Fintech
NPCI Plans 1.2% Credit Interchange Fee: Unlocking UPI Future
NPCI is reportedly plans to implement a 1.2% interchange fee on the credit line of UPI transactions. According to sources, a circular outlining this change expected to released next week. This move marks a significant shift in the UPI transaction landscape. It aiming to balance cost-effectiveness for users and profitability for service providers. Understanding the […]
Amazon Pay India CEO Pushes for Fair MDR in UPI Transactions
Recently Amazon Pay India CEO advocated for a fair and equitable MDR regime for UPI transactions. This call comes at a crucial time when digital payments are rapidly gaining traction across the country. According to the CEO, an appropriate MDR regime is essential to ensure the continued growth and adoption of digital payment systems in […]
OfBusiness FY24 Performance: Achieves Over 30% Net Profit
OfBusiness, a leading B2B marketplace, has reported impressive financial results for the fiscal year 2024 (FY24). The company’s net profit surged by over 30%, surpassing the INR 600 Cr mark. This remarkable growth highlights OfBusiness’s robust performance and strategic initiatives in the B2B sector. Record-Breaking Profit OfBusiness achieved a net profit of INR 603 Cr […]
Dezerv Secured $32M in Series B Funding Led by Premji Invest
In a significant development for the wealthtech sector, Dezerv has secured $32M in a funding round led by Premji Invest. This investment highlights the growing confidence in Dezerv’s potential to revolutionize wealth management in India. With a valuation exceeding $200 million, the startup set to make waves in the financial technology landscape. Premji Invest Joins […]
Paytm Shares Grew 9.9% After ESOP Expansion: Market Impact
Paytm shares experienced a significant grew of 9.9% intraday after the announcement of an ESOP pool expansion. This decision of Paytm help in increasing ivestors interest in company as well as market analysis. Let’s delve into the details of this event and its implications for Paytm. ESOP Pool Expansion Paytm recently expanded its Employee Stock […]
Carefi Secured $2.6M Funding for Healthcare Fintech Expansion
Carefi secured debt funding of $2.6m from Trifecta Capital and UC Inclusive Credit. This significant investment aims to boost Care.fi’s growth in the healthcare-focused fintech sector. The funds will be used for business expansion and talent acquisition, positioning Care.fi to capitalize on the burgeoning fintech lending space, which saw over $270 million in growth in […]