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Amazon, Flipkart take aim at India's banks with new consumer loan offeringsAmazon acquired Bengaluru-based non-bank lender Axio earlier this year. Currently focused on BNPL and personal loans, Axio will re-embark o...- Amazon, Flipkart take aim at India's banks with new consumer loan offeringsAmazon and Flipkart are moving deeper into financial services in India, targeting small businesses and consumers with new lending products ...
- Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via dealWhile the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making ...
- Amazon completes Axio acquisition, secures access to direct lending business in IndiaAmazon has finalized its acquisition of Axio, an Indian non-bank lender, securing a direct lending license in India. This move allows Amazo...
- Amazon to acquire fintech lending startup Axio in a $200 million all-cash dealAxio announced in a blog post that it had signed an agreement with Amazon for a proposed acquisition in December, following the successful ...
- Digital payments show strong uptick buoyed by wider adoption of credit during festive seasonDuring this year’s festive season sales, credit cards and credit-based payment instruments like pay-later products saw a significant increa...
- Credit card usage sees a big jump this festive seasonDuring this year's festive season sales, there was a significant rise in the usage of credit cards and credit-based payment instruments suc...
- All credit to festive season, digital lenders eye more businessThe digital lending industry in India is expecting a quick rebound in business during the festive season. Fintech lenders are well-prepared...
- Amazon launches home insurance comparison website in BritainAgeas UK, Co-op, and LV= General Insurance, a unit of German insurer Allianz, will provide third-party services initially, Amazon said on W...
- Simpl appoints Vice President of Product to drive growth, expansion plansSimpl positions itself as a consumer experience platform, providing a full-stack solution for e-commerce conversion. It enables merchants t...
- Amazon vs Flipkart vs Paytm vs Freecharge vs Lazypay: Check penalty charges for Buy Now, Pay Later schemesAlthough these BNPL schemes do not have processing fees, they do charge a penalty amount for defaults or missing repayments.
- Buy Now, Pay Later or credit card: Which is better for you?While credit cards typically come with an interest-free credit period of up to 45 days, under BNPL the interest-free credit period is for m...
- Buy-Now, Pay-Later loans help fuel India’s festive recoveryPopularity is swelling for these small-sized loans that typically amount to less than Rs 5,000 ($67) as the labor market recovers from the ...
- Flipkart's Big Billion Days from October 7, Amazon says sellers upbeatAmazon India, which also holds its flagship sale - Great Indian Festival – has not announced the dates yet but they are also usually held a...
- Consumers and companies are buying in on paying laterThe option to buy now and pay later has soared in popularity, accelerating last year as consumers bought almost everything online at the st...
- Buy Now Pay Later is the flavour of festive season for top Internet firmsFintech companies too are discovering the potential of this nascent yet fast growing segment in India
- Digital payment transactions in India rise 23% between June 3-July 2: Report"With the economy inching towards normalcy, digital payment transactions have rebounded by 23 per cent in the last 30 days (June 3-July 2)....
- Amazon India offers zero-interest creditVikas Bansal, Director of Emerging Payments at Amazon, said the launch comes at a time when consumers are extending their budgets due to th...
- Flipkart banks on cardless credit to pip ecomm rivalsEtailer plans to launch several insurance products over the next six months.
- A raft of companies want you to ditch old payment habitsA new crop of payment offerings are aiming to eliminate failure in online transactions. Their solution? Let the customer pay later.
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