fintech

Groww Active Traders Grew Over 870% in Less Than 2 Years, Outpaced Zerodha by 1 Million

Groww, an eight-year-old wealth management startup, has continued to assert its dominance in terms of active clients. By the end of 2023, the number of active traders on the Groww platform reached 7.6 million, maintaining a lead over its...

Paytm Postpaid Hits Pause: Regulatory Hurdles and Partnership Fallout Dampen BNPL Sector

Paytm, one of India's leading fintech giants, has hit the pause button on its buy-now-pay-later (BNPL) service, Postpaid, for new users. This unexpected move comes amidst a cautious atmosphere among lending partners, stemming from the Reserve Bank of India's...

ZestMoney Shutting Down: A Tale of Regulatory Hurdles, Failed Acquisition, and Leadership Shakeup

ZestMoney, an 8-year-old India's fintech lending startup, is shutting down. Despite attracting substantial investments, including from Goldman Sachs, this Buy Now Pay Later (BNPL) pioneer finds itself succumbing to the complexities of regulatory uncertainties and a failed attempt at...

Google’s Entry into India’s Digital Lending Arena Intensifies Competition

India's Unified Payment Interface (UPI) has already revolutionized the country's economy and the burgeoning tech startup ecosystem. After gaining a sizable share in the UPI space, fintech companies like PhonePe and Paytm have already made significant strides in the...

PhonePe Revenue Surged 77% YoY in FY23, But the Struggle for Profitability Continues

PhonePe has unveiled its financial performance for fiscal 2023, ending on March 31, 2023. The fintech unicorn reported a whopping 77% YoY increase in its consolidated revenue, amounting to Rs 2,914 crore in FY23. PhonePe's revenue growth can be...

Cred’s Cost Efficiency: Revenue Jumps Up 255% But Losses Increase Just 5.3% in FY23

The fintech unicorn Cred has unveiled its financial results for fiscal 2023, concluding on March 31, 2023. In a remarkable display of growth, Cred revenue from operations reached an all-time high of Rs 1,400.6 crore in FY23, with an...

Global QR Code Payments To Record 58% Growth to $4.8 Billion by 2028

As the world is witnessing digital revolution, few innovations have had as profound impact as QR code payments. The exploded adoption of smartphone, deep penetration of high-speed mobile internet connectivity and ease of instant payment settlement has been fuelling...

India’s Co-Branded Credit Card Craze: A Financial Revolution in Partnership

The Indian banking industry is undergoing a dramatic digital makeover, marked by cutting-edge technologies and strategic collaborations. While the world of digital payments has been commanding attention, there's a remarkable trend sweeping through India's financial landscape: the surge in...

Money20/20 Unveils Exciting Agenda and Stellar Speaker Lineup: Setting the Stage for the Global Fintech Show

Money20/20, the premier global fintech event, has unveiled its highly anticipated agenda for the upcoming Europe show scheduled to take place in Amsterdam from 6th to 8th June. With more than 300 distinguished speakers are expected to participate, including...

Delhi High Court Miffed at Ashneer Grover in BharatPe Lawsuit

Ashneer Grover, the former CEO and co-founder of India's fintech unicorn BharatPe, continue to attract eyeballs, albeit for all the wrong reasons. On Monday, while hearing the suit filed by BharatPe against Ashneer Grover and his wifey Madhuri Jain,...
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NPCI’s Move Helping PhonePe and Google Pay to Strengthen their Duopoly in India’s UPI Market?

There are over 70 apps in India's UPI market, but the market is predominantly led by only two apps...
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