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Posts Tagged ‘ Mobikwik ’

Online payments startup Razorpay turns profitable as sales rise 10-fold

Wednesday, February 15, 2017 | More »

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Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Ne...

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How payments firm Oxigen is charting a different route to growth

Payment services provider Oxigen Services India Pvt Ltd plans to strengthen its core offline business and expand its digital offerings, as it looks to grow steadily and without burning a hole in its pockets. The company, majority-owned by South Africa’s Blue Label Telecoms Ltd, also aims to tap in...

15 February, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

Will abundant cash supply spoil the m-wallet party?

Without a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters...

9 February, 2017 | More »

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Budget 2017: BHIM at centre stage, not digital payment startups

Union budget 2017 has clearly put the spotlight on digitisation, but that hasn’t really got players in the digital payment space excited as they feel the government’s emphasis is on promoting its own BHIM app rather than strengthening the entire ecosystem. In his budget speech, finance m...

1 February, 2017 | More »

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MobiKwik names former CRISIL exec Bikram Bir Singh as business head

Digital wallet firm MobiKwik has appointed former CRISIL executive Bikram Bir Singh as business head, it said in a statement. Singh will be heading government, corporate, travel and biller verticals at MobiKwik. He will focus on accelerating MobiKwik’s growth in various geographies. He will also d...

27 January, 2017 | More »

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Budget wish list: Cut corporate tax for startups, announce sops for fin-tech firms

The budget must announce measures to upgrade digital infrastructure across the country. This will encourage more merchants and consumers to transact on non-cash, online platforms. Digital India is a laudable initiative. We need to improve digital literacy and connect cities, towns and villages with ...

27 January, 2017 | More »

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MobiKwik hires Line India’s former head Daman Soni to drive user growth

Digital wallet firm MobiKwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. In his new role, Soni will be responsible for achieving the company’s user growth targets. Besides, he will also support the marketing function, MobiKwik said i...

19 January, 2017 | More »

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FreeCharge receives $57 mn from Snapdeal

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has put in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) show. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has inc...

9 January, 2017 | More »

Vijay Shekhar Sharma, Founder, Paytm

Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

If there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increas...

26 December, 2016 | More »

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From concierge services to mobile wallets, IRCTC is making train travel hassle-free

Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the government-controlled Indian Railways, has introduced several initiatives in November and December to improve the commuting experience for millions of travellers. IRCTC, which started with 29 bookings a day in 2002, is curr...

8 December, 2016 | More »

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