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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.

Who Reads Us

Fintech Highlights

  1. PB Fintech July-Sept revenue up 38% to Rs 1,613.5 crore

  2. Razorpay partners with NPCI International to launch UPI payments in Malaysia

  3. General Atlantic doubles its PhonePe holding to 9% via $600 million secondary deal

  4. Jupiter raises $15 million from existing investors Mirae Asset, Beenext, 3one4

  5. Drip Capital raises $50 million debt funding from Toronto-Dominion Bank

  6. Read more news...

AI/Emerging Tech

  1. Mem0 raises $24 million from Kindred Ventures, Basis Set, Peak XV

  2. Cameo sues OpenAI for trademark infringement

  3. OpenAI completes recapitalization to form for-profit corp

  4. Amazon cutting 14,000 corporate jobs amid AI wave

  5. PayPal partners with OpenAI to enable payments within ChatGPT

  6. Read more news...

Money & Machines

  1. Money & Machines: Regulators, Reel Stars, Real Money. And 'All Inclusive' — Inside GFF 2025

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

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

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

  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar

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