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ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facilityByju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty...- Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financialsTechnology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech T...
- PayU India H1 FY24 payments income rises to $211 million; fintech shutters LazyCard businessThe growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be...
- PayU India income rises to $399 million, revenue growth slowsEven as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.
- Exclusive | 150 staffers lose jobs as PayU lays off 6% of its workforceA person aware of the matter said the layoffs are spread across various teams and mainly impacted PayU India’s unit, Wibmo, a digital payme...
- Indian fintech faces tough 2023; PayU India lays off 6% of employeesThe operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory c...
- PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crorePayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net los...
- Fintech startup Uni temporarily stops servicing existing card usersThis comes after the company had stopped issuing new cards in June, after Reserve Bank of India’s (RBI’s) communication to industry stakeho...
- SBM Bank delivers a blow to card-fintechs barring onboarding of new usersFintech unicorn Slice has hit pause on new card issuance but acquiring users via UPI and other products.
- Prepaid card numbers crash; Tech Mahindra CEO bats for free spectrumUntil May, fintech companies were issuing five to seven lakh prepaid cards a month to customers. But in June the RBI barred non-banks from ...
- Prepaid card issuances dry up for fintech firmsNew numbers dip to fraction of levels before RBI bar on credit links to PPIs.
- Card-based fintechs switch to plan B for biz continuitySeveral fintech firms have reached out to leading banks to explore alternative credit models, sources told ET. These include opening a bank...
- LazyPay stops buy-now-pay-later payment product amid PPI concernsLazyPlus UPI had stopped onboarding new users last year as banking partners pulled out of the arrangement.
- PayU’s new product suite gives small businesses easier access to creditPayU's priority settlement feature allows merchants to choose between receiving funds in scheduled settlement cycles every 15 minutes, hour...
- Edtech firms join forces to set rules; Tata’s new financial marketplaceIndia’s top edtech firms are joining forces to implement a self-regulatory code on how they do business in the country. Tata Digital has se...
- PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
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