Synopsis
Online lending firms say that Google is acting like a super regulator, seeking details that even the RBI is yet to do. They have written to Google with the names of Chinese apps that have 7-14 day products while its policies don t allow lenders with products of less than 60 days.
Mumbai: Miffed by Google’s diktat to furnish their credentials, fintech lenders have now written to the tech giant citing its policies of not allowing lenders disbursing short-tenure loans of less than 60 days. Fintech lenders say that Google is acting like a super regulator, seeking details that even the Reserve Bank of India (RBI) is yet to do.
Gig economy startup CabDost merges with neobank Dvara Money
The combined entity of CabDost and Dvara Money aims to facilitate the distribution of financial products and bring Urban Bharat within the formal financial umbrella.
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CabDost, the startup that helps taxi drivers and other gig economy workers in filing their taxes and planning their finances, has merged with Dvara Money, a neobank catering to India s growing urban gig-economy workers and the blue-collar segment.
In a statement,
Samir Shah, Executive Vice-Chair and Managing Trustee, Dvara Trusteeship Services Pvt. Ltd, said, CabDost has been working relentlessly over the last few years to encourage Taxi drivers in adopting the formal financial system, pay their income tax, in turn, making them eligible to plan their finances and access funds from banks, financial institutions and registered fintechs like Dvara Money. Together, we
WhatsApp Pay processed 0.81 million UPI transactions worth Rs 29.72 crore, an over 100% increase in both volume and value compared to November, NPCI data shows.
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Paytm Money to offer F&O trading, aims daily turnover of Rs 1.5 lakh cr
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Last Updated: Jan 13, 2021, 04:28 PM IST
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Synopsis
Paytm Money has started F&O trading on its platform and is aiming for a daily turnover of Rs 1.5 lakh crore in the next 18-24 months.
Paytm Money is focused on bringing wealth services to 100 million Indians , Paytm s founder and CEO Vijay Shekhar Sharma says.
New Delhi:Paytm Money has started F&O trading on its platform and is aiming for a daily turnover of Rs 1.5 lakh crore in the next 18-24 months.
The platform which also offers services around stocks, direct mutual funds, exchange traded funds, initial public offerings, National Pension System and gold investments is focused on bringing wealth services to 100 million Indians , Vijay Shekhar Sharma, founder and chief executive officer of Paytm s parent One97 Communications Ltd., said during the online launch of the F&O trading service.