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Digital payments in India to double to $7 tn by 2030

With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. Illustration:......

Digital Loan Apps: Boon Or Bane?

For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff.com   During a visit to Kolkata in December, I decided to drop by a bar......

Sharp downgrades may keep Paytm stock under pressure

In a presentation, One97 Communications (Paytm) announced that it is going to cut back on loan distribution for small-ticket ‘postpaid’ loans as a prudential measure. Photograph:......

Analysts slash SBI Card's earnings estimates post Q2 result

Poor earnings show in the September quarter (Q2FY24), with hints of likely weakness in asset quality going ahead, forced analysts to cut earnings estimates of SBI Cards and Payment Services (SBI......

Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney

Lapses in due diligence, valuation disagreements, funding winter, tough regulatory environment, fintech slowdown being cited as reasons. Peerzada Abrar reports. Photograph: PhonePe via Twitter......

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