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PHONEPE LOSS REDUCTION
Fintechs go easy on IPO plans as war rattles stock marketsPublic listing plans for new-age fintech companies have received a major blow as the crisis in West Asia has battered the Indian rupee and ...- NPCI's RuPay credit card fee cut will not impact its overall financial performance: Paytm to exchangesPaytm said NPCI has cut TPAP and Payer PSP fees on RuPay UPI credit card payments, affecting only consumer app revenue and not revenue earn...
- PhonePe narrows loss in FY25 as revenue jumps 40% to Rs 7,115 crorePhonePe, backed by Walmart, reduced its net loss in fiscal year 2025. The fintech firm's revenue increased significantly. Payment services ...
- Accenture jitters hit IT; Apple’s India push, chartedIT bellwether Accenture’s Q3 results shake up India’s $280 billion software exports sector. This and more in today’s ETtech Top 5.
- ONDC retail order numbers decline as financial incentives fadeONDC initially provided financial incentives to onboard sellers, drive transactions, and fund customer discounts and offers. However, it ha...
- Ecommerce space heats up; and other top tech, startup stories this weekWelcome to another edition of ETtech Unwrapped – our weekend newsletter. It has been a packed week for ecommerce and quick commerce news. T...
- Flipkart, PhonePe on path to profitability: Walmart CFOWalmart CFO David Rainey said ecommerce company Flipkart and PhonePe are on the path to profitability. Flipkart’s losses in the ecommerce s...
- Ecommerce in slow lane; PhonePe-BharatPe truceHappy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Mor...
- Exclusive: ED seeks look out notice against Byju RaveendranThe Directorate of Enforcement has asked the Bureau of Immigration to issue a look out circular against Raveendran, sources told ET. The ce...
- Flipkart close to profitability: CEO Kalyan Krishnamurthy tells staffWhile Flipkart has been working to reduce its costs for the past two years, this is the first time Krishnamurthy has spoken publicly to emp...
- Decoding MobiKwik’s second attempt at public listingThis is the second time One MobiKwik Systems has filed its draft papers. MobiKwik had abandoned its initial listing plans in 2021, citing w...
- Payments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 croreTotal expenses for Cashfree more than doubled to Rs 750 crore during the year, mainly on account of employee costs jumping to Rs 198 crore ...
- Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.
- PhonePe among top fintech companies with $1.3 trillion total payment value: WalmartWalmart, the world's biggest retailer, said its digital payments firm PhonePe has a total payment value (TPV) of $1.3 trillion, equalling s...
- ETtech Unwrapped: Gig workers versus Blinkit, and other top stories this weekEven for Blinkit, the change in payout structure was the straw that broke the camel’s back with delivery executives telling us that they ha...
- Exclusive: Big payday for PhonePe founders post Flipkart Esop saleCofounders to receive $20-25 m each by liquidating stock options in erstwhile parent
- Paytm parent One97 cuts losses by 28% to Rs 2,833 crore in FY20The operator of India's largest fintech startup cut its expenses by 20% to Rs 5,861 crore in 2019-20, though revenues fell marginally to Rs...
- State Bank of India's digital startup, YONO, could be a $40 billion goldmineThe bank's YONO super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity on...
- MakeMyTrip posts strong Q1 2019 resultsThe company’s sales and marketing promotional expenses fell more than half to $55.9 million, from $133 million in the year-ago period.
- Naspers may partner Tencent to deliver $200 million to SwiggyThe development comes shortly after Japan’s SoftBank dropped out of talks to invest $200-250 million in Swiggy for a significant minority s...
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