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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 Naspers-owned company is at a loss to explain its convoluted ownership structure, even as it grapples with the regulator’s reluctance to grant it a payment aggregator licence.
It’s been a tough few months for PayU India.
In October, Prosus, its Amsterdam-based parent company, backed out of a $4.7 billion deal to acquire rival BillDesk. Also, last year, the central bank’s digital lending guidelines kicked in, forcing LazyPay (PayU’s buy now pay later arm) to rework its operations, like most other pure-play online financiers. In December, the firm also fired nearly 150 employees citing “organizational realignment”, The Economic Times reported.
The last straw was in January, when the Reserve Bank of India reportedly rejected the firm’s plea to carry on operations as a payment gateway. Last month, the …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
