Fintech company Pine Labs consider $1 bn IPO in India: Report
Mumbai: Pine Labs Pvt, an Asian digital payments provider supported by Peak XV Partners and Mastercard Inc., is reportedly considering raising about $1 billion through an initial public offering (IPO) in India, media reported.
Fintech unicorns BharatPe Group and PhonePe resolve all legal disputes over trademark suffix 'Pe'
Mumbai: Fintech unicorns BharatPe Group and PhonePe Group have reached a mutually agreeable resolution for all long standing legal disputes in connection with the use of the trademark suffix 'Pe', the companies said in a joint statement, according to media reports.
Investor education is critical for financial inclusion of youth in digital overload era, say experts
New Delhi/IBNS: The Investor Education and Protection Fund Authority (IEPFA), in collaboration with the National Council of Applied Economic Research (NCAER), which is India’s oldest independent economic think tank, and the Department of Commerce, DSE, University of Delhi recently hosted a conference for youth to bolster financial literacy and inclusion.
Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco
New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.
RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Paytm transfers nodal account to Paytm Payments Bank to Axis Bank
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
Hit by RBI restrictions, Paytm to set up advisory committee headed by ex-SEBI Chairman M Damodaran
Mumbai: One97 Communications, the fintech company that owns the Paytm brand, revealed on Friday that it would set up an advisory committee led by former SEBI Chairman M Damodaran, media reported.
Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.
Spice Money's user network grows 12.67% in West Bengal in 2023
Kolkata: Rural fintech company Spice Money, a subsidiary of DiGiSPICE Technologies, has launched the Spice Money Guarantee Drive in West Bengal.
New Delhi: Fintech unicorn BharatPe has been served a notice by the Ministry of Corporate Affairs (MCA) under Section 206 of the Companies Act, asking the company to furnish details regarding legal actions taken against its founder, Ashneer Grover.
Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.
Reasons for RBI's crackdown on Paytm Payments Bank: Report
Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.
Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr
Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.