Over 50% of Indians now recharge phones onlineAt Reliance Jio, the share of online recharges increased to 50% in the December quarter from 35% in the March quarter, after having touched...
02 Jan, 2021, 09.26 AM IST
Digital payment democratisation boosts Infibeam profit up by 241%, firm declares 10% dividendIn the second quarter, consolidated profit stood at Rs 25.9 crore compared with Rs 7.6 crore in the same corresponding period of the last f...
25 Oct, 2019, 06.30 PM IST
Infibeam Avenues net profit jumps 129%Infibeam Avenues has pivoted towards digital payment space in the last few years, mainly focusing on the backend of the digital payments af...
08 Aug, 2019, 09.43 PM IST
Infibeam to up fintech play with Rs 250 crore investmentThe move is in line with the company’s focus to divest its non-core businesses, Vishal Mehta, CMD, Infibeam, said.
18 Feb, 2019, 11.45 AM IST
Infibeam to launch Sintex’s online B2C platform for consumerThe onlineB2C platform will cater the on-demand customer purchase of Sintex brand Products.
15 Oct, 2018, 09.58 PM IST
Infibeam’s sales rise 90% to Rs 839.3 crore in FY18The high revenue and net profit growth were attributed to high-transactions volumes.
31 May, 2018, 08.22 AM IST
Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 croreIt’s a non-cash deal and the deal size is upto Rs 120 crore, where Infibeam will issue optional convertibles preferential shares to Snapdea...
07 May, 2018, 04.02 PM IST
Strong digital adoption boosts Infibeam’s profitInfibeam said it had another strong growth mainly due to its flagship product IWS, which grew by 252% YoY in Q3 FY18 and generated 45% EBIT...
15 Feb, 2018, 03.27 PM IST
Online retailer Infibeam gets RBI nod for B2B payment serviceAccording to a source, CCAvenue will also have Bharat Bill Payments Systems (BBPS) facility for utility and services bill payments on its p...
16 Nov, 2017, 09.06 AM IST
Infibeam board approves share split, CC Avenue amalgamationThe board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake.
13 Jul, 2017, 10.43 PM IST
Infibeam takes control in CC AvenueBy the time the entire process is completed, Infibeam will have controlling stake in CC Avenue; at least 51 per cent is required to have a ...
31 Mar, 2017, 09.06 PM IST
Infibeam acquires cloud ERP solutions provider DRC SystemsLast month, Infibeam acquired CC Avenues, a digital payment gateway company, for an expected valuation of Rs 2000 crore. Infibeam already o...
03 Mar, 2017, 03.00 PM IST
Infibeam's planned merger with CC Avenue to value the online payment gateway at about Rs 2,000 croreInfibeam, which already owns a 3.85% stake in CC Avenue through subsidiary NSI Infinium Global, has agreed to acquire another 7.5% stake in...
14 Feb, 2017, 09.41 AM IST
Infibeam passes its first market test, reports small profit in maiden showInfibeam also announced to make investment in payment gateway company Avenues and will also foray into Dubai, making it India’s first ecomm...
31 May, 2016, 10.16 AM IST
Payment companies like CC Avenue and PayU money cash in as microentrepreneurs tie up with themThousands of microentrepreneurs or homemakers are tying up with firms such as CC Avenue to provide a simple interface for accepting payment...
04 May, 2016, 10.56 AM IST
Private equity fund TA Associates to grow holding in BillDesk with Rs 450 crore infusionIn 2012, TA Associates purchased a minority stake from State Bank of India and Clearstone Venture Partners for an undisclosed sum.
30 Mar, 2015, 10.50 AM IST
- E-payments to be credited directly to merchants
The Reserve Bank of India (RBI) has mandated that all payments for such transactions be credited directly to merchants, instead of getting ...
30 Nov, 2009, 11.16 AM IST