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One 97 Communications Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Global brokerage firm Citigroup Research has initiated buy rating on Paytm owner One97 Communications Ltd and raised its target price to Rs 910 a share, up 32 percent from its current levels. Currently, the stock has five buys, two holds and three sells, according to Bloomberg.  At 3 pm, the stock was trading at Rs 664 on BSE, down 3.6 percent from its previous close. The stock has fallen nearly 70 percent from its IPO price of Rs 2,150 led by regulatory headwinds and concerns about profitability in the payments verticals. However, Citigroup Research thinks these views are too pessimistic and at the current market price, Paytm's valuations look attractive. "We think Paytm has several potential levers to drive scale and improve profitability … [Read more...] about Citigroup initiates ‘buy’ rating on Paytm, raises target price by 32%

Representative image. Merchant payments and lending platform Pine Labs has raised $50 million from United Kingdom-headquartered investment firm Vitruvian Partners, the company said on March 30. The fundraise is one of three investments received by Pine Labs this year as the company gears up for its $500 million initial public offering (IPO) in the United States. While Pine Labs did not reveal its valuation after the round, Moneycontrol learnt that it stands at $5-5.5 billion. Pine Labs CEO Amrish Rau said in a statement, “At Pine Labs, we are deeply focused on the omnichannel play and are building frictionless and seamless payment experiences for our merchant partners and large enterprises. We aim to further strengthen our recent foray in online payments via Plural and take our Buy Now Pay Later (BNPL) offering to new markets through strategic collaborations.” In January this year, Pine Labs also secured a $20 million investment from India’s largest lender State Bank of … [Read more...] about Bourse-bound Pine Labs raises $50 mn from UK-based Vitruvian Partners, likely earning a valuation of $5.5 bn

Suhail Sameer, CEO, BharatPe. The past three months have been nothing short of chaotic for merchant payments and lending startup BharatPe . Founder and former managing director Ashneer Grover’s exit, clouded by a war of words with him and his wife Madhuri Jain Grover on one side and Chairman Rajnish Kumar and CEO Suhail Sameer on the other, saw the incident turn into one of the most controversial corporate disputes of recent times. The incident has left big questions hovering over BharatPe, particularly around corporate governance and investor sentiment. The company’s focus is now on retaining employees, changing the culture of the organisation to make it a more supportive one, and most importantly, taking steps to repair the company’s tattered corporate governance image. In an interview with Moneycontrol , CEO Suhail Sameer detailed BharaPe’s plans to change the company’s culture in a way that is different from Grover’s approach. Sameer said the company continues to … [Read more...] about Just an employee going bonkers: CEO Suhail Sameer on BharatPe-Ashneer Grover saga

Representative image. The Reserve Bank of India (RBI) is holding extensive consultations with digital lending and consumer associations as it gets closer to finalising the guidelines on digital lending, according to three people aware of the developments. The regulator has held meetings with the Digital Lenders Association of India (DLAI) as well as the Fintech Association for Consumer Empowerment (FACE) and there will be more discussions over the next few weeks. “The RBI has reached out to the associations regarding their findings and views on various points, including First Loan Default Guarantee (FLDG) and KYC norms, for digital lenders. They have sought a few responses from the associations and dialogue is ongoing,” said one of the sources on condition of anonymity. DLAI represents over 80 members, including digital lenders and Buy Now Pay Later (BNPL) players like ZestMoney, Capital Float, Lendingkart, NeoGrowth Credit, Cred and Uni. FACE is an organisation that is … [Read more...] about RBI in discussion with industry bodies ahead of finalising digital lending guidelines

For many small businesses, creativity and ideas come at all times of the day. While managing a business as a solo entrepreneur or with a small team comes with many challenges, the last thing you want is to spend tech bandwidth integrating a full-fledged payment gateway. While integrating a payment gateway is fairly simple, it does require coding knowledge. It also needs small business owners to invest in a website by buying a domain and spending on UI/ UX to facilitate payments via the gateway platform. All of these costs eventually eat into the profits of small start-ups where every penny matters. Thankfully, the solution is now at hand with Paytm Payment Links that comes with an array of features designed to help small business owners take complete ownership of their payment collection issues with zero code, even without a website or app. The game changing solution from Paytm Payment Links allows you to collect payments directly from WhatsApp, email, SMS and more. 1 - Problems … [Read more...] about From Freelancers To Retail Merchants And More, Here’s Why Paytm Payment Links Are A Gamechanger For Small Businesses

The fashion retailer Express, a mall-culture staple, is on a mission to transform itself for the digital era. It manages a flock of social-selling influencers and is using data to personalize the experience of browsing its hot-pink crop tops and sequined statement blazers. The finishing touch on this brand makeover? A partnership with the buy now, pay later (BNPL) company Klarna to cobrand digital ads and offer Klarna’s “Pay in 4” product—which splits shopping-spree expenditures into four interest-free biweekly payments at checkout. “We want to give customers with a certain perception of us an opportunity to change that perception,” says Brian Seewald, SVP of e-commerce at Express. “We’re taking the risk out of a purchase with BNPL,” he says, adding that Express customers who opt to use Klarna have a higher average-order value. advertisement advertisement Buy now, pay later services, which offer shoppers a financing solution and credit card alternative, … [Read more...] about Buy now, pay later services are retailers’ next great hope

Share to Twitter Share to Linkedin OBSERVATIONS FROM THE FINTECH SNARK TANK Every so often, one financial services observer or another proclaims the death of card cards. Back in April 2013, Motley Fool, in an article titled The Slow Death of Credit Cards declared: “Great news: Americans are giving up on one of the most ruthless destroyers of wealth the numerically challenged have ever known: credit cards. We're more interested in debit cards these days. Old style American consumerism, one built on debt, may be coming to an end. Good riddance, credit cards.” ADVERTISEMENT In December 2017, CNBC trumpeted “ the age of credit cards may be coming to an end—and that’s a good thing ” and added: “You have to admit there are some problems inherent to credit cards. The most glaring of these is that credit cards often aren’t 100 percent secure. Users face issues ranging from hackers and fraud to lost and stolen cards.” Like that wasn’t a … [Read more...] about New Innovations—Including Crypto Cards—Energizing The ‘Dying’ Credit Card Market

Share to Twitter Share to Linkedin Google Chrome Is Getting Built-In Virtual Credit Cards Google is adding a feature to Chrome’s autofill system called Virtual Card Numbers, which will let you hide your credit or debit card number while making purchases on the web. