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PhonePe, Google Pay duopoly weakens as market share slips below 80%IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fe...
ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capitalWhile Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies ha...
UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billionDaily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consum...
RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart betHappy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This a...
One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...
Amazon primes a Blinkit showdown; New insurance models prop upHappy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morni...
Instant househelp orders jump; Agnikul eyes new fundingHappy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Mor...
Payments companies see PoS pause on war-related imports squeezeIndia's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to disruptions in imports from China and...
PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
Paytm shares climb 5% after Q4 results. Do Jefferies, Goldman Sachs and Bernstein see further upside?Paytm's parent company, One 97 Communications, reported a profit of Rs 184 crore for the fourth quarter. This led to a significant rally in...
Paytm Q4 Results: Co turns to black, logs profit of Rs 184 crore vs loss a year agoPaytm Q4 Results: One 97 Communications, which operates Paytm reported a net profit of Rs 184 crore in the fourth quarter, compared with a ...
UPI volumes report 3% dip in April to 22.5 billion transactions after record high numbers in MarchUPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilience, India's digital payments sect...
Palo Alto Networks acquires Portkey; Tim Cook on Apple's India growthPalo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5.
Smaller UPI apps to demand fresh curbs on market leaders at NPCI meet: SourcesSmaller third-party UPI players are set to propose new curbs on market leaders like PhonePe, Google Pay, and Paytm to the NPCI. They aim to...
SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram FinanceIndian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial res...
Paytm's average monthly transactions jump 20% YoY, loan disbursement up 137%It also reported a 137% YoY jump in its loan distribution business where the payment platform disbursed loans worth Rs 10,710 crore in July...
Paytm shares climb 4% after merchant payment volumes rise 39% YoY in JulyPaytm in an exchange filing said that the merchant payment volumes (GMV) for the month of July 2023 stood at Rs 1.47 lakh crore ($17.9 bill...
Paytm logs 400 million transactions a monthFirm identified transportation, food delivery, gaming, travel and telecom as fast-growing categories.