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PAYU PAY WITH REWARDS
PayU India has achieved a financial turnaround and is on track for full profitability by FY27, says group CFOPayU Group CFO Arvind Agarwal discusses the company’s turnaround in H1 FY26, citing a 20% revenue jump and EBITDA breakeven. He outlines th...- Rupay credit cards on UPI will now earn same reward points like other RuPay cards including on these UPI transactionsRuPay credit card: The National Payments Corporation of India (NPCI) in a circular directed all RuPay credit card issuing banks to ensure t...
- Reward points and freebies push credit card spends to record levelsAverage monthly spending through credit cards has doubled in three years from Rs 60,000 crore a month in FY'19-20 to Rs 1.2 lakh crore a mo...
- Credit card platform Kiwi raises $6 million in funding to take on ‘credit on UPI’ offeringThis comes as the Reserve Bank of India has given banks the green signal to transfer pre-sanctioned credit lines through the unified paymen...
- Unicorns face a funding crunch; CCI clears PayU-BillDesk deal; and IT firms boost campus hiringBengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomerate decided not to go ahead with th...
- B2B fintech Enkash raises $20 million funding led by Ascent CapitalThe Mumbai-based firm plans to utilise the capital to expand its offerings around banking-as-a-service, scaling up its ‘plug and play’ card...
- PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
- Indian startups clock $9.5 billion via exits, among its largest everAround $2.5 billion worth of exits came through IPOs this year, up from $113 million in 2020, as per Venture Intelligence data.
- Fintech startup Uni raises $70 million led by General CatalystExisting investors Lightspeed and Accel India also participated in this round, post which the startup is now valued at $350 million. The st...
- PayU introduces ‘Pay with Rewards’ with twid, to help merchants get more consumersPay with Rewards integrates a large network of point issuers and the merchant needs only a single integration to bring multiple loyalty pro...
- EpiFi scores $13 million in its seed roundFunding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
- Flipkart puts $4 million in EasyRewardzThe investment, as per EasyRewardz executives, is part of an ongoing funding round that could also see the startup raise capital from other...
- Esop nets Rs 71 crore for 30 former Rivigo employeesThe transactions saw a number of senior as well as middle management executives at the company vest their stock options in Rivigo Services.
- Sodexo adds Innoviti tie-up for digital switchMeal voucher companies are scouting for terminals to accept their vouchers digitally.
- When office boys get ESOPs tooAround 85% of the total strength of the Motilal Oswal Financial Services has been covered under the ESOP scheme.
- PayU launches deferral payment option LazyPay on select merchantsThe product is aimed at making checkouts faster and reduce friction of online payments.
- Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunityPayments solution company PayU plans to incentivise employees with extra leave days when required, since they supported the organisation in...
- FreeCharge to spend Rs 2,000 crore on promotions, cashbacksThe company, which has partnered five merchants for enabling users to make gas bill payments through its platform, is also aggressively tap...
- Payment fraud on the rise in India with E-commerce growthAbout $5 billion worth of online transactions are expected to happen this year. India’s ecommerce industry is projected to grow to over $12...
- Boom time for e-commerce in India; but customers face heightened risk of fraudThe low interest rates offered by payment gateways charged by credit card companies is being taken advantage of by several small traders
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