Diwali Shopping: A 2% convenience fee on BNPL can cost you as much as 72% interest per annum, compare the cost before you buyFestive season around Diwali has traditionally been the period when people typically spend highest amount on shopping in any given year. Th...
30 Oct, 2023, 03.03 PM IST
Slice temporarily stops users' cards to adhere to RBI's digital lending rulesFintech startup Slice has communicated to customers that it would stop operation of its cards temporarily next month, as it transitions to ...
29 Oct, 2022, 11.06 PM IST
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...
20 Aug, 2022, 07.44 AM IST
Ecommerce sales tepid as consumption growth slows downDaily shipments growth moderates, pegged at 20 per cent for FY23; sale days boom muted.
25 Jul, 2022, 10.09 PM IST
FPL Technologies set to be newest fintech unicornFounded in 2019, FPL Technologies operates digital credit score platform, OneScore, and has a total of 10 million registered users utilisin...
13 Jul, 2022, 09.27 PM IST
Important to understand RBI objective, we remain well capitalised: Slice CEO BajajBajaj's note comes after a circular from the Reserve Bank of India (RBI) last month sent the fintech industry into a tizzy.
08 Jul, 2022, 08.02 PM IST
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.
05 Jul, 2022, 06.22 PM IST
LazyPay updates terms to comply with RBI orderThe buy-now-pay-later (BNPL) service asked customers in a message on Thursday to accept the terms, failing which all transactions would be ...
30 Jun, 2022, 08.24 PM IST
Fintechs seek six months to comply with RBI credit rule“This is very critical as other RBI guidelines like the one on co-branding cards came in advance, giving time to companies to react. Monday...
24 Jun, 2022, 09.57 AM IST
Card-based fintech in dire straits with PPI lending banSome partner banks of these card-based fintech firms may also stop supporting their bank PPIs to these platforms after seeking a clarificat...
23 Jun, 2022, 05.14 PM IST
Fintechs to ping government, RBI on central bank noteThe industry groupings are likely to also highlight the quantum of global capital that’s been invested in the space and how such disruption...
22 Jun, 2022, 09.07 PM IST
Fintechs behaving like banks may have triggered RBI order on credit linesThe fintech companies likened the order to giving traditional banks significant control of the sector's innovation stack, potentially affec...
22 Jun, 2022, 07.33 PM IST
RBI circular leaves fintech firms dazed and confusedThe banking regulator believes that fintechs, unlike traditional lenders, lack sufficient capital and credit underwriting capabilities, sai...
22 Jun, 2022, 06.00 AM IST
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...
19 Jan, 2022, 05.35 PM IST
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...
11 Jan, 2022, 03.41 PM IST
Fintech startup IppoPay raises $2.1 million from Coinbase Ventures, Better Capital, othersThe startup looks to use the fresh capital to further strengthen its technology stack, including its payments engine, and power its growth ...
11 Jan, 2022, 11.32 AM IST
Fintech startup Slice rolls out 3-day work weekUnder the programme, Slice will hire full-time engineers, product managers, as well as designers to work on the company’s major projects su...
04 Oct, 2021, 07.26 PM IST