Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imp ...More

Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETtech Morning Dispatch. ...Less

India's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to dis ...More

India's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to disruptions in imports from China and West Asia crisis. This has led to a 15-20% price increase for devices, forcing companies to extend terminal lifecycles and manage existing assets more effectively. ...Less

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the v ...More

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acquisition, the company is now focusing on merchants needing both online and offline payment solutions, rather than aggressive field team expansion. This strategic shift aligns with Razorpay's IPO preparations and a focus on a more profitable core business. ...Less

Billdesk is set to acquire the India payments business of French payment giant Worldline for an estimated ...More

Billdesk is set to acquire the India payments business of French payment giant Worldline for an estimated equity value of $70 million. In a press release Worldline said that it will be entering into a long-term technology and software pact with Billdesk, through which Worldline’s software stack will continue to remain operational in India. At an enterprise level the value of the deal was pegged at $43.6 million. ...Less

For Visa, an investment in BillDesk would help the American firm cement its position in the payments ecos ...More

For Visa, an investment in BillDesk would help the American firm cement its position in the payments ecosystem in India. ...Less

BillDesk's operational revenue increased to Rs 2,678 crore for FY23, with net profit at Rs 141.9 crore. E ...More

BillDesk's operational revenue increased to Rs 2,678 crore for FY23, with net profit at Rs 141.9 crore. Entrackr reported the financials, highlighting revenue stagnation and profit strain over the last three years, surpassing competitors like Razorpay and CCAvenue. ...Less

Payments company Billdesk, which recently crossed the $1-billion valuation mark, posted a 40% increase in ...More

Payments company Billdesk, which recently crossed the $1-billion valuation mark, posted a 40% increase in revenue from operations and 15% growth in profit for fiscal 2018. ...Less

US-based venture capital firm Clearstone Ventures along with India’s largest public sector bank SBI has d ...More

US-based venture capital firm Clearstone Ventures along with India’s largest public sector bank SBI has decided to invest $7.5m into Mumbai based payment processing company BillDesk. ...Less

Through this partnership, J.P. Morgan’s clients in India will be able to independently initiate statutory ...More

Through this partnership, J.P. Morgan’s clients in India will be able to independently initiate statutory and utility payments online with more than 100 merchants that BillDesk partners with, securely and without additional manual assistance from their partner banks. ...Less

Total consolidated revenues for the BillDesk’s parent stood at Rs 2,513.8 crore for FY22, company filings ...More

Total consolidated revenues for the BillDesk’s parent stood at Rs 2,513.8 crore for FY22, company filings showed. ...Less

Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loy ...More

Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses. ...Less

PE firm General Atlantic is in talks to acquire a minority stake in e-payment processing company BillDesk ...More

PE firm General Atlantic is in talks to acquire a minority stake in e-payment processing company BillDesk, which pioneered online bill payments in India. ...Less

The deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion ...More

The deal-- pegged as the second-largest buyout in the Indian internet sector after Walmart’s $ 16 billion acquisition of ecommerce major Flipkart in 2018—will involve the merger of the payments gateway business of two of the country’s largest players and securing clearance from the CCI is important, sources said. ...Less

Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion de ...More

Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm BillDesk amid a crash in the valuations of major tech startups. The deal, which was set to be Prosus’s biggest acquisition and the second-largest M&A ever in India, was automatically terminated after certain conditions weren’t met by September 30, the company said. ...Less

Prosus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology ...More

Prosus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology sector, but how does it compare with the world’s biggest tech takeover deals that went south? It’s of course dwarfed by the biggest failed ‘tech-over’ deal ever – Broadcom’s $177 billion hostile bid to acquire Qualcomm, which fell apart in May 2018. ...Less

Global private equity investor General Atlantic has picked up 20% stake in online payment gateway solutio ...More

Global private equity investor General Atlantic has picked up 20% stake in online payment gateway solutions provider Billdesk for $120 million from the company's existing private equity investors TA Associates and others. ...Less

Billdesk is set to acquire Worldline’s India business. This and more in today’s ETtech Top 5. ...More

Billdesk is set to acquire Worldline’s India business. This and more in today’s ETtech Top 5. ...Less

BillDesk, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired ...More

BillDesk, founded in the year 2000 by MN Srinivasu, Ajay Kaushal and Karthik Ganapathy, has been acquired by global technology investor Prosus in a $4.7 billion deal, one of the largest such transactions in the digital economy. ...Less

A breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. ...More

A breakup fee is a predetermined penalty that a buyer typically pays if it walks away from a transaction. A long stop date is the date by which the deal conditions must be satisfied (or waived) for it to be completed. ...Less

In 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partner ...More

In 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partners for an undisclosed sum. ...Less

According to the revised notification, the Prosus-backed multinational said that “the proposed transactio ...More

According to the revised notification, the Prosus-backed multinational said that “the proposed transaction will not cause any appreciable adverse effect on competition in any of the above relevant markets or their constituent segments.” ...Less

This will be one of the largest acquisitions in India’s digital payments space and by far the biggest mov ...More

This will be one of the largest acquisitions in India’s digital payments space and by far the biggest move to consolidate the fast-growing sector. It comes at a time when the digital payments ecosystem is seeing huge traction. ...Less

In an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU fo ...More

In an age where every funding round is touted in press statements and staff parties, Prosus-owned PayU found itself having to take complete charge of the acquisition announcement because BillDesk had never employed a PR firm. ...Less

Prosus, the global investment arm of South African multinational Nasper, had on August 31 last year annou ...More

Prosus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an all-cash deal to expand its footprint in India's booming fintech sector under the umbrella of its payment gateway PayU. ...Less

Prosus Ventures is set to buy BillDesk, one of India’s oldest digital payment firms, for a cool $4.7 bill ...More

Prosus Ventures is set to buy BillDesk, one of India’s oldest digital payment firms, for a cool $4.7 billion in what will be one of the acquisitions ever in the sector. ...Less

Armed with this licence these companies can now offer payment services for international trade, besides m ...More

Armed with this licence these companies can now offer payment services for international trade, besides merchant payment services in the domestic market. Details released by the Reserve Bank of India (RBI) show that while Cashfree got the licence on July 22, Adyen and Amazon Pay received it on July 25 and BillDesk secured the regulatory nod on July 29. ...Less

“CCI has not questioned the merits of the proposed transaction, but requested for additional information, ...More

“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person directly aware of CCI’s queries to PayU. ...Less

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditi ...More

In a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled by the September 30, 2022 long stop date, causing the agreement to be terminated automatically.” He did not elaborate on what these conditions were. ...Less

Co set to monopolise recurring payments market as top banks take SI Hub services ...More

Co set to monopolise recurring payments market as top banks take SI Hub services ...Less

BillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech ...More

BillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion all-cash deal. MN Srinivasu, one of the firm's cofounders, told us why BillDesk said yes to Prosus ...Less

India's largest bill payment service provider BillDesk will soon launch a platform for people to make uti ...More

India's largest bill payment service provider BillDesk will soon launch a platform for people to make utility bill payments through mobile phones. ...Less

illDesk plans to explore inorganic growth as consolidation is likely to play out in the emerging online p ...More

illDesk plans to explore inorganic growth as consolidation is likely to play out in the emerging online payment gateway sector. ...Less

This partnership would enable a major shift towards pushing of bill payments into digital mode especially ...More

This partnership would enable a major shift towards pushing of bill payments into digital mode especially through QR codes and also give a boost to transactions through BharatQR which was majorly promoted by the Reserve Bank of India. ...Less

Happy Thursday! Billdesk is set to acquire Worldline's India business, while Upgrad has bought a majority ...More

Happy Thursday! Billdesk is set to acquire Worldline's India business, while Upgrad has bought a majority stake in Internshala. This and more in today's ETtech Morning Dispatch. ...Less

