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Paytm’s offline payments strengthen, loan distribution biz gains scale in Q4
Paytm reported an increased subscription of merchants for its payment devices and growth in its pay…
Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato
Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…
Flipkart to distribute Axis Bank personal loans of up to ₹5 lakh
The platform, which has 450 million customers, will be distributing loans of up to ₹ 5 lakh which c…
PTI
Google has removed 2,500 fraudulent loan apps from its Play Store, says FM
The matter is also regularly discussed and monitored in the meetings of the Financial Stability…
PTI
Paytm to focus on big ticket loans to low-risk credit-worthy customers
India's leading payments and financial services distribution company Paytm has announced its expans…
ANI
Rashi Peripherals IPO: Hardware distribution major set for Dalal Street plunge – All you need to know
With a wide footprint as well as a wide product range, Rashi Peripherals has been able to garner a …
Paytm’s losses narrow to ₹291.7 crore in September quarter
One 97 Communications that runs Paytm posted a ₹291.7 crore loss in the second quarter of FY24. Its…
Personal loans remain the dominant Fintech product, accounting for 96% of the total disbursement volume: Equifax and FACE
The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan d…
Adani Energy Solutions attains financial closure for its $1 bn green loan facility from 9 banks
Adani Energy Solutions Limited (AESL) on Monday announced the financial closure for its $1 billion …
Bihar self-help groups raise the most loans but Andhra tops in loan quality
Farm incomes grew between 1.3-1.7 times in FY22, non-farm income grew between 1.4-1.8 times, accord…
The majority of PPP loans went to business owners and high-earning households, a new study shows
Of the $510 billion in PPP loans extended in 2020, as little as one quarter went directly to worker…
Hayley Cuccinello
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
5 ways Biden just tweaked the PPP to help the smallest businesses survive
Biden's changes to the PPP help businesses with less than 20 workers (or none at all) and those wit…
Ayelet Sheffey
El Salvador is partnering with a solana-based lending company to offer crypto loans to businesses, report says
The loans, Acumen project manager Andrea Gómez told CoinDesk, will have an annual interest rate of …
Phil Rosen
Serum Institute of Life Sciences to invest additional $150 million in Biocon arm
The Serum Institute of Life Sciences said on Tuesday that it will invest another $150 million in Bi…
More than half of the money from the Paycheck Protection Program went to just 5% of recipients
The federally funded program was meant to help small businesses keep paying employees, but new data…
Barbara Smith
AOC swings at the White House for weighing only $10,000 in student debt relief: 'We can do better'
Ocasio-Cortez said the meager student loan relief amount risks backfiring on Biden by angering just…
Juliana Kaplan,Ayelet Sheffey…
2,600 student-loan borrowers are getting $11 million in payments after a federal consumer watchdog accused a debt relief company of illegally charging fees — and encouraging customers to 'stop paying their student loans altogether'
The CFPB filed a complaint accusing GST Factoring, which runs a student-debt relief business, of "c…
Ayelet Sheffey
ADB, Indian govt sign $220 mn loan agreement to improve energy security
Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, the ministry of finance, …
ANI
From UPI innovations to digital credit potential – these are the growth drivers in Paytm’s business
Paytm has been witnessing a sustained growth in revenues, which reached ₹2,062 crores in the Dec-23…