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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 …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
