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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The government wants to tax credit card transactions abroad but is missing a potentially bigger misuse of the instrument at home—fake rent payments.
The founder of a fintech startup I met recently had a trivia question for me: “You’ve been covering this sector for a while, so let me ask you a question. What according to you is the largest and fastest growing sub-category of spends by credit card users in India?”
I thought for a bit. “Airline tickets? Fuel? Food delivery?”
“Nope.”
“Hmm. Edtech subscriptions?”
“Rent payments,” came the reply.
“No way!”
“It won't reflect in any official data but firms tracking credit card spends will be able to tell you that in recent months, payment of home rent is contributing to …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
