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BHAVIK MERCHANT
BharatPe cofounder Shashvat Nakrani steps down as COO, to remain a directorNakrani said he will move from a day-to-day role to a strategic advisor and board director from May 1, continuing to guide fundraising, IPO...- GetVantage invests in logistics firms Celcius Logistics, Ohm Logistics and FitsolGetVantage, an embedded finance fintech platform, has invested in three logistics companies - Celcius Logistics, Ohm Logistics, and Fitsol....
- NCLT approves Swan Energy's loan repayment to Reliance Naval by one yearSwan has set up the board with its managing Director Nikhil Merchant, Executive Director Paresh Merchant and Bhavik Merchant and Vivek Merc...
- Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPeBahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head ...
- EOW files FIR against BharatPe cofounder Ashneer Grover and his familyThe family members named in the FIR include Grover’s wife Madhuri Jain Grover, as well as Deepak Gupta, Suresh Jain and Shwetank Jain.
- EdTech startup Kyt raises $5 million led by Alpha Wave IncubationThe startup runs extracurricular courses online by combining live classes with video-based revision materials for children aged 5 to 15.
- Kyt raises $2.5 million in funding from SurgeThe company plans to increase its teacher base to 500 over the next 12 months and add more courses
- Government writes to banks on patchy PoS numbersBanks were allocated targets of 20 lakh physical and mobile PoS deployment in FY19 but achieved only 44% of the target by the end of Januar...
- Demonetisation impact: Bharat going digital for paymentsPayments company executives estimate that card transactions in towns with populations of up to 1 million have doubled in the two years sinc...
- Paytm is looking to cash in with a PoS business planThe payments player, which was using QR codes to ramp up offline digital payments, is now opening card payments at merchant locations as we...
- Global payment firms ready to cut more cheques in IndiaPayment multinationals such as US-based Ebix, Naspers-backed PayU, France’s Ingenico Group and PayPal are among those that have established...
- Festive spirit keeps e-wallets on a highThe festive week throughout Diwali, Dhanteras and Bhai Dooj this month saw a jump of three-four times in peer-to-peer payments through digi...
- ItzCash parent Ebix acquires Paul Merchants for $41 million in an all cash dealThis deal paves the way for Ebix to capture the largest share of the foreign remittance business in India and is its third acquisition afte...
- US-based Ebix puts aside $100 mn for India playItzCash owner sets up aggressive growth path, to use money for investments and acquisitions here
- A roadmap to push digitisation of retail paymentsThe central bank is planning to release the final guidelines around prepaid payment instruments (PPIs) or mobile wallets.
- Anxiety for PPI players remain as RBI does not announce a time frame for final guidelinesReserve Bank of India has said that two crucial decisions on digital payments will be released next year without giving the timeframe.
- Ebix set to acquire international remittance business of Wall Street FinanceIn the first leg, the company will acquire Wall Street Finance’s wholly owned subsidiary Goldman Securities (GSPL) for Rs 5.1 crore.
- ItzCash turns a page with profits, revenue jumps 40% to Rs 250 croreMumbai-based payments company is seeing 6.5 lakh transactions a day, according to its MD Surya
- BHIM to be the right platform for small banks to enter payment space"BHIM is a minimum white-label application, beyond which banks can offer additional stacks of experiences unique to our customers or perhap...
- Post-demonetisation, payment and financial technology scramble for talentPaytm, MobiKwik, PayU, Freecharge, ItzCash and other digital wallet cos have been hiring people in key leadership positions, top company of...
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