Page 2 - Indian Fintech

BharatPe removes Ashneer Grover's profile from website

Along with BharatPe, Unity Small Finance Bank, which is a joint venture between BharatPe and the Centrum Group, has also removed his profile from its portal

Global fintech investment tops $210 bn in 2021, India shines: Report

Total global fintech funding (across mergers & acquisitions, private equity and venture capital) reached $210 billion with a record 5,684 deals in 2021 -- up from $125 billion across 3,674 deals in 2020, a new report showed on Tuesday.

Budget 2022: Fintech industry seeks incentives to push financial inclusion

Stepping up demand for tax concessions in the forthcoming Budget, the fintech industry is stressing that the fiscal and non-fiscal incentives are needed to promote financial inclusion and move towards a less-cash economy. The fintech industry and experts have urged Finance Minister Nirmala Sitharaman to lower the TDS rates, saying such a move would free the capital for the sector without any impact on the government's revenue. Sitharaman is scheduled to present the Union Budget for the next financial year on February 1. Nitin Jain, Partner, Financial Services, PwC India, said qualification criteria for digital lenders, short-term credit, partnership guidelines with loan service providers, data governance norms, transparency norms are all required to ensure an optimal business environment for digital lending. Mihir Gandhi, Partner & Payments Transformation Leader, PwC India, stressed on increasing the scope of the Payments Infrastructure Development Fund (PIDF) and introducing ...

Mobikwik expects to double revenue this fiscal, stays cautious on IPO

IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said.

Fintech helping tackle black money, low tax-GDP ratio: Rajeev Chandrasekhar

In a jibe that seemed to be directed at China, the Union minister said that India is boosting its digital economy and entrepreneurs at a time when some countries are demolishing their start-ups

Meet the IIT Roorkee grads who co-founded FamPay, the neobank for teens

The firm provides also financial literacy to teenagers, who have few options to open a bank account at their age; It crossed 2 mn users within eight months of launch

Regulation should not constrain innovation in fintech space: RBI Guv Das

Underlining the need for innovation in the financial sector for effective service delivery, RBI Governor Shaktikanta Das called for effective regulation that should help innovation

Fintech unicorn Razorpay to hire 650 employees in next 10 months in India

The firm announced plans to hire 650 employees across technology, product and business teams in the next 10 months

Paytm eyes Rs 3,000 cr enterprise bill payment transactions by FY21-end

Paytm on Monday announced that its Enterprise Bill Payment System (EBPS), a part of Paytm Payouts, is expected to cross Rs 3,000 crore in transactions by FY21-end

Flipkart increases focus on Indian fintech market to take on Amazon, Paytm

From providing consumer credit, device insurance to seller financing, the category grew 40% in 2019

Chit fund cos go tech-savvy with huge data at stake on getting legal status

Last week Lok Sabha passed the Chit Funds (Amendment) Bill, 2019, amending the Chit Funds Act, 1982

Indian firms in Fintech 100 list: Paytm, OlaMoney make it to top 10

Check which Indian firms made it to Fintech 100 list

How recent snooping incident may affect the launch of WhatsApp Pay

An Israeli spyware was used to snoop of some 1,400 people globally, including 121 Indian citizens. Listen to the podcast to know how this incident might affect the launch of WhatsApp's payment service

Fintech firm Mobikwik becomes operationally profitable, eyes IPO

Gurugram-based firm which started its operations in 2009, is looking at further scaling its lending portfolio and achieve profitability on a full year basis in FY21

63% of students believe that India is ready to become global fintech hub

The survey had over 6,500 respondents with a majority from the student community from leading engineering and management colleges

Indian Fintech among top 5 sectors for funding in 2016: Report

India remains one of the largest markets where the structural enablers to setup, incubate fintech