Indian fintech market to grow to $31 bn by 2020 says Niti Aayog's Amitabh Kant
5 years, 7 months ago

Indian fintech market to grow to $31 bn by 2020 says Niti Aayog's Amitabh Kant

Firstpost  

Kant said that India is the only country in the world with over a billion mobile connections and biometrics The fintech market in India is likely to expand to $31 billion in 2020, Niti Aayog CEO Amitabh Kant said on Thursday. Kant said that India is the only country in the world with over a billion mobile connections and biometrics, providing enough scope for penetration of fintech technology. $6 billion investments have already happened in fintech market in the country in the last three to four years.” “Fintech market in India is likely to expand to $31 billion in 2020,” Kant said at the event organised by industry body Assocham and added that the government has played a key role in building fintech startups in the country. Noting that unlike China where all data is owned by Alibaba and the US where data is owned by Google and Facebook, Kant said, data in India is owned by the government.

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History of this topic

Fintech sector witnesses 33% fall in funding at $1.9 billion in 2024
1 day, 14 hours ago

Fintech sector witnesses 33% fall in funding at $1.9 billion in 2024

New Indian Express  

BENGALURU: Though the country’s fintech ecosystem is considered one of the top three globally funded sectors in 2024, after the US and the UK, it managed to raise only $1.9 billion in 2024, which is a 33% drop compared to $2.8 billion secured in 2023 and a 66% decline from $5.6 billion raised in 2022, according to data shared by …

Is the fintech sector in India under a regulatory siege?
1 week, 5 days ago

Is the fintech sector in India under a regulatory siege?

Live Mint  

The regulatory developments and the actions of the Reserve Bank of India on fintech entities in 2024 received widespread coverage. So, is the narrative of the fintech sector facing regulatory headwinds really true? These numbers do not seem to support the view that the fintech sector is under increased regulatory scrutiny. A fintech firm with an innovative product idea or …

India Could Be Apple and Samsung’s Solution to the Future of Phones
1 month, 1 week ago

India Could Be Apple and Samsung’s Solution to the Future of Phones

Wired  

The giant companies that make the phones in our pockets have a problem. So there's a lot of room for growth,” says Navkendar Singh, IDC India’s associate vice president of devices research. In one important sense, though, India is quite different from key Western markets, because the phone isn’t just a complement to other devices like a home PC or …

RBI to take on Google, Microsoft with its first-ever cloud platform: Report
1 month, 4 weeks ago

RBI to take on Google, Microsoft with its first-ever cloud platform: Report

Live Mint  

The Reserve Bank of India plans to launch an affordable, local cloud data storage pilot programme in 2025, for financial firms, Reuters reported, citing two sources. The RBI's new initiative will use local IT companies and compete with global providers like Amazon Web Services, Google Cloud, IBM Cloud, and Microsoft Azure, it added. The second source told the news agency …

India at the Forefront of Digital Revolution: RBI’s Patra
2 months ago

India at the Forefront of Digital Revolution: RBI’s Patra

Deccan Chronicle  

Mumbai: India is at the forefront of the digital revolution and financial technology is speeding up digital payments, the Reserve Bank of India Deputy Governor Michael Debabrata Patra said on Wednesday. Patra in his inaugural address at the DEPR Conference on 'Digital Technology, Productivity and Economic Growth in India' said that the country is uniquely positioned to unlock new growth …

US Banks Open Purse Strings for Indian IT: A Boon for the Industry
2 months, 3 weeks ago

US Banks Open Purse Strings for Indian IT: A Boon for the Industry

Live Mint  

US banks are showing a renewed interest in Indian IT services, with share prices of major banks like JPMorgan and Bank of America up by 52-68%. This growth is expected to benefit Indian IT companies, which rely heavily on the banking segment for most of their revenues. The BFSI sector is seeing increased growth, with Indian IT services companies like …

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America
3 months, 3 weeks ago

'India has become launching pad for technology': PM Modi says made-in-India chips to be seen in America

