One97 Communications, which owns model Paytm, is bullish on Unified Funds Interface (UPI) alongside card processing and EMI funds to drive its cost companies enterprise. These enterprise traces are anticipated to play a key function in Paytm’s sturdy revival and keep its place as a funds chief within the nation. Additionally learn: Probe-hit Paytm hints … Read more
One97 Communications Restricted (OCL), which owns the model Paytm, on Saturday introduced the resignation of its President & Chief Working Officer Bhavesh Gupta and his transferring into an advisory position within the CEO workplace submit Might 31. Gupta, who was overseeing the funds and lending companies, has determined to take a profession break resulting from private … Read more
One97 Communications Restricted (OCL), which owns the model Paytm, on Saturday introduced the resignation of its President & Chief Working Officer Bhavesh Gupta and his shifting into an advisory position within the CEO workplace put up Could 31. Gupta, who was overseeing the funds and lending companies, has determined to take a profession break attributable to … Read more
Mumbai The Unified Funds Interface (UPI) noticed each the quantity and worth of transactions moderating by about 1 per cent on month from the report excessive seen in March 2024. Transactions value ₹19.64 lakh crore have been processed throughout April 2024, 0.7 per cent decrease than the report of ₹19.78-lakh crore seen within the earlier … Read more
It seems that a brand new class of licenses is quickly to be added on this planet of economic providers. To tighten the offline funds ecosystem, the Reserve Financial institution of India (RBI) is predicted to return out with tips for issuing licenses to function within the level of gross sales (POS) enterprise. Third-party POS … Read more
Following the profitable integration of Chennai Metro, Kochi Metro Rail now turns into the second metro service to affix the ONDC Community, a vital step in revolutionising city transportation. Additionally learn:Bus ticketing platform, redBus, joins ONDC ONDC has introduced the addition of Kochi Metro Rail to its increasing mobility area. For a while, ONDC was … Read more
Paytm app customers will proceed to make use of all companies like cell and DTH recharges apart from Paytm Funds Financial institution’s choices together with pockets funds, FASTag and financial institution accounts, in response to the corporate hit by RBI restrictions. Additionally learn: Three years since launch, has Paytm’s mini app retailer lived as much … Read more
The current battle between Google and Indian app builders has reignited the talk for an indigenous app retailer but once more. Lately, digital funds and monetary providers agency PhonePe launched its various to Google and Apple’s app shops, marketed as a totally made-in-India product. On the similar time, app builders are additionally asking the Indian … Read more
There are more likely to be fewer new-age expertise and web corporations launching IPOs this yr as a result of there seems to be a disconnect between their personal valuations and what the general public markets could be keen to pay, in accordance with Bhavesh Shah, MD, Funding Banking at Equirus Capital. “I feel there … Read more
The dialogue between Rishi Agrawal, CEO and co-founder of TeamLease RegTech, and businessline’s Lokeshwarri SK, sheds mild on the sequence of occasions resulting in the RBI’s resolution to halt deposit-taking and sure operations of Paytm Funds Financial institution. Agrawal explains that whereas the regulatory improvement could seem to be a sudden response, it’s really the … Read more