Indian Startup Ecosystem: Challenges & Future Prospects
India boasts the world’s third-largest startup ecosystem, with a 12-15% growth rate. Did you know that in 2018, India had approximately 50,000 startups across various industrial sectors? Around 8,900 – 9,300 of these were tech startups. Later, in 2019 alone, 1,300 new tech startups emerged, meaning 2-3 tech startups were launched every day! Generally, it…
abhinav singh
Paytm’s COO And President Resigns: What Next?
Bhavesh Gupta, Paytm’s COO and President, resigned along with the key leaders of different business verticals. With a wave of resignations at the top, Vijay Shekhar Sharma, the CEO and founder, has stepped into the forefront. It is anticipated that he will collaborate with the incoming leadership as the current heads of various verticals make…
ABHYUDAYA MITTAL
Nalin Negi Becomes The New CEO Of Fintech BharatPe
One of India’s biggest fintech companies, BharatPe, has finally appointed its new CEO after a stint of around 15 months. The CFO and the interim CEO of the company, Nalin Negi, has finally been appointed as the CEO of the company. Nalin Negi has proved to be an asset to the company. In his short…
Vikas
Create UPI Payments Link At Ease: Follow These Steps
Unified Payment Interface or UPI has revolutionised how we spend money in India and took the digital India initiative to a new level. Today, almost every vendor and shopkeeper uses a UPI payment system. As of July 2023, there are around 300 million UPI users in India, and around 500 million merchants use UPI systems…
Vipin
Will Paytm Be Able To Survive The Recent Crisis?
Paytm has been going through a tough time after RBI instructed Fintech to seize its Paytm payment bank services indefinitely. Paytm’s market value has dropped a whopping $2.5 billion in the last few days. Now, there are talks that the Central Bank of India might cancel the licence of Paytm Payment Bank after the March…
SHAHID MUSHTAQ
UPI Breaks Record Of 10-Billion Transactions In August 2023
The National Payments Corporation of India (NPCI) proudly announced that the Unified Payments Interface (UPI) has achieved an astounding milestone by recording over 10 billion transactions in August. This achievement underscores the growing popularity of digital payments in India. According to NPCI data, on August 30, UPI recorded 10.24 billion transactions worth Rs 15.18 trillion…
Vishal Prajapati
Paytm Joined Hands With Credit Card Issuer SBI And NPCI
One97 Communication Limited, the parent of one of the most successful fintech Paytm, collaborated with two other companies, SBI Card and National Payments Corporation of India (NCPI), on Thursday to bring a new credit card to the market. The conglomerate calls it an initiative for the growth of inclusive digital-first financial services in India. During…
Paytm Success Story: A Tale Of Unwavering Dedication
From earning Rs.10,000 at the age of 27 to becoming a billionaire at the age of 43, an exemplary man who fought through all the hardships and set up a billion-dollar empire in the newly brewed e-commerce and online payments industry. The CEO and founder of Paytm, Vijay Shekhar Sharma, is an icon who led…
SoftBank To Sell One-third Of Its Stake Via Block Deal
Japan-based SoftBank is to sell its stake of One97 Communication, owner of Paytm, worth $200 billion through a block deal on Thursday. BofA Securities, Bank of America, is the deal’s banker. SoftBank has offered to sell shares in the price band of Rs 555-601 single piece. At the lower end of the band, it is a…
One97 Communication Approved Re-appointment Of Vijay Shekhar Sharma
The shareholders of One97 Communications, a brand that operates under Paytm, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company. IiAS, an investors advisory firm, said that Vijay made several commitments in the past to make the company profitable; however, these have not played out. According…
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