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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.
Even as top payment processors like Razorpay, PayU, Paytm and Cashfree are going all out to get the much-needed licences and resume onboarding merchants, the hold-up is hurting aspiring startup founders.
Z, a first-time entrepreneur, quit his job to build his startup with the goal to launch it in February. Despite developing the platform ahead of schedule, he says his team faced an unforeseeable hurdle: they couldn’t find a suitable payment gateway.
A payment gateway is the cornerstone of businesses like Z’s. His online marketplace requires access to a unique set of APIs—short for application programming interfaces that can facilitate automated transfer of funds between vendors and the platform. “This type of API is provided by only a select few companies such as Razorpay, Cashfree and Stripe within the current market,” …
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.
