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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 battle between four of India’s major fintechs and the payments orchestration leader is being fought on the issues of interoperability and fair competition. Ultimately, though, commercial factors will trump all else.
A narrative war is unfolding in India’s payments landscape.
On one side is Juspay, a payments orchestrator. On the other are four payment aggregators, or PAs—PhonePe, Razorpay, Cashfree and Paytm. Over the past four months, these PAs have cut ties with Juspay, the most recent being fintech giant Paytm. All four have told merchants that their payment platforms will no longer work with Juspay’s orchestrator.
PAs integrate multiple payment methods—cards, net banking, UPI—into a single flow and require a PA license from the Reserve Bank of India. Orchestrators connect multiple PAs, allowing merchants to route payments through them, ensuring …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
