Posted in Fintech
Fintech Startup Paysharp Becomes Payment Aggregator, Receives RBI Nod
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Paytm Founder Vows to Overcome Challenges as RBI Imposes Restrictions
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Posted in Fintech
Fintech Company Infibeam Avenues Granted RBI Authorization for Payment Aggregator License
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Posted in Business
GIFT City Officials Reach Out to RBI for Setting up Dollar Payment System
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Posted in Finance
RBI’s Regulatory Hammer: Impact on Indian Fintech Giants
Three points you will get to know in this article: In a recent development that could spell trouble for fintech firms, the Reserve Bank of India (RBI) has purportedly instructed Visa and Mastercard to prohibit card-based commercial transactions initiated by companies. Interestingly, some fintech players like Enkash, Karbon, and Paymate facilitate card payments for functions such as settling bills with…
Posted in Fintech
Paytm Shares Drop 20% as Company Shifts Focus Away from Small Loans
Three points you will get to know in this article: The shares of One97 Communications Ltd, the parent company of leading fintech player Paytm, faced a 20% downward lock at INR 650.65 on Thursday (December 7). This downturn came in response to the company’s decision to shift its focus away from smaller loans, specifically those below INR 50,000, which primarily…
Posted in BusinessDaily Feeds
Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks
Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…