India TV News  

New York: Prime Minister Narendra Modi unveiled an ambitious plan in the realm of technology, where he said the United States would soon see made-in-India Micron semiconductor chips. Addressing a crowd of 15,000 members of the Indian diaspora, PM Modi said India has become a launching pad for technology. India wants more and more devices in the world to run …

India's fintech revolution driving global ease of living, says Modi in Mumbai
4 months, 2 weeks ago

India's fintech revolution driving global ease of living, says Modi in Mumbai

Hindustan Times  

Mumbai: Prime Minister Narendra Modi, addressing the Global FinTech Fest in Mumbai on Friday, declared that India's fintech revolution has enhanced the quality and dignity of life, and will bring ease of living to the entire globe in the future. Modi emphasised the unique nature of India's fintech revolution, noting, "The fintech revolution of India is not only known for …

Indian Banks Want Customers, But No Smartphones Please
5 months, 2 weeks ago

Indian Banks Want Customers, But No Smartphones Please

Live Mint  

-- In the past year, more than 600 Indian banks moved $2.5 trillion, or 80% of gross domestic product, between customer accounts. “Banks shall assign an additional 5% run-off factor for retail deposits which are enabled with internet and mobile banking,” the monetary authority said in a circular last week on liquidity standards. A bigger slice of low-risk, low-return assets …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months, 3 weeks ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

India plans to curb Google, PhonePe’s dominance in mobile payments: Report
8 months, 4 weeks ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu  

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

The impact of technology on finance: Enhancing experiences and safety
9 months ago

The impact of technology on finance: Enhancing experiences and safety

Hindustan Times  

The proliferation of financial technology and digital banking services has revolutionised the financial landscape, making access to finance more convenient and inclusive. The prominence of fintech platforms and the increasing digitalisation of banks have democratised financial services, expanding access beyond metropolitan cities. There is a significant increase in instances of fraudsters posing as employees of fintech platforms, attempting to obtain …

Focus on startups and technologies the world truly needs: Nivruti Rai
9 months, 2 weeks ago

Focus on startups and technologies the world truly needs: Nivruti Rai

Live Mint  

Indian entrepreneurs and investors must focus on startups and technologies that serve the most pressing needs of the world to ensure continued investments into India and prevent funding winters, Nivruti Rai, managing director of Invest India said. And I do see a gap in the tech in areas where the world is investing a lot in - whether it is …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
10 months, 1 week ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals
10 months, 3 weeks ago

Fintech Start-Ups See Fewer Incorporation In 2023, Survey By Growthpal Reveals

ABP News  

Fewer fintech start-ups got incorporated in India in 2023, a survey revealed. The survey by Growthpal, a mergers and acquisitions deal sourcing platform, found that the number of fintech start-ups that got incorporated in India in 2023 stood 72.6 per cent lower than 2021 and 55.55 per cent lower than 2022. However, the subsequent introduction of new regulations and compliance …

Bank of America expects India fundraising to be busier than ever
10 months, 3 weeks ago

Bank of America expects India fundraising to be busier than ever

Live Mint  

Fundraising activity in India will be stronger than ever over the next two years as conglomerates, tech firms and financial services providers hunt for capital to fuel growth and owners seize the moment to sell holdings, Bank of America Corp.’s co-head of investment banking in the country said. Reliance Industries Ltd., controlled by Asia’s richest person Mukesh Ambani, has been …

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?
1 year ago

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?

