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PayU to acquire PaySense for $185 mn, merge it with LazyPay
Sun, Jan 12, 2020
Fintech company PayU is set to acquire a controlling stake in PaySense and all its assets at a valuation of $185 million. It has also announced plans to merge its growing digital credit platforms LazyPay and PaySense.
Budget 2019 expectations: LenDenClub CEO on what fintech sector wants
Tue, Jul 02, 2019
Budget 2019 expectations: Bhavin Patel, LenDenClub CEO on what fintech sector wants.
India's CreditVidya finds a place in Inclusive Fintech 50 list
Tue, Jun 18, 2019
CreditVidya, India’s leading big data-based credit assessment firm, has been included in the Inclusive Fintech 50, a list of the world’s top early-stage fintech firms driving financial inclusion.
PayNearby crosses daily 1 million transactions mark
Mon, Jun 03, 2019
Digitalisation in India is growing in full pace after introduction of various fintech platforms. Both sellers and buyers find it easier to do a transaction that involves no cash and is convenient to use.
Fintech market in India to touch $31 billion in 2020, says Niti Aayog CEO Amitabh Kant
Thu, May 30, 2019
India is the only country in the world with over a billion mobile connections and biometrics, providing enough scope for penetration of fintech technology.
How instant loans have become popular among borrowers
Thu, May 09, 2019
In fact just like personal loan, the instant loan also have tenures of upto 5 years giving enough breather to borrowers in repaying their debt.
BookMyShow invests in fintech firm AtomX
Tue, Apr 16, 2019
The investment, details of which were not disclosed, will allow BMS to seamlessly enable AtomX's cashless payments platform and solutions on Near Field Communication (NFC)-powered cards.
Explained: How fintech firms are able to disburse loans within 24 to 48 hours
Mon, Apr 08, 2019
Fintech firms have become a major booster to citizens who are in need of financial aid. The time period to actually disburse loan is just between 24 hours to 48 hours post acceptance.
Fintech sector needs regulatory framework to secure interests of consumers: Shaktikanta Das
Mon, Mar 25, 2019
Shaktikanta Das said that India stands at the second place in the world in accepting Fintech, as this sector has created lots of job opportunity, adding that in the past five years e-payments has witnessed a nine-fold growth.
Gamechanger! How fintech firms are disrupting traditional banking and financial services space
Tue, Feb 05, 2019
Fintech is disrupting the traditional banking and financial services space with innovations backed by robust technology and nimble execution capabilities.
Healthcare Fintech Platform 'AffordPlan' Registers Annual Growth of 300 Percent in Maternity Patient Base
Fri, Jan 18, 2019
The fintech platform has received an overwhelming response from the hospitals and patients because of the unique nature of the product and services as it brings down the overall cost (including out-of-pocket expenses) of treatments by as much as 15-20 percent.
Fintech Start-up NIRA raises $1 million seed funding to drive initial business growth
Wed, Oct 31, 2018
Co-founded by ex-Goldman Sachs colleagues Rohit Sen and Nupur Gupta, the fintech start-up promotes financial inclusion by helping people get access to credit in the sizes they need and can afford.
India moves toward Blockchain Technology; Here's how it will revolutionize banking system
Sat, Jun 30, 2018
Ever since the Finance Minister mentioned blockchain technology in his budget speech, the distributed ledger technology has found its way into mainstream attention and prominence.
India added over 1,000 new tech start-ups in 2017 to become third largest ecosystem
Thu, Nov 02, 2017
Growing at 5-year CAGR of 30%, advanced tech start-ups focused on creating solutions in segments like Artificial Intelligence, Analytics, Augmented Reality or Virtual reality
India's fintech sector rises to 72 start-ups in last 3 years
Sat, Apr 15, 2017
The fintech start-ups in India received funding of about $175 million in 2014 and grew to $2 billion in 2015, which was buoyed by mega-rounds to Paytm.
Bought for Rs 10 crore, Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore
Tue, Mar 07, 2017
Reliance Capital has sold its nearly 1 % stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
Bitcoin: Can RBI ignore the elephant in the room?
Fri, Mar 03, 2017
On March 1, RBI Deputy Governor R. Gandhi raised concerns over virtual currencies.
Risk comes with innovative technology, cautions R Gandhi
Wed, Mar 01, 2017
With the country aiming to push the financial technologies, R Gandhi, Deputy Governor, Reserve Bank of India, gave a reality check at a FICCI conference in Mumbai on Wednesday.
Less than 2% startups reach the coveted 'unicorn' status
Fri, Feb 24, 2017
What is more interesting is that till now the e-commerce or marketplace start-ups have been the most successful in entering into the unicorn club.
Airtel acquires stake in fintech Startup Seynse
Wed, Feb 22, 2017
Bharti Airtel on Wednesday announced the acquiring of equity stake in financial technology startup – Seynse through its subsidiary Bharti Airtel Services.