Top Section
Explore Business Standard
Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
 "Ajinkya Kawale")
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively
This is the first step in the company's foray into consumer facing businesses
Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion
These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday
NPCI is looking to go live with UPI in geographies relevant to Indian tourists, such as Qatar, Thailand, and the broader Southeast Asian region
Insufficient understanding of the technology among challenges for Indian companies, it says
The apex payments body has cautioned citizens to identify such scams based on themes such as unexpected calls from alleged government officials
Yet UPI is the most preferred mode of financial transactions in such regions
RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms
Fintech has become sixth-largest UPI app, processing over 78 million transactions in November
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
The company works with over 300 brands in India, including Asian Paints, Varun Beverages, Parle Products, Honda, and Shree Cement, among others
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
In October, the company was the 12th-largest player on UPI
Companies offer up to 9.5% interest rate per annum on fixed deposits
AI models help financial institutions in understanding delinquencies and speed up disbursements
The transaction is expected to close this month subject to approvals. The sale is expected to strengthen the parent company's cash reserves
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
The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges
BharatPe Shield covers risks such as computer fraud, phishg attacks, and unauthorised transactions caused by phone loss
