PhonePe Cancels Deal with ZestMoney Over Due Diligence Concerns
Walmart-backed PhonePe has cancelled a deal with ZestMoney over due diligence concerns. It would be a massive setback for the buy-now, pay-later platform, whose backers...
Tag : PayU
Fintech Startup Nimbbl Raises $3.5 Million to Boost Market Presence
Fintech startup Nimbbl said on Tuesday it had raised $3.5 million in funding from financial services platform Groww, Sequoia Capital India and Global Founders Capital...
Payments Council Launches Common Icon Library for Uniformity, Fraud Prevention
The Payments Council of India (PCI), the apex body for payment and settlement players in the country, has launched an initiative called ‘Project Pratima’ to...
RBI Asks Paytm to Reapply for Payment Aggregator License in 120 Days
On November 26, Paytm informed exchanges that the Reserve Bank of India (RBI) had asked to Paytm Payment Services (PPSL) to reapply for the payment...
Open Gets RBI’s In-Principle Approval For Payment Aggregator Licence
Open, a new business-to-business banking platform, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license, the company...
Supernova Raises $1.1 Million Funding from Lumikai, Others
On October 13, Supernova, a startup that provides interactive live quizzes for kids on CBSE topics, said it had raised $1.1 million in funding led...
Prosus Terminates PayU’s $4.7 Bn Acquisition of BillDesk
On Monday, Netherlands-based Prosus NV, the parent company of PayU Payments, said it had terminated the deal to acquire Indian payment aggregator BillDesk. It is...
PhonePe Tokenises 14 Million Cards Ahead of RBI’s September 30 Deadline
PhonePe said Thursday that it had flagged 14 million credit and debit cards on its platform by the Reserve Bank of India’s (RBI) information security...
Jupiter Steps into Mutual Fund Investing with Impunity SIP
On August 10, Jupiter, a new banking platform backed by Sequoia Capital and Tiger Global, announced its foray into investing, starting with penalty-free SIP direct...
Open Becomes India’s 100th Unicorn With $50 Million Led By IIFL
Open, a new banking platform for small and medium enterprises (SMEs), has raised $50 million at a $1 billion valuation. This makes it the 100th...