India's startup ecosystem witnessed smaller funding rounds this week. ...More

India's startup ecosystem witnessed smaller funding rounds this week. ...Less

Recent interventions done on merchant discount rate (MDR) are bound to have an impact on margins for paym ...More

Recent interventions done on merchant discount rate (MDR) are bound to have an impact on margins for payments businesses. ...Less

Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their ...More

Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet banking platform, bank said. ...Less

Following the regulatory diktat, last year banks moved all their third-party credit card bill payments to ...More

Following the regulatory diktat, last year banks moved all their third-party credit card bill payments to the Bharat Connect platform. This resulted in applications like Cred settling their customers’ credit card dues via the NPCI-managed network from September. ...Less

Srinivasu founded BillDesk twenty years ago along with Ajay Kaushal and Karthik Ganapathy, his colleagues ...More

Srinivasu founded BillDesk twenty years ago along with Ajay Kaushal and Karthik Ganapathy, his colleagues at Arthur Andersen. He led the company to become one of India’s one of the few profitable fintech companies in India. ...Less

The Bengaluru-based fintech startup processed 28 million customer transactions worth Rs 4,039 crore in th ...More

The Bengaluru-based fintech startup processed 28 million customer transactions worth Rs 4,039 crore in the month, with BillDesk in second place processing around 9.5 million transactions, data released by the National Payments Corp of India showed. ...Less

The merger was expected to create an online payments gateway juggernaut that would process $147 billion i ...More

The merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value (TPV), more than twice that of its nearest contender Razorpay, which processes $80 billion in annual TPV. ...Less

The six-year-old firm had roped in former Citi India CEO Pramit Jhaveri as senior advisor to help grow ba ...More

The six-year-old firm had roped in former Citi India CEO Pramit Jhaveri as senior advisor to help grow base. ...Less

"We expect the total ecommerce industry sales during the festive season to grow by up to 50% over last ye ...More

"We expect the total ecommerce industry sales during the festive season to grow by up to 50% over last year. The top two players will continue to take a dominant share of this," Srinivasu said. ...Less

Users now have access to services like Fastag and DTH recharge, landline, broadband bill payments and mob ...More

Users now have access to services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments on the Flipkart platform, the company said on Wednesday. Flipkart has partnered with BillDesk to bring bill payment services for its users. ...Less

The investment firm is convinced of the Indian market's potential to deliver hefty returns to even later- ...More

The investment firm is convinced of the Indian market's potential to deliver hefty returns to even later-stage investors like the South African group, says Prosus group chief executive Bob van Dijk ...Less

The Council has also suggested equal sharing of charges between the acquiring bank and the issuing bank w ...More

The Council has also suggested equal sharing of charges between the acquiring bank and the issuing bank which presently is lopsided towards the issuing bank. ...Less

Paytm is exploring a deal around the time when it is also looking at raising about $3 billion (about ₹21, ...More

Paytm is exploring a deal around the time when it is also looking at raising about $3 billion (about ₹21,900 crore) from capital markets through an initial public offering. ...Less

If approved by regulators, the deal would mark the biggest consolidation in the sector, we wrote at the t ...More

If approved by regulators, the deal would mark the biggest consolidation in the sector, we wrote at the time. Now, sources tell us India’s competition watchdog is seeking more information on the deal before clearing it. ...Less

More than 80% of the total digital payments in India are of less than Rs 2,000 in value. The payments agg ...More

More than 80% of the total digital payments in India are of less than Rs 2,000 in value. The payments aggregators have not been charging tax on the service they provided to merchants on such transactions, following a government notification issued during demonetisation in 2016. ...Less

Srinivasu replaces Harsh Jain, cofounder and chief executive of Dream Sports, who assumed the post in May ...More

Srinivasu replaces Harsh Jain, cofounder and chief executive of Dream Sports, who assumed the post in May 2023. Before Jain, Sanjay Gupta, vice president and country manager of Google, had held the office. ...Less