The Quint  

Flip-flop on laptop, tablet imports: Initially, the central government placed imports of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers, and servers under the ‘restricted’ category, making their imports permissible only under a valid licence. Apple retail stores in India: In April, CEO Tim Cook made his way to India to launch the first Apple retail stores in …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year, 1 month ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

India ranks third among countries with most fintech unicorns in 2023; US retains the crown globally: Report
1 year, 2 months ago

India ranks third among countries with most fintech unicorns in 2023; US retains the crown globally: Report

Live Mint  

India has ranked third among the countries with the most financial technology unicorns in the world in 2023, with the US and UK retaining the top two positions globally. {{^adFree}} {{/adFree}} According to global research firm Statista, US is also home to the largest fintech companies worldwide by market capitalisation, with fintech majors Visa, Paypal, and Mastercard dominating the global …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 3 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

World Bank Praises India's Digital Public Infrastructures
1 year, 4 months ago

World Bank Praises India's Digital Public Infrastructures

Deccan Chronicle  

New Delhi: Lauding India’s Digital Public Infrastructures approach, the World Bank has stated that India has achieved in just six years under the Narendra Modi-led government what would have otherwise taken about five decades. "In just six years, India has catapulted its financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults, according to …

India ranks first in digital payments made globally: Report
1 year, 4 months ago

India ranks first in digital payments made globally: Report

Deccan Chronicle  

Hyderabad: Online banking and the shift to a cashless society started approximately three decades ago in India. This year, 91 billion digital payment transactions have been recorded and today India ranks first in the number of digital payments made globally. Backbase on Wednesday released the IDC Infobrief titled ‘Accelerating customer-centric transformation by balancing build and buy - A collaborative approach …

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma
1 year, 5 months ago

More room for players in fintech space: Paytm CEO Vijay Shekhar Sharma

Business Standard  

The Indian financial technology ecosystem has room to accommodate many large players as the country's market is largely underserved, said Paytm founder and chief executive officer Vijay Shekhar Sharma during an analyst call. Paytm, the only listed payments fintech in India, in its first quarter results, announced that its revenue from operations jumped 39 per cent year-on-year to Rs 2,342 …

Global players’ investments to boost India’s semicon ecosystem: MoS IT
1 year, 6 months ago

Global players’ investments to boost India’s semicon ecosystem: MoS IT

Live Mint  

New Delhi: Indian investments by global players such as Micron, Applied Materials, and Lam Research will boost the manufacturing ecosystem and create job opportunities, both directly and indirectly, said minister of state for electronics and information technology, Rajeev Chandrasekhar. Chandrasekhar added that Prime Minister Narendra Modi has struck up more partnerships with the U.S. during his two-day visit, bringing in …

India tops in digital payments, records 89.5 mn transactions, says MyGovInd
1 year, 7 months ago

India tops in digital payments, records 89.5 mn transactions, says MyGovInd

Live Mint  

India global rankings in digital payments for the year 2022, according to data from MyGovIndia. As per the data, India in the year 2022 accounting for 46 per cent of the global real-time payments, adding that the digital payment transactions in India is more than the other four leading countries combined. In digital payments, India has been witnessing new milestones, …

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China
1 year, 7 months ago

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

India TV News  

Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 7 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP
1 year, 7 months ago

Indian-origin CEOs run global corporate giants with over $5 trillion revenue, surpassing India's GDP

India TV News  

From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP. Power of Indian Entrepreneurship Notably, India's …

India is making its mark in the world
1 year, 7 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

Technology and cloud to build a better India
1 year, 9 months ago

Technology and cloud to build a better India

Live Mint  

In today’s world, the growing volume of data is driving advances in technologies, such as cloud computing, combined with artificial intelligence and machine learning. A new India—one of the world’s largest technology hubs India is the world’s third largest startup ecosystem, and is fast becoming the SaaS factory for the world. Cloud is now a must for India’s businesses and …

India Has Excellent Digital Network, Can Be the Most Affordable 5G Market: Bill Gates at G20 Event
1 year, 10 months ago

India Has Excellent Digital Network, Can Be the Most Affordable 5G Market: Bill Gates at G20 Event

News 18  

Microsoft founder and IT czar turned philanthropist Bill Gates praised India’s digital infrastructure at the G20 session on ‘Building Resilient and Inclusive Economics’ in New Delhi on March 1 and said it can be “such an example” for other countries. Gates, who was the guest of honour at the G20 session, patted India for its “excellent digital network”, dependable and …

