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From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.
Tata Digital-owned 1mg has beaten rival PharmEasy to pole position in the countrys e-pharmacy market in terms of gross merchandise value. This and more in todays ETtech Morning Dispatch.
Chief financial officers (CFOs) are changing jobs more frequently as companies seek experienced CFOs to ensure financial stability, meet accounting and regulatory norms, rationalize costs, and raise funds in a volatile business environment. This high turnover has also led to an increase in CFO compensation, with some CFOs earning salaries closer to those of CEOs.
Payment fintechs are finding that their best opportunities are overseas — and for a lot of companies, that means building a market to take on American incumbents.
The payment company, which is downsizing, plans to expand into markets where merchants are increasingly migrating to digital commerce.