Page 3 - Indian Fintech
Possible to have different SROs for fintech sectors: Industry players
A primary responsibility of these SROs would be to safeguard fintech consumers by overseeing privacy, disclosure, and recovery practices
 "Possible to have different SROs for fintech sectors: Industry players")
Delhi High Court's Paypal order to impact fintech compliance costs
US-based PayPal and other payment operators in India will face increased regulatory costs due to the recent Delhi High Court ruling on compliance with the Prevention of Money Laundering Act
 "Delhi High Court's Paypal order to impact fintech compliance costs")
Paytm cashbacks are back! Details here | How to get cashback?
Paytm is back with its lucrative cashback offers! According to a report, the fintech giant wants to onboard as many merchants as possible.
 "Paytm cashbacks are back! Details here | How to get cashback?")
As govt tightens regulations, fintech firms search for legal experts
Industry experts said fintech firms are looking for senior professionals adept at handling legal and compliance-related issues to support their operations
 "As govt tightens regulations, fintech firms search for legal experts")
IFSCA committee to explore ways to bring home Indian start-ups
The terms of reference for the committee include measures required to encourage the Indian fintech and startups domiciled abroad to relocate to GIFT IFSC
 "IFSCA committee to explore ways to bring home Indian start-ups")
Funding woes remain for Indian fintechs despite revival of big bets
Investments among fintech start-ups in India saw a decline of 47% YoY in 2022 at $5.65 billion, compared to $10.7 billion the previous year
 "Funding woes remain for Indian fintechs despite revival of big bets")
Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobs
Fintech platform PayMe on Thursday said it will invest Rs 200 crore in Uttar Pradesh to create 2,000 jobs in the area, focusing on training and developing skilled resources in the fintech space.
 "Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobs")
Indian fintech start-up funding fell 47% in 2022, says Tracxn report
Growth in the space was expected to continue in the long run, propelled by a large unbanked population
 "Indian fintech start-up funding fell 47% in 2022, says Tracxn report")
BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm
Fintech platform BharatPe said it has initiated criminal and civil proceedings against its former Co-Founder, Ashneer Grover and his wife Madhuri Jain Grover over misappropriation of company funds
 "BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm")
KreditBee raises $80 million in Series D from Premji Invest, others
The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months
 "KreditBee raises $80 million in Series D from Premji Invest, others")
Paytm stock crashes 11% to end at all-time low of Rs 477 a share
Macquarie report says the fintech firm could face headwinds with the entry of Jio Financial Services, which may focus on consumer and merchant lending, the mainstay of Paytm's business
 "Paytm stock crashes 11% to end at all-time low of Rs 477 a share")
What does Nobel laureate Douglas Diamond think of dominance of PSBs?
Business Standard's Veenu Sandhu & Manojit Saha speaks to Prof Douglas Diamond, who won the 2022 Nobel Prize in Economics, on how banks can brace themselves amidst concerns of a recession and more
 "What does Nobel laureate Douglas Diamond think of dominance of PSBs?")
8i Ventures announces first close of second investment fund worth $50 mn
Early-stage venture capital company says fintech 'single largest opportunity in India'
 "8i Ventures announces first close of second investment fund worth $50 mn")
PhonePe in talks to raise $700 million at $12 billion valuation
Digital payments firm seeking investors' support to scale up operations and compete with rivals
 "PhonePe in talks to raise $700 million at $12 billion valuation")
Red signals for fintech industry: The valuations game of the past is over
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
India's fintech market to reach $1 trillion by 2030: Chief Economic Advisor
India's fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, Chief Economic Advisor Dr V. Anantha Nageswaran said here on Tuesday.
 "India's fintech market to reach $1 trillion by 2030: Chief Economic Advisor")
BharatPe hits $20 bn in annualised TPV, leaves Ashneer Grover saga behind
Fintech platform BharatPe said it has reached an all-time high of $20 billion in annualised total payments value, expanding its footprint to 400 towns and cities, as it leaves the Ashneer saga behind
 "BharatPe hits $20 bn in annualised TPV, leaves Ashneer Grover saga behind")
At $29 bn, Indian fintech sector now has 14% global funding share: Report
India's CAGR in the fintech sector grew by 20 per cent, which was higher than that of the US, the UK, and China which witnessed a growth of 16 per cent, 15 per cent, and 10 per cent, respectively
 "At $29 bn, Indian fintech sector now has 14% global funding share: Report")
Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report
Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030
 "Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report")
BharatPe sees more high-profile exits as Nathani resigns after Grover
After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned
 "BharatPe sees more high-profile exits as Nathani resigns after Grover")