore in 2023 and are expected to reach Rs 36,600 crore in topline in the next five years

Cred launches new features as it expands financial services products

The launch of new features comes as the Bengaluru-based firm looks to expand its suite of financial products for its user base pegged at 14 million

Navi climbs UPI leaderboard for second consecutive time, now fifth largest

This growth follows the company's announcement in April that it would roll out cashbacks and rewards for customers using its UPI service

Collateral anchor: Fintech companies steer towards secured lending

This comes after RBI raised risk weights on unsecured personal loans

IAF plane makes inaugural landing at upcoming Navi Mumbai airport

NMIAL will be the second airport to serve the Mumbai Metropolitan Region and will have a capacity of handling 20 million passengers in the first two phases of operations

UPI volume up 52% in H1CY24, transaction value rises 40%: Report

A decreasing average ticket size of transactions on the payments system indicates that it is increasingly being used to conduct small-value transactions

Spending Boost: Soon, pay up to Rs 1,000 without entering PIN on UPI Lite

The daily transactions on UPI crossed 501 million in September, the highest ever since UPI turned operational

Paytm Money launches BSE F&O trading to expand wealth management services

The platform will enable users to trade both NSE and BSE F&O contracts in one app.

WazirX creditors quiz founder, legal team on firm restructuring in townhall

Investors raised their concerns about losing out on a potential bull run in Bitcoin prices in the next six months

'Out of turn' request: RBI seeks loan disbursement data from P2P companies

Norms tightened after flagging regulatory violations by some lending platforms

Paytm appoints DS Rathore as CTO, outgoing executive named 'AI Fellow'

The Noida-based company's outgoing CTO Manmeet Singh Dhody has been 'transitioned' to a new role as AI (artificial intelligence) fellow of the fintech major

Tier II, smaller cities consuming over 80% credit: Google Pay exec

At 10th edition of Google for India, fintech major announced credit partnerships with two lenders: Aditya Birla Finance Limited for unsecured loans and Muthoot Finance for gold-backed secured credit

Since the year pandemic hit, average daily UPI transactions up over 8x

In September 2024 alone, UPI processed 15.04 billion transactions, valued at Rs 20.64 trillion

NBBL introduces national pension system on Bharat Connect platform

With this partnership, individual investors will be able to contribute to existing NPS accounts with the help of Bharat Connect-enabled platforms

Rediff.com appoints Vishal Mehta as chairman and managing director

Mehta is also the chairman and managing director at Infibeam Avenues

BharatPe settles longstanding dispute with former co-founder Ashneer Grover

Grover will neither be associated with BharatPe nor be a part of its shareholding

Fintech firm Cred's revenue rises 66%, losses decline to Rs 609 crore

The Bengaluru-based company reported a 66 per cent increase in revenue to Rs 2,473 crore in FY24 from Rs 1,484.6 crore in the previous year

Smart plans and rising use-cases drive small UPI companies' growth

Smaller players on the UPI leaderboard, such as Navi, Groww, and MobiKwik, have shown remarkable year-on-year (Y-o-Y) growth