In today's ETtech Morning Dispatch newsletter: BillDesk is expected to enjoy a virtual monopoly in proces ...More

In today's ETtech Morning Dispatch newsletter: BillDesk is expected to enjoy a virtual monopoly in processing recurring payments, RBI has tightened its rules for payment companies after several hacks, and pharma majors eye online foray. ...Less

In collaboration with Riyad Bank the company will expand its payment platform in Saudi Arabia at a time w ...More

In collaboration with Riyad Bank the company will expand its payment platform in Saudi Arabia at a time when there is an upsurge in the country’s eCommerce market. ...Less

If you want to get to scale, you are better off joining forces and doing an M&A, says Bob van Dijk ...More

If you want to get to scale, you are better off joining forces and doing an M&A, says Bob van Dijk ...Less

VC firm plans India outpost by next year and looks to close investments here over next few months. ...More

VC firm plans India outpost by next year and looks to close investments here over next few months. ...Less

Platform to help banks with recurring payments ...More

Platform to help banks with recurring payments ...Less

SINCE,1999 Money was flowing in from all quarters and sections . Which is why, maybe, they named their co ...More

SINCE,1999 Money was flowing in from all quarters and sections . Which is why, maybe, they named their company IndiaIdeas.com. ...Less

RBI refuses more time to comply with a new rule that requires banks to send a notification to customers f ...More

RBI refuses more time to comply with a new rule that requires banks to send a notification to customers five days before the payment is slated to be deducted and allow the debit only after an okay from the customer. ...Less

Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDe ...More

Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a 'New Umbrella Entity' (NUE) that will build a UPI-like settlement system in India's digital payments space. ...Less

This comes after a year-long wait for the Prosus-owned PayU which has had to answer several questions fro ...More

This comes after a year-long wait for the Prosus-owned PayU which has had to answer several questions from the regulator over the past year since the deal was officially announced in August 2021. ...Less

Other players who have received in-principle approval for a BBPS licence include Paytm, Oxigen Services, ...More

Other players who have received in-principle approval for a BBPS licence include Paytm, Oxigen Services, BillDesk, and PayU. ...Less

Are large startups pre-empting competition by swallowing potential rivals? Are Indian founders losing con ...More

Are large startups pre-empting competition by swallowing potential rivals? Are Indian founders losing control to foreign capital? These are valid concerns. ...Less

PayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (F ...More

PayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net losses of Rs 114.6 crore for the previous fiscal (FY21). ...Less

The common outlet to pay utility services bills is mainly aimed at those for whom netbanking is not a way ...More

The common outlet to pay utility services bills is mainly aimed at those for whom netbanking is not a way of life. ...Less

Uttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on i ...More

Uttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on imposing 18 per cent GST on payment aggregators for transactions under Rs 2,000. The matter will be reviewed by the fitment committee. Additionally, the issue of GST on Research and Development will also be referred to the committee. Aggarwal announced a reduction in GST on religious helicopter travel from 18 per cent to 5 per cent. ...Less

As of now, MDR share is higher for the issuing entity while acquiring co gets a much smaller share. ...More

As of now, MDR share is higher for the issuing entity while acquiring co gets a much smaller share. ...Less

Sumant Mandal, partner at March Capital Partners said that the investment firm will continue to explore i ...More

Sumant Mandal, partner at March Capital Partners said that the investment firm will continue to explore investment opportunities in Asia’s third-largest economy. ...Less

You have to build products that are safe, secure and fun to use. Our choice of building on the back of UP ...More

You have to build products that are safe, secure and fun to use. Our choice of building on the back of UPI and banks is a very explicit choice. ...Less

Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch. ...More

Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch. ...Less

Before joining IppoPay, Shelar had served at companies such as BillDesk and M2P Fintech. ...More

Before joining IppoPay, Shelar had served at companies such as BillDesk and M2P Fintech. ...Less

