FamPay’s TrioTech bet misfires
The pocket money app ditched a recognized bank in favour of a little-known non-bank entity to serve as its prepaid wallet partner. It has lost customers and credibility as a result.
15 May, 2023•12 min
0
15 May, 2023•12 min
0
Getting your Trinity Audio player ready...
More in Internet
Internet
It’s Getir founders vs Mubadala, once again
The founders of the Turkish company have filed a suit against the Abu Dhabi sovereign fund, proptech Stake has raised new millions and there is a new financial giant in town.
You may also like
Business
CSB Bank’s deposits are a ticking time bomb
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.
Business
Yes Bank’s succession problem is a board problem
As Prashant Kumar’s term runs out, boardroom fault lines have left the lender with no clarity on its next CEO—spooking investors and drawing the RBI’s ire.
Business
Q3 earnings lay bare $5 billion migraine for four of India’s top banks
While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.