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD
1 year, 10 months ago

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

The Hindu  

India continues to remain a relative "bright spot" in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund Managing Director Kristalina Georgieva said. And in that way, India is providing about 15% of global growth in 2023," Ms. Georgieva told PTI in an interview. India remains a bright spot at a time …

India records more digital payments than US, UK, Germany & France: Vaishnaw
1 year, 11 months ago

India records more digital payments than US, UK, Germany & France: Vaishnaw

Hindustan Times  

Union minister Ashwini Vaishnaw on Friday said India's digital payments transactions last year exceeded those of the combined digital payments of United States, United Kingdom, Germany and France, ANI reported. "In December 2022, the digital payments transactions amounted to $1.5 trillion annualised basis. If you compare total digital transactions in US, UK, Germany and France and combine them, India's figures …

India is 3rd biggest auto market now. What do the numbers reveal?
1 year, 11 months ago

India is 3rd biggest auto market now. What do the numbers reveal?

Live Mint  

The automobile sector, which was bogged down for months by the semiconductor shortage last year, is slowly coming out of the woods with easing supply-chain constraints. With vehicle sales topping 4.5 million in 2022, India became the world’s third-largest automotive market, beating Japan, Nikkei Asia reported earlier this month. Budget may put India's missing middle in Ayushman Bharat UPI for …

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023
2 years ago

Fintech In 2022: A Defining Year For Digital Lenders; Untapped Segments See Growth Potential In 2023

News 18  

The Indian economy has seen a recovery in the year 2022 after a two-year hit by the coronavirus waves in 2020 and 2021. Currently, about 40 per cent of payments by value are digital, contributing to a $3 trillion digital payment market on account of rapid expansion in digital infrastructure, UPI-led migration to digital, pandemic-led acceleration of shift in customer …

Let’s reflect on what’ll make India a developed country
2 years, 1 month ago

Let’s reflect on what’ll make India a developed country

Live Mint  

During his recent United Nations General Assembly speech, external affairs minister S. Jaishankar told the world about India’s ambition to become a developed country by 2047, a century after the country’s independence. Usually, countries are considered developed based on the size of their GDP, and therefore the per capita income of their citizens, along with the presence of high-quality infrastructure. …

Fintech 2.0 in 2023: Can India unlock next level
2 years, 2 months ago

Fintech 2.0 in 2023: Can India unlock next level

Firstpost  

The FinTech industry has grown exponentially, and the wave of changes brought in by fintech has profoundly impacted financial inclusion and penetration. It has also been beneficial since a country like India caters to a large population, so it requires advanced technology FinTech has become such an integral part of the financial services ecosystem over the past few years, that …

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047
2 years, 3 months ago

Future Of Crypto: What India's Digital Coin Market May Look Like In 2047

ABP News  

The cryptocurrency industry has grown from a small pool of developers to a community generating a trillion-dollar economy lately. Cryptocurrencies have now slowly started to emerge as a new investment class in India, as today's youth are also looking at crypto as a means to achieve financial freedom. Here is how the Indian crypto market is expected to shape up …

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry
2 years, 3 months ago

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

ABP News  

India has the highest adoption rate of any country in the world when it comes to financial technology, and this has ushered in a new age for the sector. Fintech's meteoric rise can be attributed to a confluence of factors, including technological advancements, altering social mores, and a regulatory climate that encourages innovation. The India stack and other forms of …

Indian FinTech market to reach $1 trillion by 2030, says CEA
2 years, 3 months ago

Indian FinTech market to reach $1 trillion by 2030, says CEA

The Hindu  

“India is among the fastest growing fintech markets in the world with a market size of $31 billion in 2021 that is expected to reach $1 trillion by 2030,” said V. Anantha Nageswaran, Chief Economic Advisor of India, Ministry of Finance, Government of India. “The next wave in the fintech sector could be the cash flow lending to MSMEs using …