The banking regulator had in November last year asked Paytm to reapply for the licence within 120 days an ...More

The banking regulator had in November last year asked Paytm to reapply for the licence within 120 days and stopped it from signing up new online merchants for the platform. ...Less

PayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid ins ...More

PayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to up the ante against card-based BNPL providers Uni and Slice, among others. ...Less

New members from sectors such as software, logistics and financial tech, as number poised to touch 20 thi ...More

New members from sectors such as software, logistics and financial tech, as number poised to touch 20 this year. ...Less

Data from research firm Venture Intelligence showed a 36% increase in PE-VC investments during 2018 acros ...More

Data from research firm Venture Intelligence showed a 36% increase in PE-VC investments during 2018 across 720 deals, compared to $24.3 billion invested across 734 deals in 2017. ...Less

Prosus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy ...More

Prosus, the Dutch-listed arm of South African technology investor Naspers, said on Wednesday that Swiggy and PayU, its food-delivery and payments companies in India, have recorded strong growth this year. It also said it stopped equity accounting for Byju’s in September as it lost its “significant influence” over the company after its stake fell below 10%. ...Less

ET takes stock of the new rules, the scale of disruption, as well as alternative modes, which can be used ...More

ET takes stock of the new rules, the scale of disruption, as well as alternative modes, which can be used by customers to make their payments that have been failing in the month of October. ...Less

PayGlocal is an international payments-focused startup and has also applied for a cross-border payments l ...More

PayGlocal is an international payments-focused startup and has also applied for a cross-border payments licence. That application is still being processed by the central bank. The company expects to receive this licence in due course from the Reserve Bank of India (RBI). ...Less

Payments Council of India has re-appointed Vishwas Patel as chairperson. M N Srinivasu and Nalin Bansal a ...More

Payments Council of India has re-appointed Vishwas Patel as chairperson. M N Srinivasu and Nalin Bansal are appointed as co-chairpersons. Their term will be for 2025-27. PCI supports digital payments growth. It aims to reduce cash usage and promote financial inclusion. The council works with regulators like RBI and the Finance Ministry. ...Less

Our main story today is about government surveillance and begins with a whodunnit. So in the interest of ...More

Our main story today is about government surveillance and begins with a whodunnit. So in the interest of avoiding spoilers, let’s get right to it. ...Less

This comes a year after PayU received in-principle approval and more than two years after its licence app ...More

This comes a year after PayU received in-principle approval and more than two years after its licence application was returned by the Reserve Bank of India. It joins the likes of BillDesk, CCAvenue, Razorpay and Cashfree, which have all received the online PA licence from the central bank over the last one year. ...Less

Concerns over concentration risk and a need to fast-track cashless payments had led the RBI to invite app ...More

Concerns over concentration risk and a need to fast-track cashless payments had led the RBI to invite applications for a NUE to rival the NPCI, which currently delivers services like UPI-based payments. ...Less

“At Mirae Asset one of our foremost principles is Clients First approach, we have always believed in prov ...More

“At Mirae Asset one of our foremost principles is Clients First approach, we have always believed in providing our investors with efficient solutions. UPI has already revolutionised payments, with UPI autopay we are introducing a new facility which has the potential to revolutionise SIPs. We are confident this facility should help our investors to adopt UPI autopay as a preferred mode for Mandate registrations.” said Shrinivas Khanolkar, Head - Products, Marketing & Corporate Communications, Mirae Asset Investment Managers (India) Pvt. Ltd. ...Less

Plural will target partnerships with large digital merchants, financial institutions, as well as payments ...More

Plural will target partnerships with large digital merchants, financial institutions, as well as payments collected by various government offices - to capture a share of India's crowded yet burgeoning digital payments market, says chief executive Amrish Rau. ...Less

Facebook this month said India would be the first country where it rolls out its small business loan prog ...More

Facebook this month said India would be the first country where it rolls out its small business loan program offering loans via a partner to firms that advertise on its platform. The loans will range from 500,000 rupees ($6,720) to 5 million rupees with interest rates of 17%-20%, potentially without collateral. ...Less

