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VENTURE INFOTEK
Lending is the flavour of the month, but there’s enough space for us all: Piyush KhaitanKhaitan explains why lending becoming the flavour of the year among venture capital funds might be good for merchants.- NeoGrowth gets Rs 108 crore funding from IIFL Wealth Management’s Seed Venture FundThe development comes as investor interest in non-banking finance companies (NBFCs) has increased, especially those lending to small mercha...
- Khosla Impact invests undisclosed amount in NeoGrowth"We entered the online lending space recently. We plan to commit significant investment to building this aspect of our business,"
- Risk capital firms now backing small business lenders in hope to recreate successFinance companies that provide loans to small businesses are grabbing the attention of risk capital investors.
- Indians spend record amount by cards to buy gold on Akshaya TritiyaOn Akshaya Tritiya, which is considered the most auspicious day for buying the yellow metal, the total spends through cards jumped to about...
- Europe’s card services company to buy Venture Infotek for $100 millionThis will be the largest deal in the payment space, bigger than KKR’s acquisition of ICICI Bank’s merchant acquiring business.
- Usage of credit cards on the rise againCredit card use - a strong indicator of consumer confidence - is on the rebound, touching a 15-month high in May.
- Credit card transactions fall 40 per cent on bandh dayCredit card transactions across the country were 40% lower than average on Monday because of the strike. Also, a study of the trend shows t...
- Banks offer credit card defaulters easy loan to settle duesMany banks are offering lucrative schemes to card holders in order to pare down their credit card exposure following a sharp increase in ba...
- Corporation Bank mulls launch of multi-utility cardsCorp Bank is considering launching a multi-utility cash card, which can be used as a debit, credit and pre-paid card, in the current year.
- US firm Discover ties up with Venture InfotekAmerica’s fourth-largest credit card company, Discover Financial Services, which also provides electronic payment services in competition t...
- First Data leads race for ICICI unitFirst Data Corporation is understood to have emerged as the successful bidder for ICICI Bank’s point of sale (PoS) terminals.
- ICICI to hive off PoS units first; delays plans to separate ATM networkA deal finalising the sale of the bank’s two lakh-plus PoS terminals, which are used for swiping credit and debit cards for payments, is ex...
- ICICI may spin off ATMs, sales pointsICICI Bank, is looking at setting up a new entity to house its ATMs and point-of sale terminals, which accept credit and debit card payment...
- Debit card usage rising faster than credit cardsPayment by debit cards in India is rising at a faster clip compared to spendings through credit cards.
- RBI to appoint new Ombudsman Serving OfficersThe Reserve Bank would appoint Ombudsman Serving Officers in addition to ombudsmen already functioning at different centres in the country ...
- RBI to appoint credit card policeRBI to appoint Ombudsman Serving Officers at different centres to redress credit card-related complaints
- Now, CFOs join the exit queueThe team leaders have set them a trail. After CEO exits recently hit a peak, it’s the turn of CFOs to go job-hopping.
- WNS off to a flying startThe WNS listing on the NYSE has started out well with the company reaching close to $975m in market cap. The company has gained nearly $200...
- Govt clears 15 FDI proposals worth Rs 82.42 crThe government on Wednesday cleared 15 foreign direct investment proposals worth Rs 82.42 crore, including a Rs 50 crore proposal of Maurit...
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