Players such as Pine Labs, Innoviti Payments and Worldline are working on new technology-led devices to not only retain merchants, but also attract retailers from smaller cities.
With the latest financing round, OkCredit has raised more than $17 million in total. OkCredit connects small retailers with customers and suppliers digitally.
Payments company wants to retain these wallets even after Aug 31 when RBI’s new norm kicks in.
Equity funding drops 5% to $394 million as risk investors turn chary about backing digital lending startups.
Around 120 million merchant UPI transactions may have taken place in May; Paytm leads the race.
For India's cooperative banks, there seems to be only one way to remain relevant in the fast changing times.
Worldline takes on competition offering enhanced features on Android terminals.
This could be one of the first official acknowledgements of the total number of digitally transacting active users in India.
Avail Finance, founded by Ankush Aggarwal and Tushar Mehndiratta, will use the funds to foray into a neo-banking platform.
The tech giant’s payment offering recorded more than 240 million transactions in May 2019. PhonePe clocked around 230 million, followed by Paytm at 200 million.
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