Fintech News
IPO-bound MobiKwik bets on lending, financial planning to boost margins
In FY24, about 64% of the platform’s revenue came from distribution of loans and 36% from payments
7 min read6 Sep 2024Crisis consultants in demand as regulatory run-ins rise
Under governor Shaktikanta Das, RBI has taken a tough stance against non-compliance, even taking on some of the biggest names in the financial services space
3 min read3 Sep 2024RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery
RBI Deputy Governor Swaminathan J flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics
1 min read2 Sep 2024Armed with RBI sanction, first fintech self regulator to ramp up enforcement
The regulator wants such self regulators—two more applications are being looked into—to act as bridges between RBI and the sector, keeping it updated on developments as well as pointing out violations
4 min read2 Sep 2024Razorpay bets on offline, overseas business ahead of IPO
Fintech giant Razorpay, valued at $7.5 billion, is gearing up for a public listing within the next three years, but it has its task cut out before that. In an interview with Mint, top executives said that Razorpay is embarking on a two-pronged offensive: conquering offline and expanding globally.
3 min read1 Sep 2024Modi urges regulators to take bigger steps against cyber fraud
Modi said the trinity of Jan Dhan, Aadhaar and mobile have broken down the mentality of ‘cash is king’ and made way for approximately half of the digital transactions in the world taking place in India
2 min read30 Aug 2024Flipkart fintech 2.0: Can super.money strike gold?
Flipkart’s re-entry into fintech with super.money is a bold move, but the real test lies in whether it can leverage its vast user base to outmanoeuvre established players like PhonePe and Paytm.
6 min read30 Aug 2024Zeta has razor-sharp focus on credit on UPI in India: CEO Bhavin Turakhia says, after aggressive expansion spree
This follows an aggressive expansion period for Zeta, when the company targeted entering 30 countries and newer verticals after getting its first institutional funding of $250 million from SoftBank Vision Fund 2 at a valuation of $1.45 billion in 2021.
3 min read30 Aug 2024Need to balance fintech innovation with prudence: RBI
RBI has recognised the first self-regulatory organisation for the sector, a year after an SRO structure was first announced at last year’s Global Fintech Fest (GFF). The central bank had received three applications.
4 min read28 Aug 2024Funding winter is pushing fintech firms to go public very early: Nippon India CIO
Sailesh Raj Bhan said a dearth of private investment has caused many fintech firms to consider entering the public market – where they have to “compromise on their business model” and face greater scrutiny – prematurely.
2 min read29 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared