Page 17 - Fintech

Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

Fundraising by fintechs took a hit due to Covid-19 pandemic, lockdown

According to the RBI, banks, which earlier viewed fintechs as disruptive forces, are looking at them as enablers in banking and finance

Use 'pay later' loan facility only if interest rate is attractive

However, be careful to avoid over-leveraging

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

The apps game

Google should not misuse its dominant position

Fintech the way forward for Indian banking, payment system: SBI MD

Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago

Amazon makes India centre of fintech push, adds gold, insurance services

To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016

RBI to set up innovation hub for financial inclusion, efficient banking

The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development

Wiserfunding enters Indian market, to provide lending solutions for SMEs

The investment will also be towards creating technology to connect to various public and private databases to source all inputs to fully automate its models as it already does in Europe

India could become the fintech hub of the world

The opportunity to list overseas provides a huge opportunity for new-age digital and fintechs

Niyo rolls out salary hikes, bonuses, ESOPs to boost employee morale

Niyo is also planning to double the size of its tech and product teams by the end of March 2021

Hero Electric partners with Autovert for subscription-based financing plans

Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Unicorn fintech company Pine Labs invests in Malaysia-based Fave

Pine Labs processes payments of $30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.

UK-based fintech unicorn Rapyd enters India with flexible payment solution

Partners with several key players in India's payments ecosystem such as Paytm Payments Bank, PhonePe, PayU and HDFC Bank to roll out the solution

MobiKwik FY20 revenue surges 134% to Rs 379 cr; eyes profits this fiscal

MobiKwik's merchant-facing payment gateway business registered net revenue of Rs 190 crore in FY20, compared to Rs 101 crore in FY19 on a standalone basis

Regulators, top govt officials meet to pull economy out of crisis

They also deliberated upon the status and developments under the IBC, and the working of credit rating agencies, the RBI said in a statement.

Fintechs see inflexion point as Covid-19 gives fillip to digital modes

Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan

Sebi approves regulatory sandbox framework for stock market ecosystem

Sebi's new framework allows live testing on a small set of customers for a limited period of time.