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During the quarter, the firm approved a proposal to change its corporate name to AvenuesAI Limited as part of its rebranding exercise
M N Srinivasu, co-founder and director, BillDesk has been re-appointed as the co-chairperson of the Payments Council of India.
As part of this Rs 800 crore 'related-party transaction' deal, Infibeam is also increasing its stake in Rediff to 82.7%.
The payment aggregator's Q4 FY25 revenue from operations increased year-over-year to Rs 1,160 crore, from Rs 716 crore in Q4FY24.
This license from NPCI enables RediffPay to offer Unified Payments Interface (UPI) services to its users.
Payment business accounted for 94% of its total revenues which stood at Rs 1,010 crore; whereas the e-commerce platform business' contributed Rs 60.3 crore.
The company's net profit after tax rose to Rs 47.47 crore, up 16.7% from Rs 40.69 crore earned in Q2 FY24.
