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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.
Razorpay’s acquisition of card terminal startup Ezetap and Pine Labs’s payment gateway launch signal a turf war.
The humble point-of-sale machine has come a long way over the past few years. From a device that scanned credit and debit cards, the modern version has a touchscreen and can process multiple modes of payment, offer credit and even consolidate bills for a retailer.
A decade ago, retailers would have to shell out anywhere between Rs 10,000 and Rs 15,000 to buy a PoS machine and pay a few thousand rupees as maintenance charges. Similarly, online businesses would have to wait weeks for their banks to approve a payment gateway service on their website.
The costs of setting up …
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.
