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FINTECH INTERMEDIARIES
Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish DahiyaPolicybazaar faces potential business disruption from IRDAI's proposed commission caps, prompting consideration of an insurance manufacturi...
HC ruling on Google keyword ads likely to reshape e-advertisingA Delhi High Court ruling has stopped Google from auctioning trademarked names as ad keywords. This decision impacts how companies advertis...
RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
US Stock Market: Fed weighs new payment account framework amid crypto pushThe Federal Reserve proposed a new payment account category for fintech and crypto firms, offering limited access to central bank payment i...
Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
Stock, mutual fund investing from Tier-2, 3 cities grows fast, but limited awareness, advisory gaps remain key concernsEven as individuals from Tier-2/3 cities and beyond are rapidly embracing the world of stocks and mutual funds, gaps in advisory and awaren...
Acko plans confidential IPO filing to raise $250 million; targets $2.5 billion valuationDigital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2....
Pay Point India becomes first fintech to join RBI's Centralised Payment SystemWith this membership, Pay Point India now has direct access to key payment systems—Real Time Gross Settlement and National Electronic Funds...
IT mojo returns pre-Q4 results; Flipkart's AI sprintIT stocks have gained momentum ahead of Q4 results. This and more in today's ETtech Top 5.
OpenFX secures $94 million in round led by Accel, AtomicoLightspeed, Faction VC, M13, Northzone, and Pantera participated in the funding round of the cross-border payments infrastructure startup. ...
Indian financial sector is about to be disrupted and legacy players are running out of time: KV KamathIndia's financial sector is changing fast. KV Kamath, a key figure, states disruption is happening now. Old banks and companies are falling...
Fintechs see a minefield of costs, regulatory issues as DPDP loomsThe draft Digital Private Data Protection (DPDP) rules are set to create a major compliance burden for tech startups, already reeling under...
I-T notices to Paisabazaar over payments to vendors, related partiesThe income tax department has sent notices to Paisabazaar, a subsidiary of PB Fintech, under the Prohibition of Benami Property Transaction...
Card-based business payments violated Payment and Settlement Systems Act, 2007: RBIOn February 14, ET wrote that fintech startups like EnKash, Paymate and others have been instructed by card network Visa to stop offering b...
Time to recognise ‘super-fintechs’ to enable better banking services, Cashfree Payments CEO says at ET Future of Money SummitAt the ET Future of Money Summit, Akash Sinha, Co-founder and CEO of fintech startup Cashfree Payments, said it's time to recognise a ‘supe...
Fintech, IT/ITeS companies with tripartite pacts under GST scannerThe indirect-tax department is of the view that many fintech companies, captive units of multinational banks and several other entities pro...
Banks or fintech companies — who will dominate the credit supply chain?Banks are not just intermediaries which can be made redundant by tech in foreseeable future.