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SUPERMONEY FINTECH
UPI volume eases 2.1% in June to 22.72 billion from May peakUPI processed 22.72 billion transactions in June, a slight dip from May's record, but daily averages hit an all-time high. Despite fewer da...- Why Meta’s Cred investment matters for WhatsApp Pay in IndiaMeta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fi...
- PhonePe, Google Pay duopoly weakens as market share slips below 80%IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fe...
- Big banks like HDFC, Axis offer to process more credit lines on UPIAfter a long wait, large banks are finally preparing to launch credit products on UPI. The credit line feature, introduced by NPCI in 2023 ...
- UPI transactions touch 20.7 billion in October, NPCI data revealsIn value terms, this was a rise of 9.5% to Rs 27.28 lakh crore from Rs 24.9 lakh crore in September. YoY transaction count grew 25%, while ...
- UPI hits record Rs 94,000 crore in daily transactions this OctoberUPI daily transactions reached a record Rs 94,000 crore in October, up 13% from September, driven by festive spending and lower GST rates. ...
- Flipkart-backed Super.money partners with Juspay to expand into D2C checkoutSuper.money, Flipkart’s fintech arm, has teamed up with payments firm Juspay as it prepares to launch a direct-to-consumer checkout service...
- Smaller UPI players nibble at veterans’ transactions shareThe race for Unified Payments Interface (UPI) market share is heating up, with smaller fintechs ramping up volumes and pushing into territo...
- Walmart-backed Flipkart invests $30 million into Supermoney to expand fintech, stock broking pushFlipkart is boosting its fintech arm, Supermoney, with a fresh $30 million investment, following a $20 million infusion last year. Supermon...
- Banks, fintechs push FD-tied credit cards, slash limit to secure more usersBanks and fintechs in India are offering low-limit secured credit cards, backed by fixed deposits, to expand access to formal credit. With ...
- India needs a 'Desi Counter Intuitive UPI App' to truly leverage data: SBI ReportA State Bank of India report suggests India requires a domestic UPI application. This app will help leverage data and reduce dependence on ...
- Flipkart secures NBFC licence from RBI, to begin lending from own booksWalmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to cu...
- Amazon infuses Rs 350 crore into India payments business amid growing competitionThe move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is...
- Flipkart’s Super.money acquires BharatX’s tech, key team members to expand credit offeringsThis deal does not involve a full acquisition of BharatX, a Y Combinator-backed fintech credit startup, given its existing credit-related l...
- Flipkart may lead $35-40 million round in its Super.moneySuper.money, started by Flipkart senior executive Prakash Sikaria, is among the big focus areas at Flipkart for its financial services and ...
- Flipkart-backed SuperMoney launches UPI appSuper.Money, the fintech wing of Flipkart, debuted its credit-first UPI app post a beta phase with 10 million transactions. The venture pla...
- Flipkart consolidates fintech offerings into single vertical ahead of festive salesFlipkart has integrated its various fintech services into a single vertical named ‘Flipkart Pay’. This new platform includes services like ...
- Flipkart launches beta version of its new fintech venture, Super.MoneyEcommerce major Flipkart launched a beta version of their financial app, Super .Money, on the Google Play Store. This app aims to be a one-...
- SuperMoney raises $1 million in funding from Unitus VenturesThe fintech startup will use this capital to expand its team and launch operations in new cities.
- Uber introduces Uber Care for its driver partner community in IndiaUber announces the launch of Uber Care, a first-of-its-kind comprehensive platform for thousands of driver partners who choose to drive usi...
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