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The board also approved raising equity capital of Rs 1,322 crore through Compulsory Convertible Debentures (CCD) and warrants. The equity fundraise is subject to shareholder approval.
Supreme Court dismissed PhonePe's appeal against DigiPe's trademark use. The court noted other companies with similar 'Pe' suffix. The ongoing lawsuit readiness and differences in services between PhonePe and DigiPe were highlighted.
Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.
Incubator aims to help emerging FinTech and cybersecurity startups achieve product-market fit.
Increasingly payments have also become an integral part of the consumer journey and satisfaction with a brand. Having control over the payment experience, from user interface to speed of processing and issuing refunds, makes it much easier to manage with an in-house team.