Payment Gateway

Navi loses Rs 14 crore to payment gateway scam

Navi loses Rs 14 crore to payment gateway scam

22 Jan 2025, 17:20 PM

Scammers posed as customers and misused a bug and cheated the company of Rs 14.26 crore in 14 days in December, 2024.

PhonePe ends partnership with Juspay; plans direct integrations with merchants

PhonePe ends partnership with Juspay; plans direct integrations with merchants

02 Dec 2024, 17:47 PM

Around 15% of PhonePe’s payment gateway volume is currently being processed through Juspay.

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.

Fintech Highlights

  1. Blume-backed EV financing startup Ohm Mobility shuts down

  2. Pine Labs-owned Setu ropes in Razorpay, PhonePe, PayU execs for key roles

  3. BNPL startup Simpl under ED scanner over Rs 913 crore FDI violation

  4. Insurtech startup Bharatsure secures Rs 6 crore funding from IPV, others

  5. Digital lender KreditBee converts into public entity ahead of IPO
  6. Read more news...

AI/Emerging Tech

  1. China's Unitree prices new humanoid robot at under $6,000

  2. OpenAI's Shengjia Zhao named as chief scientist of Meta Superintelligence Labs

  3. AI supremacy: Taiwan follows US with mega global hub plan

  4. Trump government unveils artificial intelligence policy

  5. Intuit updates enterprise suite with AI agents to drive mid-market growth
  6. Read more news...

Editor's Pick

  1. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  2. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained