Loss-making cos aided fintech sector growth: Kunal Shah
CRED’s founder says that a bulk of the UPI growth has come with the help of such companies as they create distribution and a positive change of consumer behaviour.
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July 2021
Paytm snaps 4-day losing streak; rises 4% post business update
The fintech company reported merchant payment volume growth of 39% YoY to ₹1.47 lakh crore in the month of July.
Paytm shares jump 5% on healthy Q4 numbers; extend rally for 6th session
The net loss of the fintech major dropped to ₹168.4 crore in Q4FY23, against a loss of ₹761.4 crore in the same period of the previous year.
Paytm share jumps 4% on strong Q3 business update
The total loan disbursements grew 357% YoY to ₹9,958 crore, while the number of loans grew 117% YoY to 0.37 crore in Q3 FY23.
Why buyback plan failed to soothe Paytm investors' nerves
Investors remained skeptical about buyback size and route through which the company intended to repurchase shares.
SBI Cards shares tumble 7% post Q2; here's why
Reacting to Q2 results, SBI Cards opened 2.2% lower at ₹839, while it declined 6.7% to hit a low of ₹800 on the BSE.
Mobile, digital wallets hold 66% of India’s e-comm market
In terms of alternative payment solutions, Google Pay has overtaken Amazon Pay to become the most preferred online payment solution in India, while Paytm ranked third
The future is in fintech
There are multiple factors at play that support the continued growth of fintech, and the emergence of many more valuable startups from the sector in the coming years.
