Page 31 - Fintech

BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid

Fintech unicorn Razorpay to hire 650 employees in next 10 months in India

The firm announced plans to hire 650 employees across technology, product and business teams in the next 10 months

Paytm eyes Rs 3,000 cr enterprise bill payment transactions by FY21-end

Paytm on Monday announced that its Enterprise Bill Payment System (EBPS), a part of Paytm Payouts, is expected to cross Rs 3,000 crore in transactions by FY21-end

Razorpay posts 3-fold growth in payment volume, eyes 5 mn new businesses

Razorpay plans to invest heavily in strengthening the security and fraud analytics infrastructure

World Bank's IFC to invest $45 million equity in upGrad Education

upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021

Fraud in fintech being fought with regulatory tech

It has been estimated that more than 1,200 lending apps are active in India. While some have been shut down or removed from Google or Apple platforms, others can pop up with frightening speed

Instamojo onboards more than 50% new recruits from Tier 2 and 3 towns

The fintech firm announced work from home as a permanent feature in the days ahead. The recent hiring cycle saw new hires from Tier II and III towns such as Krishnagiri, Kolar, Dehradun and Sitapur

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

RBI working committee in favour of setting up NPCI-type agency for fintechs

RBI panel favours new structure for better supervision

UK SME fintech platform Tide announces plans to expand into India

Tide on Monday announced its first plans for a test launch in India in the first quarter of 2021, followed by a wider rollout later in the year, as part of its international expansion plans

The new playbook: RBI steps in to stem the nexus between banks and fintechs

With the RBI red-flagging mushrooming of digital apps, the tango between banks and fintechs may be in for a big change, report Hamsini Karthik and Raghu Mohan

Google removes personal loan apps violating user safety policies

Google said it has reviewed hundreds of personal loan apps in India that were flagged by users and government agencies

Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum

KUWY is an Automotive FinTech Company, powering Instant Lending across Point of Sale

Data of 100 million credit, debit cardholders leaked on Dark Web

Breach after attack on Bengaluru-based fintech service provider Juspay's server

Digital dangers

Unauthorised lending apps must be stopped

E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom

Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months

Borrow from RBI-registered lending apps to avoid unscrupulous operators

Digital Lenders' Association of India (DLAI) has come out with a few guidelines

SBI Life acquires 9% stake in Paisalo Digital for Rs 186.20 cr

SBI Life Insurance Company on Thursday said it has acquired nearly 9 per cent stake in non-banking finance company Paisalo Digital

China could restrict bank tie-ups with fintech platforms, official suggests

China's regulators last month warned the country's tech giants that they face closer scrutiny

Razorpay eyes $50 billion digital payment volume by December 2021

Fintech major Razorpay also launched new products