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. Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

  2. Avanse Financial Services raises $200 million in debt via ECB

  3. Motilal Oswal Mutual Fund hikes stake in Paytm

  4. Kiwi raising Series B funding led by Vertex

  5. Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue
  6. Read more news...

AI/Emerging Tech

  1. Robotics startup FieldAI raises $405 million from Nvidia's VC arm, others

  2. Meta hits pause on hiring for AI division

  3. HDFC Bank invests in conversational AI company CoRover

  4. Nvidia developing new, more powerful AI chip than H20 for China

  5. OpenAI launches new subscription plan in India at Rs 399 per month

  6. Read more news...

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