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, 202312 min
0
FamPay’s TrioTech bet misfires

You may also like

Business
Story image

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
Story image

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
Story image

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.