Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
Tag: Paytm
Mobikwik to offer 6% annual return to wallet users
Fin-tech company MobiKwik said it will offer 6 per cent annual interest on the account balance to its mobile wallet users. The company, which competes with Alibaba-backed Paytm, has over 30 million wallet users in the country. MobiKwik claims it is growing at 250 per cent per year and expects to …
Startups nudge staff to change work culture
Employees at startups, which were once fledgling firms but are now established in their fields, are being given challenging KRAs, key result areas to measure performance outcomes. A highly competitive operating environment is driving this shift towards a new work culture. While Bigbasket has told…
PHDCCI Innovation Summit for MSMEs to bring together industry honchos
On June 3rd, PHD Chamber will host Innovation Summit that aims at enhancing the innovative capacities of micro, small & medium enterprises. Discussions and deliberations will be around two key focus areas – Innovative Strategies for Sustainable MSME Financing and Technology Adaption in …
Freecharge CEO eyes 7 million daily transactions
Touching seven million daily transactions is on top of the agenda for Freecharge’s new Chief Executive Govind Rajan , as he takes over from Kunal Shah , the founder of the digital payments platform , who stepped aside from the role earlier this week. Rajan, who prior to his elevation, held …
Askme Fin plans payment services for SMEs
E-commerce marketplace Askme Bazaar plans to help small and medium vendors who are transacting on its site by arranging credit and insurance products for them. These services will be provided via Askme Fin, the groups’ financial services platform. In the last 2-3 months, Askme Fin has helped abou…
Mobikwik offers loans to wallet users to push digital payments
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back a…
Cutting influence of big businesses is good, but strengthen SME policies
Narendra Modi’s government is completing its two years and while several things have changed people’s expectations is that more could be done. But what is it that can be done if real change has to happen. What is needed is not always what business particularly big business wants. One thing that h…
Jugnoo re-enters hyperlocal delivery business by launching ‘Fatafat’
Jugnoo the Chandigarh-based on-demand auto-rickshaw aggregator has said to resume its hyper local delivery by launching the ‘Fatafat’ service. Learning from the failures of hyper local delivery model of other brands, the company has decided to restrict to deliver only fruits and vegetables to its…
Capital float receives ₹170 cr in Series B round
Capital Float, a leading online lender for small businesses, has raised about ₹170 crore ($25 million) in a Series B round led by Creation Investments. Existing investors Aspada, Sequoia India and SAIF Partners participated in this round that valued the company at over $100 million. This is Capit…