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Paytm Payments Bank transitions bill payment operations to Euronet Services India, impacting commission revenue. Senior executives resign amidst business challenges, influencing OCL’s performance in the market.
India’s data centre capacity will double to 2,000 MW by 2026, driven by ‘green energy’. The industry expects substantial growth, with increasing internet users and digitisation fueling demand for data centres.
Paytm Payments Bank transitions bill payment operations to Euronet Services India, impacting commission revenue. Senior executives resign amidst business challenges, influencing OCL’s performance in the market.
Fintech startup Simpl has laid off around 100 employees in a restructuring exercise, a media report said on Wednesday.
While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 2.55 billion in April, while the top 20 deals summed up to about USD 1.82 billion.
Pine Labs developed Sesame, a large language model for BFSI in India, with Setu and Sarvam AI. Sesame leverages financial data for credit underwriting, fraud detection, loan monitoring, and finance advice, emphasizing the account aggregator framework and Applied AI.
SMICC’s assets under management (AUM) stood at Rs 42,487 crore as of December 31, 2023, while the April-December 2023 disbursements were higher by 46 per cent compared to the year-ago period at Rs 28,790 crore.
Fintech company Lendingkart, on Tuesday, said that it raised $10 million by way of external commercial borrowing from a fund managed by a leading global impact investment manager and member of the Schroders Group ‘BlueOrchard’.
Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwal’s Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by …
Brazilian payment company Ebanx set to start India operations with Yes Bank Read More »