NFTs: How India Can Emerge As A Frontrunner
2 years, 5 months ago

NFTs: How India Can Emerge As A Frontrunner

ABP News  

While the majority of the populace continues to feel intimidated by the world of digital assets, the interest in non-fungible tokens is growing in India. While the Indian government wants to regulate cryptocurrencies, artists, platform owners, and auctioneers are optimistic that NFTs will be the new frontier for Indian art, especially in light of COVID-19's negative impacts. In 2021, a …

We are well placed to let fintech lead the success of Digital India
2 years, 5 months ago

We are well placed to let fintech lead the success of Digital India

Live Mint  

From a 6.6% contraction in 2020-21, the Indian economy recorded a sharp rebound of 8.7% growth in 2021-22, by provisional estimates. The Niti Aayog report, India’s Booming Gig and Platform Economy, has underscored the role of fintech and a regulatory sandbox regime in helping India achieve its $5 trillion target. Broadly, the fintech sector is regulated under five regulations: the …

India’s fintech ecosystem restores people’s faith in democracy: MoS IT
2 years, 5 months ago

India’s fintech ecosystem restores people’s faith in democracy: MoS IT

Live Mint  

India’s fintech ecosystem has helped the nation in rebuilding the trust between the government and citizens, transforming lives and restoring people’s faith in democracy, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The minister highlighted the expansion of startups and digital ecosystem in India on the closing day of the FinTech Festival India in New Delhi …

Fintech has helped plug corruption, leaks in financial disbursements: Minister
2 years, 5 months ago

Fintech has helped plug corruption, leaks in financial disbursements: Minister

Live Mint  

BENGALURU: India’s fintech ecosystem has helped rebuild the trust between the citizens and the government, transform lives and restore faith in democracy, said Rajeev Chandrasekhar, Union minister of state for electronics and information technology, on Friday. But today, there is no leak or scope for corruption as the beneficiaries get their amounts due straight in their Jan Dhan accounts and …

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding
2 years, 8 months ago

SoftBank-Backed Fintech Start-Up Open Becomes India's 100th Unicorn With Fresh Funding

ABP News  

New Delhi: Open, a neobanking fintech portal, became unicorn on Monday after it raised fresh capital which pushed up its value over a billion dollars. 🥳 But before that here's the #Unicorn🧵summarizing our journey so far👇 pic.twitter.com/FsfSOpK5Bp — Open Money May 2, 2022 According to news reports, in a Series D funding round, the five-year-old neobank raised $50 million from …

India’s digital economy to see exponential growth to $800 bn by 2030: FM
2 years, 10 months ago

India’s digital economy to see exponential growth to $800 bn by 2030: FM

Live Mint  

India's digital economy is expected to witness exponential growth to $800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. "They may function from one place but they may serve any number of districts but we are also targeting 75 districts to be covered and I guess the DPU …

The widening scope and relevance of Google’s Digitization Fund for India
2 years, 11 months ago

The widening scope and relevance of Google’s Digitization Fund for India

Hindustan Times  

Google’s announcement of a $1 billion investment in Airtel is the latest expansion for the tech giant’s Google for India Digitization Fund. The India focus for Google hasn’t been restricted to just the Digitization Fund for India The focus for this partnership and investment is two pronged – consumers, that’s you and us, as well as push 5G and cloud …

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs
2 years, 11 months ago

Union Budget 2022: Fintech Industry Eyes Greater Credit Access To MSMEs

ABP News  

New Delhi: As Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2022 on February 1, the Indian fintech industry is eyeing more opportunities and allocations, while simultaneously vying to soften the blows from the Covid-19 pandemic. Here are some of the expectations of the fintech industry from the Union Budget: Dilip Modi, founder, Spice Money The fintech industry …

The crypto phenomenon
3 years ago

The crypto phenomenon

The Hindu  

A bulletin that announces issues to be discussed in the winter session of Parliament, which began in early December, had on its list the proposed cryptocurrency Bill. Following interviews with people knowledgeable on the subject, Frontline found that the collective opinion is that India should not lose out on this opportunity which, a crypto investor says, “is India’s Crypto moment”. …

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 4 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

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