Scribe says he was 'hyptonised', robbed on phone call

A 40-year-old freelance journalist has claimed a person 'hypnotised' him over the phone and duped him of Rs 40,000, but police and experts said this is one of the 'most normal kinds of cyber fraud'......

Softbank exits Paytm at loss of around $150 mn

Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Photograph: Toru Hanai/Reuters......

Zomato withdraws NBFC application, says no plans to pursue lending

Food and grocery delivery major Zomato has pulled the plug on its plan to enter the lending business. Photograph: Anushree Fadnavis/Reuters Zomato Financial Services, a wholly-owned subsidiary of......

Credit Card Payments Will Be Blocked On Apps

Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others. IMAGE: Kindly note the image has been posted only for representational purposes. Photograph:......

Back to basics: Paytm's focus is payments and distribution

Paytm, the country’s leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders.......