Browsing: India

Walmart-backed PhonePe is set to launch its Android app store this week with zero commission on in-app purchases for developers. The app store is powered by…

Over 150 investorsincluding Singapore’s sovereign wealth fund Temasek and Malaysia’s Khazanah, gathered at Mumbai’s five-star Trident Oberoi hotel on a recent Friday for venture capital firm…

India’s central bank has extended the deadline for some business restrictions on Paytm’s Payments Bank to March 15 in the “larger public interest”, dashing hopes of…

Prolific ransomware gang LockBit has claimed responsibility for hacking one of India’s leading stockbrokers, Motilal Oswal. Indian authorities say they are aware of the incident and…

India is facing a dilemma in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay over the country’s ubiquitous UPI payments network, which…

An Indian parliamentary committee has urged the government to support the development of domestic fintech players that can offer alternatives to Walmart-backed apps PhonePe and Google…

India’s central bank said on Thursday it takes supervisory action and imposes business restrictions only after “persistent non-compliance” with rules, its first comment since last week’s…

River, an Indian electric two-wheeler startup, has raised $40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to…

Reliance Industries spinoff Jio Financial Services said on Monday evening that it is not in talks with Paytm to acquire the wallet business, denying “speculative” media…

Shares of Paytm plunged 10% on Monday, their third straight session down, to hit a record low of 438.35 Indian rupees (or $5.28) after the RBI…