Page 11 - Ajinkya Kawale

Paytm Payments Bank appoints ex-IDBI Bank executive Arun Bansal as new CEO

Reserve Bank of India (RBI) had approved Bansal's appointment as the MD and CEO of the payments bank, he communicated on June 20 to IDBI Bank

Cash continues to rule small-sized transactions less than Rs 500: Survey

Use of credit rises with increase in transaction value

'We do not worry about (UPI) market share', says Amazon Pay India CEO

When asked if the regulator has been asking them to increase market share, Bansal said the need is to focus on growing the Unified Payments Interface (UPI) ecosystem

MobiKwik wallet numbers rise as banking players go through downturn

Among the non-bank players, MobiKwik had about 134.1 million wallets in January, which rose 2 per cent to 136.8 million in May, ranking the company second in terms of wallet numbers

HC orders social media platforms to ban accounts misusing Razorpay's name

The Delhi High Court's order includes measures such as suspension of access to domain names operated by unknown entities involved in these scams

Banks should be prepared for providing credit through UPI: Zeta CEO APAC

We believe that the UPI transaction volume, using one or another form of credit, would be $1 trillion by the end of 2030, she says

We could have done better, no secret about it: Paytm's Vijay Shekhar Sharma

In January this year, the banking regulator placed crippling restrictions on Paytm Payments Bank citing persistent non-compliance at the bank

Fintech funding down 59% to $795 million in H1 2024: Tracxn report

But India's fintech funding market continued to remain amongst the top three globally

Airtel PB records 49% dip in wallet numbers despite Paytm PB's downturn

The company however has registered a steady increase in transaction volumes

BBPS-credit card activation: Banks expect 3-4 weeks' leeway for integration

IBA liaising with regulator; issuers put in place systems to go live on BBPS

Paytm management-auditor tussle paves way for financial transparency

The Standard on Auditing (SA) 570 requires the auditor to obtain sufficient appropriate audit evidence that a company is a going concern and will continue its operations for the foreseeable future

Eyes on dark web: How Indian firms can protect their data from cyberthieves

To mitigate risks from dark web, organisations should implement cybersecurity monitoring that includes preparation, detection, analysis, containment, eradication, recovery, and post-activity measures

Crypto exchange platform CoinDCX acquires MENA region's BitOasis

This comes nearly ten months after CoinDCX invested in the company, marking one of its earliest investments in the MENA region

Home-grown cryptocurrency companies call for multi-agency regulation

Industry warns of complex, time-consuming legislation through a single regulator before 2025

Zomato withdraws NBFC application, says no plans to pursue lending

It comes at a time when the company was reportedly in talks with multiple NBFCs to offer working capital loans to its partner restaurants

RBI, four Asean countries tie up for cross-border payments platform

Project Nexus is aimed at making retail cross-border payments efficient, faster and cost-effective, the RBI release said

Now, users can't make credit card repayments on third party apps

Many players said they will pause credit card payment for banks that have not gone live

Travel credit card fintech records 30% rise in travel bookings this summer

Women solo travellers grew at the rate of 47%, whereas solo travellers who were men grew 39%

PayU's LazyPay partners with Blinkit to offer customers with credit line

The latest partnership will provide the Zomato-led quick commerce platform's customers with a credit line, at no additional cost to merchants

Flipkart group launches super.money to re-enter India's fintech space

Apart from payments on Unified Payments Interface (UPI), the platform will offer services such as credit, deposit, credit card, among others