![Fintech leaders hail PM Modi as India's revenue set to reach $70B by FY30 Fintech leaders hail PM Modi as India's revenue set to reach $70B by FY30](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1685710375736jpg_1716822283331.jpg&w=3840&q=8)
May 27, 2024, 08:04 AM - 2 mins read
Fintech leaders praise PM Modi for India's UPI success, calling it a hotbed of innovation. With 13,115 crore transactions in FY24 worth Rs 200 lakh crore, UPI reflects growing trust in digital payments, credited by Modi for positioning India as a fintech leader globally.
Read more![Paytm, the poster boy of India's fintech revolution founded in 2010 by Vijay Shekhar Sharma, has found itself embroiled in a crisis as the Reserve Bank of India (RBI) imposed significant restrictions on its operations. Paytm, the poster boy of India's fintech revolution founded in 2010 by Vijay Shekhar Sharma, has found itself embroiled in a crisis as the Reserve Bank of India (RBI) imposed significant restrictions on its operations.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fqr1jpg_1709117828068.jpg&w=3840&q=8)
February 28, 2024, 02:57 AM - 4 mins read
Known for its versatile payment solutions, e-wallet, and business platforms, Paytm now faces a critical juncture that could shape its future in the dynamic world of digital finance.
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February 26, 2024, 07:30 AM - 3 mins read
Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India (RBI) to hold monthly meetings with startup and fintech companies to address their concerns, according to officials familiar with the matter. The suggestion was put forth during a meeting attended by top executives of approximately 50 firms, including prominent names like Razorpay, CRED, and venture capital firm PeakXV.
Read more![India's finance ministry is set to convene meetings with the country's fintech startups next week, signaling a concerted effort to ensure compliance with regulatory frameworks India's finance ministry is set to convene meetings with the country's fintech startups next week, signaling a concerted effort to ensure compliance with regulatory frameworks](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1623766315375jpg_1708410714819.jpg&w=3840&q=8)
February 19, 2024, 10:31 PM - 2 mins read
The upcoming discussions come in the wake of the recent turmoil surrounding Paytm Payments Bank, triggered by a directive from the Reserve Bank of India (RBI) ordering the banking unit of digital payments giant Paytm to cease operations due to "persistent non-compliances and continued material supervisory concerns."
Read more![GroMo Fintech distributes Rs 100 Crore payouts to Partners on the eve of completing five years GroMo Fintech distributes Rs 100 Crore payouts to Partners on the eve of completing five years](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1489670143_yvsztc_1479730368_eou3dk_brandjpg_1707565772245.jpg&w=3840&q=8)
February 10, 2024, 03:49 AM - 1 min read
Founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, GroMo is playing a role in driving financial inclusion and enhancing financial literacy in tier 2, 3 and smaller cities.
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