The pan-European STOXX 600 index rose 0.1% by 0710 GMT, with Asian stocks reversing earlier losses as fre ...More

The pan-European STOXX 600 index rose 0.1% by 0710 GMT, with Asian stocks reversing earlier losses as fresh signs of a slowdown in China's economy spurred hopes of more stimulus. ...Less

Richard Branson promoted Virgin Mobile today made all its services including handsets, plans and recharge ...More

Richard Branson promoted Virgin Mobile today made all its services including handsets, plans and recharge coupons available online so that customers can get the services without visiting company's sales stores. ...Less

The BBPS is a centralized bill payment system that will allow users to use a single website or outlet to ...More

The BBPS is a centralized bill payment system that will allow users to use a single website or outlet to pay all your monthly or repetitive bills such as mobile phone and electricity. ...Less

Prosus said in a blog post that the performance of its global food businesses, which include Bengaluru-ba ...More

Prosus said in a blog post that the performance of its global food businesses, which include Bengaluru-based Swiggy, remained strong on the back of complementary adjacencies such as convenience and grocery delivery. ...Less

Due to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as ...More

Due to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as well as additional GST at 18% on part of the money they make through such an arrangement, especially in the case of OTT subscriptions. ...Less

The mutual fund platform is adding over 1,000 members per month. ...More

The mutual fund platform is adding over 1,000 members per month. ...Less

Multiple founders and investors ET spoke to said the development has come at a particularly challenging t ...More

Multiple founders and investors ET spoke to said the development has come at a particularly challenging time for the sector, which has been pummelled by a swathe of regulatory changes that have affected fintech businesses across the board. ...Less

Broadband and cable TV access provider Atria has one million subscribers across the southern states of Ka ...More

Broadband and cable TV access provider Atria has one million subscribers across the southern states of Karnataka, Tamil Nadu, Andhra and Telangana. ...Less

Some of them are operating in rapidly growing segments, and others are building tech that could transform ...More

Some of them are operating in rapidly growing segments, and others are building tech that could transform entire industries along with their own fortunes. ...Less

Among the several cross-border funds operating across the Silicon Valley in the United States and India i ...More

Among the several cross-border funds operating across the Silicon Valley in the United States and India is Menlo Park-headquartered Clearstone Venture Partners, which has some well-known successes from its portfolio that includes Paypal and Overture. ...Less

Audio QR is a new technology. We have used audio for pairing across products like Chromecast, which uses ...More

Audio QR is a new technology. We have used audio for pairing across products like Chromecast, which uses it for setup, said Caesar Sengupta. ...Less

Imagine your mobile phone doubling up as your credit card. Reliance Communications and HDFC Bank have joi ...More

Imagine your mobile phone doubling up as your credit card. Reliance Communications and HDFC Bank have joined hands to offer virtual mobile credit cards in the country. ...Less

"We will be brining in new merchant categories with a special focus on government merchants such as, cent ...More

"We will be brining in new merchant categories with a special focus on government merchants such as, central, state departments and municipal corporations," said an official. ...Less

All leading banks and aggregators such as State Bank of India, HDFC Bank and BillDesk, among others are B ...More

All leading banks and aggregators such as State Bank of India, HDFC Bank and BillDesk, among others are BBPOUs on the platform, processing monthly bill payments for thousands of telecoms, gas companies, power utilities, educational institutes and other billers in the country. ...Less

Bengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomera ...More

Bengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomerate decided not to go ahead with the financing. ...Less

With the approval, Skydo joins a group of fintech firms that have secured the licence since the RBI intro ...More

With the approval, Skydo joins a group of fintech firms that have secured the licence since the RBI introduced the PA-CB regime for tighter oversight of cross-border payment flows. Other companies that have secured the licence include Razorpay, Cashfree Payments, Amazon Pay, BillDesk, and Adyen. ...Less