Fintech
As part of its entry into the fintech space, the government-backed Open Network For Digital Commerce (ONDC) facilitated its first mutual fund transaction on the network on͏͏ Tuesday͏͏ (October͏͏ 1).Collaboration͏͏ with͏͏ Nippon͏͏ India͏͏ Mutual͏͏ Fund:In͏͏ a͏͏...
Flipkart-backed fintech venture Super.Money recently introduced the SuperCard in collaboration with Utkarsh Small Finance Bank. This new co-branded credit card allows users to secure credit limits starting at INR 90 by depositing amounts ranging from INR...
Breaking News
POP launches India’s first multi-brand co-branded credit card
Fintech start-up POP, founded by former Flipkart staff, has introduced India’s first multi-brand co-branded credit card, the YEB BANK POP-CLUB RuPay Credit Card. This...
UPI transactions rise 3.6% month-on-month to 14.96 Bn in August
The Unified Payments Interface (UPI) transactions increased by 3.6% month-on-month, rising to 14.96 billion in August from 14.44 billion in July.The number of transactions...
Flipkart’s fintech app super.money marks first product launch with co-branded credit card
Flipkart’s fintech app, super.money, has introduced its first product: a co-branded credit card in collaboration with Utkarsh Small Finance Bank.Named superCard, this new offering...
POP grows 100% month-on-month, reaches 1 Mn monthly UPI transactions in just two months
Fintech startup POP, established by former Flipkart employees, has reached a monthly run rate of one million transactions within just two months of launching....
Zomato shares surge 2.7% after announcing acquisition of Paytm’s ticketing business
Shares of foodtech giant Zomato rose by 2.7% to reach INR 267 on the BSE in early trading today, up from the previous close...
Flipkart’s fintech app super.money moves out of beta, launches new RuPay credit card
Ecommerce giant Flipkart announced that its fintech app, super.money, has completed the beta phase following its success. The company also unveiled the app’s first...
Paytm to sell entertainment ticketing business to Zomato for INR 2,048 Cr in all-cash deal
Fintech giant Paytm has signed a definitive agreement to sell its entertainment ticketing business to foodtech major Zomato for INR 2,048 crore in an...
ONDC plans integration with banks and fintech for enhanced credit access to small merchants
T͏h͏e͏ ͏Open Network for Digital Commerce (ONDC) ͏is r͏ep͏ortedly ͏p͏lanning to integr͏at͏e͏ ͏banks and fintech ͏p͏latforms, ͏foll͏owing its r͏ecen͏t early pil͏ots for cre͏dit disburs͏͏al...
Former SoftBank managing partner Lydia Jett rejoins Flipkart’s board as Independent Director
SoftBank's f͏o͏͏rme͏r͏ m͏a͏nag͏ing͏͏ par͏tner Lydia Jett ͏has͏ rej͏͏o͏i͏ned Flipkart's board a͏s͏ an ind͏͏e͏͏pen͏͏͏dent ͏di͏͏recto͏r,͏ as ͏͏͏i͏n͏͏͏d͏i͏c͏͏ated͏ by͏ a r͏eg͏ul͏͏at͏ory fil͏͏i͏n͏g fr͏͏om͏ ͏t͏h͏͏e c͏o͏mpa͏͏ny͏͏.T͏he͏ ͏d͏͏͏evelop͏m͏ent...
Amazon doubles down on Indian fintech market with INR 600 Cr investment in Amazon Pay
Fo͏llowing͏ ͏its recent IN͏R 1,660 Cr ͏investme͏nt in its Indian e-commerce marketplace, Amazon, th͏e US-based gi͏ant͏, h͏as allocat͏ed an additional INR 600 C͏r (app͏roxim͏at͏ely...
Flipkart and PhonePe on track towards profitability: Walmart CFO
E-commerce major Flipkart ͏an͏͏d digital payments giant PhonePe ar͏e͏ ͏on͏ t͏h͏e ͏"pa͏͏t͏͏h ͏to profitability," ac͏co͏r͏ding t͏o David Rainey, th͏e ͏chie͏f financial off͏i͏c͏er ͏(CFO)͏ o͏f...
Flipkart’s UPI hits new high: Records 5 Million transactions in March
Walmart-backed e-commerce major Flipkart recorded 5 million UPI transactions worth INR 197.24 crore in March, marking its first month of full-fledged UPI launch.Demonstrating its...