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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.
Ola’s financial services arm has been struggling to stay relevant lately, but Bhavish Aggarwal hasn’t given up on his fintech ambitions yet.
At some point, Ola co-founder and CEO Bhavish Aggarwal dreamt of building a conglomerate of businesses combining tech and mobility. Starting as a ride-hailing business, the company over the years expanded to food and grocery delivery, financial services and used-car sales. But like many of its verticals, Ola’s financial services arm is also struggling to survive.
Ola made a foray into financial services in 2015, when it acquired digital wallet company ZipCash Card Services. After rebranding the company as Ola Financial Services, it launched four products over the next few years. These included a digital wallet called OlaMoney, a short-term …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
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.
