fintech

Jio Financial Services Becoming a CIC from NBFC is a Big Deal!

Reliance Industries Limited (RIL) has consistently been making significant strides to strengthen its foothold in India's burgeoning financial services sector. A recent development is the transformation of its financial arm, Jio Financial Services, from a Non-Banking Financial Company (NBFC)...

Flipkart Launches Super.Money: Is the Indian E-commerce Giant Late to the UPI Party?

India's fintech sector is witnessing a surge of new companies aiming to capitalize on the industry's rapid growth and gain a sizable market share. Among these, e-commerce giant Flipkart is re-entering the fintech arena with the launch of its...

India’s Fintech Sector Witnessed Slower Growth in Loan Disbursements During FY24: NBFCs Drive 70% of Digital Lending

India's fintech sector continues to witness significant growth in digital lending. This surge is driven by technological advancements and increased financial inclusion, making credit more accessible to a wider segment of the population. The latest report by the Fintech...

Paytm’s Layoff Tactics Raise Red Flags: Forced Resignations, Bonus Clawbacks and Uproar!

Paytm's troubles seem far from ending following the RBI's ban on its Paytm Paytments Bank earlier this year. The shutdown of its wallet business has compelled the fintech giant to implement restructuring and cost-cutting measures, resulting in sudden mass...

Adani’s Acquisition of Paytm Will Redefine the Equations in India’s Fintech Sector

Adani is in talks to acquire Paytm! Adani Group is reportedly eyeing a stake in Paytm's parent company, One97 Communications Limited (OCL). Sources familiar with the matter revealed that Paytm CEO Vijay Shekhar Sharma recently visited Adani's office in Ahmedabad...

Paytm’s Insurance U-Turn: From License Pursuit to Distribution Only

Paytm, India's fintech giant facing financial headwinds, has announced a strategic shift in its insurance business. In a bid to streamline operations and conserve capital, Paytm General Insurance Ltd (PGIL) has withdrawn its application for a general insurance license...

Paytm Q4 FY24: As Net Loss Balloons, It’s An Uphill Battle for Vijay Shekhar Sharma

Paytm has unveiled its financial results for fiscal year 2024, showcasing a year marked by a mix of growth and challenges. Despite a challenging fourth quarter, the company's performance in the first three quarters helped it close the year...

The Strengthening Duopoly of PhonePe and Google Pay in UPI is making NPCI Anxious

PhonePe has over 4x of Paytm’s UPI market share! One of every two UPI transactions is taking place via PhonePe … and this could be concerning for NPCI. The National Payments Corporation of India (NPCI) faces an acute challenge in...

Paytm UPI Market Share Drops to Just 11%, Hinting a Long Bumpy Ride Ahead

The repercussions of the Reserve Bank of India's (RBI) ban on Paytm Payments Bank are becoming increasingly evident, with a significant hit to Paytm's UPI market share. Recent insights obtained by Moneycontrol from banking sources reveal that Paytm's UPI...

Customer Frustration Rising at Paytm Payments Bank: 150x YoY Surge in Complaints

User complaints can have severe repercussions for any B2C business, particularly operating in the fintech sector where daily financial transactions are the norm. Paytm Payments Bank, owned by One97 Communications, has reportedly witnessed a massive surge in customer complaints...
- Advertisement -

Latest News

Despite Jio, Airtel’s 5G Push, Nearly 90% of Indians Struggle With Call Drop Issue [STUDY]

Despite having access to advanced 4G and 5G networks provided by telecom service providers, Indian consumers continue to experience...
- Advertisement -