Digital Payments

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

17 Mar 2025, 15:41 PM

As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

Indians lost Rs 107 crore to digital payment frauds during Apr-Dec period

12 Mar 2025, 14:38 PM

By the end of the financial year 2024, the total loss due to cyber fraud had reached Rs 177 crore, with 29,082 cases recorded across the country.

Insurtech company Go Digit buys stake in Dr. Reddy’s Lab for Rs 30 crore

Insurtech company Go Digit buys stake in Dr. Reddy’s Lab for Rs 30 crore

26 Feb 2025, 20:07 PM

The investment in shares is being made in the ordinary course of the investment function of the company, Go Digit said.

PowerUp Money to spin off from Uni Cards, raises $4.75 million

PowerUp Money to spin off from Uni Cards, raises $4.75 million

18 Feb 2025, 13:03 PM

This spin-off will allow PowerUp to focus entirely on wealth management, while Uni Cards continues to focus in the lending space.

RBI lifts ban on Kotak Mahindra Bank nearly after 10 months

RBI lifts ban on Kotak Mahindra Bank nearly after 10 months

13 Feb 2025, 19:16 PM

In April last year, the RBI restricted Kotak Mahindra Bank from onboarding new customers through online channels and issuing new credit cards.

FlexiLoans announces key appointments

FlexiLoans announces key appointments

27 Jan 2025, 23:08 PM

Appoints Hemant Saklecha as chief credit and risk officer and Pavan Matai as head of its supply chain finance vertical.

VuNet Systems raises Rs 60 crore in Series B led by Pravega Ventures

VuNet Systems raises Rs 60 crore in Series B led by Pravega Ventures

24 Jan 2025, 11:00 AM

The funding round also saw participation from Kotak Securities and existing investors.

Active loans in personal loan category declined in H1 FY25: CRIF-DLAI report

Active loans in personal loan category declined in H1 FY25: CRIF-DLAI report

20 Jan 2025, 22:34 PM

While the portfolio outstanding in PL category has grown Rs 12.1 lakh crore in H1 FY24 to Rs 13.7 lakh crore between April-September 2024 period.

Amazon to acquire digital lender Axio (Capital Float)

Amazon to acquire digital lender Axio (Capital Float)

16 Jan 2025, 21:53 PM

Once the acquisition receives regulatory approval, it will make Amazon the first big tech company in India to gain access to an NBFC license through Axio.

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

09 Jan 2025, 19:48 PM

The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.

Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

06 Jan 2025, 09:49 AM

This story delves into Stashfin’s business operations – which have largely remained out of the public and media spotlight, as the company prefers to keep things under wraps.

About 3 crore loans worth Rs 36,897 crore disbursed in Q2FY25: FACE

About 3 crore loans worth Rs 36,897 crore disbursed in Q2FY25: FACE

24 Dec 2024, 19:58 PM

As of September 2024, the total assets under management (AUM) reported by 28 FACE member companies stood at Rs 51,537 crore.

Razorpay extends ESOPs worth Rs 1 lakh to all employees

Razorpay extends ESOPs worth Rs 1 lakh to all employees

24 Dec 2024, 19:35 PM

The company, which marks its 10th anniversary, announced its first ESOP buyback in 2018, followed by a $75 million ESOP buyback in 2022.

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 17:48 PM

Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.

Exclusive: Adani inks deal with BharatPe

Exclusive: Adani inks deal with BharatPe

13 Dec 2024, 13:45 PM

BharatPe and Adani Group will deploy co-branded UPI QRs across all merchant outlets at Adani-owned Indian airports.

Digital lender CASHe reports 95% dip in FY24 profit

Digital lender CASHe reports 95% dip in FY24 profit

11 Dec 2024, 11:22 AM

CASHe’s total expenses increased by 22.4% to Rs 665.8 crore FY24, up from Rs 544.1 crore in FY23.

Razorpay partners MHA to boost cyber security around digital payments

Razorpay partners MHA to boost cyber security around digital payments

02 Dec 2024, 16:01 PM

Recent data from the National Cybercrime Reporting Portal reveals a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily...

After Flipkart, Binny Bansal steps down from PhonePe board

After Flipkart, Binny Bansal steps down from PhonePe board

30 Nov 2024, 13:56 PM

Bansal still owns about 1% of PhonePe and continues to be largest individual minority shareholder in the firm.

Innoviti ropes in Nish Kotecha to its advisory board

Innoviti ropes in Nish Kotecha to its advisory board

21 Nov 2024, 13:16 PM

Nish Kotecha will guide the digital payments company in its IPO planned in the next 12 months.

Fintech Hightlights

  1. Infibeam Avenues signs MoU with IISc Bangalore

  2. Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

  3. Supply chain financing startup Vayana gets NBFC licence; eyes fresh funding

  4. RBI invites applications for SRO in account aggregator space

  5. Indus Appstore to come pre-installed in all Xiaomi India devices
  6. Read more highlights...

Editor's Pick

  1. Strata, Avigna, and the Hosur mystery: Fundraising, family ties, and investor fallout

  2. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

  3. Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama