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Fintech News

04 Nov 2024

Fintech Firm Cashfree Payments’ Losses Increase To Rs 135 Crore In FY24

As per its annual financial statements filed with the Registrar of Companies, the company’s total expenses increased by 3.9 per cent to Rs 779.4 crore in FY24, against Rs 750 crore in FY23.

13 Jul 2024

NPCI To Introduce New Product On UPI With Credit Card Like Features

The new credit feature on UPI allows customers to make purchases without seeing immediate fund outgo from their accounts.

16 Apr 2024

Paytm Clarifies Licensing Process Status Amid Speculations

Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license application and potential penalties.

27 Feb 2024

PhonePe Unveils Celebrity Voice Feature On SmartSpeakers

This latest feature enables PhonePe SmartSpeakers to authenticate customer payments using the voice of local celebrities in their respective regions.

15 Jan 2024

RBI Releases Draft Framework For Fintech Sector Self-Regulatory Organisations

The Reserve Bank of India (RBI) released a 'draft framework for recognizing Self-Regulatory Organizations (SRO) for the FinTech Sector' on Monday, outlining the characteristics of a FinTech SRO and including the required functions and governance standards.

05 Sep 2023

PhonePe Unveils Celebrity Voice Feature: Amitabh Bachchan on SmartSpeakers

The PhonePe SmartSpeaker was launched a year ago, and since then, four million devices have been used by merchant partners across 19,000 postal codes (covering over 90 per cent of the country).

Vijay Shekhar Sharma

09 Aug 2023

From Humble Beginnings To Fintech Giant: Remarkable Story Of Paytm Creator

Vijay Shekhar Sharma's Inspirational Journey from Humble Beginnings to Fintech Giant From Aligarh to Billionaire: Vijay Shekhar Sharma's Roots Overcoming Language Barriers: Vijay Shekhar Sharma's Academic Journey Entrepreneurial Aspirations Awakened From Dot-Com to Digital Domination The Birth of Paytm One97 Communications E-Wallet Revolution in India

04 Aug 2023

Proxgy Launches 'Made in India' 4G-Enabled Pocket Sound Box AudioCube Mini

The AudioCube Mini, a 4G-enabled mini sound box, is an extension of Proxgy's AudioCube line, which already features a Dynamic QR code sound box.

04 Aug 2023

Paytm Stocks Rise 3% On Friday After Strong Growth In Business In July

The fintech giant’s lending vertical continues to witness healthy growth with total loans distributed through its platform, in partnership with its top financial institutions, growing 148% YoY to ₹5,194 Cr ($632 million).

31 Jul 2023

Paytm Launches Pocket Soundbox & Music Soundbox To Empower Merchants

Designed to add convenience for mobile merchants, Paytm Pocket Soundbox is an industry first portable device that comes with all the powerful features of the iconic Paytm Soundbox. The easy-to-carry device proudly ‘Made in India’ provides 5-day battery life, 4G connectivity and a torch to keep going even in low-light conditions.

07 Jul 2023

China Fines Jack Ma's Ant Group Whopping $984 Million Amid Tech Crackdown

Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay and undertakes consumer lending and insurance products distribution among other businesses. In mid-2020, before its IPO was pulled, it was valued by some investors at more than $300 billion.

05 May 2023

FM Permits 22 Finance Cos To Undertake Aadhaar-Based Verification Of Clients

These 22 financial companies include Godrej Finance, Amazon Pay (India) Pvt Ltd, Aditya Birla Housing Finance, Tata Motors Finance Solution, IIFL Finance and Mahindra Rural Housing Finance Ltd.

31 Oct 2022

ZEX PR Aims To Support More Startups With the Launch Of 5G in India

ZEX PR Wire is a platform with zero mail trails, zero mediators, & truly automated PR which enables you to do any press release campaign in less than 72 hours. It's a 99% automated platform that can be used by any marketing or PR team in a firm or even by individual PR agencies for conducting and managing PR campaigns for their clients.

07 Apr 2022

After Ashneer Grover’s ‘Ab Nani Yaad Aayegi’ remark, BharatPe hits back

BharatPe said it registered four times growth in its overall revenue in the said quarter. BharatPe revealed the first quarter numbers after Grover hit out at the board members of the fintech company. "Snatching the keys and running a corner shop are two different skill-sets," Grover said.

03 Dec 2021

Digital India initiatives opened doors for innovative Fintech solutions: PM

"Transformational initiatives under digital India have opened doors for innovative FinTech solutions to be applied in governance," said PM Modi.

03 Dec 2021

PM Modi to inaugurate InFinity Forum today, over 70 countries to take part

PM Modi will inaugurate the InFinity Forum, a thought leadership forum on FinTech, today. The forum will witness participation from over 70 countries. Indonesia, South Africa and the UK are partner countries in the first edition of the forum.

18 Nov 2021

Paytm IPO: Investors lose Rs 35,000 crore within hours after a weak debut

Paytm was listed on Indian stock exchanges on Thursday, November 18. The stock's issue price was Rs 2,150 per equity share. The stock is currently trading at about Rs 1,586.25.

29 Oct 2021

Cybersecurity, R&D, health tech are key areas for Indo-Aus Cooperation: Report

The report is titled 'Recommendations to build stronger ties between India & Australia in technology and innovation. The report is prepared by the Indo-Australian Chamber of Commerce. Indian and Australian governments could put in place pathways for closer collaboration.

Finance Minister

25 Aug 2021

Nirmala Sitharaman launches EASE 4.0, talks about fintech, credit demand

Banks have been requested to have interaction with export promotion agencies, chambers of commerce and industry. Sitharaman said there is a need to ramp up credit growth in the eastern pockets of the country. The FM noted that there are a lot of sunrise sectors that need funding to kick off their growth.

15 Jun 2021

Zee Exclusive: Do’s and Don’ts of applying for loans on digital platforms

Digital loan process. How to proceed for Digital loan? How to get Digital loan with safety?

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