Paytm

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 15:26 PM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Razorpay plans to invest in 50 startups through its venture investment initiative

Razorpay plans to invest in 50 startups through its venture investment initiative

13 Nov 2024, 14:40 PM

The initiative, launched in partnership with Peak XV and Lightspeed, targets sectors like fintech, e-commerce, healthcare, and education.

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

12 Nov 2024, 22:10 PM

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.

Coinswitch

Coinswitch's parent sees dip in revenue from operations to Rs 38 crore

11 Nov 2024, 19:33 PM

Coinswitch parent PeepalCo's losses came down by 65% to Rs 151.4 crore ($18.13 million) in FY24 against Rs 434.2 crore in the previous year.

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

11 Nov 2024, 16:37 PM

The Bengaluru-based company is "piloting with half a dozen sizable merchants that will be over by the end of this year."

Juspay cuts losses to Rs 97.54 crore in FY24

Juspay cuts losses to Rs 97.54 crore in FY24

11 Nov 2024, 16:06 PM

Juspay earned Rs 287 crore in revenues from payment platform integration fees as compared to Rs 196 crore in FY23.

Policybazaar parent PB Fintech sees QoQ decline in net profit

Policybazaar parent PB Fintech sees QoQ decline in net profit

08 Nov 2024, 00:18 AM

The company posted a net profit of Rs 51 crore in the September quarter compared to Rs 60 crore profit recorded in the June quarter.

Airtel Payments Bank Q2 profit soars 45% to Rs 11.2 crore

Airtel Payments Bank Q2 profit soars 45% to Rs 11.2 crore

07 Nov 2024, 20:47 PM

The Gurugram-based company's revenue also saw a significant jump of 58%, rising to Rs 674 crore from Rs 427 crore in Q2 FY24.

Shreyas Srinivasan resigns as Paytm CPO following Insider sale to Zomato

Shreyas Srinivasan resigns as Paytm CPO following Insider sale to Zomato

06 Nov 2024, 15:03 PM

The sale of Insider.in helped Paytm post its first-ever net profit Rs 930 crore in the second quarter ended September 2024.

Cashfree reports Rs 135 crore in losses in FY24

Cashfree reports Rs 135 crore in losses in FY24

05 Nov 2024, 02:55 AM

The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.

Finova Capital raises $135 million in Series E

Finova Capital raises $135 million in Series E

05 Nov 2024, 02:49 AM

Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.

Razorpay reports 5x growth in net profit in FY24

Razorpay reports 5x growth in net profit in FY24

05 Nov 2024, 02:38 AM

The company posted profit after tax of Rs 34 crore in FY24 as compared to Rs 7 crore in FY23.

Former PayU exec’s startup raises $25.5 million in seed round

Former PayU exec’s startup raises $25.5 million in seed round

05 Nov 2024, 02:34 AM

The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.

Fintech Hightlights

  1. FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

  2. Perfios acquires health insurance tech firm IHX

  3. MobiKwik's Zaakpay gets final nod from RBI to operate as payment aggregator

  4. Paytm's First Games receives Rs 5,712 crore GST notice

  5. PB Fintech invests Rs 539.4 crore in healthcare unit
  6. Read more highlights...

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  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

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