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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.

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Who Reads Us

Fintech Highlights

  1. Amazon Pay India reports Rs 2,097 crore in FY25 revenues

  2. Fintech startup Niro shuts down after raising $20 million

  3. Aagama Ventures floats Rs 400 crore fund to back fintech startups

  4. Dhan turns unicorn after $120 million fundraise led by Hornbill Capital

  5. Simpl lays off 80-100 employees after RBI crackdown

  6. Read more news...

AI/Emerging Tech

  1. GreyLabs AI secures Series A led by Elevation Capital

  2. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  3. OpenAI valuation touches $500 billion as employees sell shares

  4. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  5. Thinking Machines Lab unveils first product Tinker

  6. Read more news...

Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play

  5. Previous editions...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

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

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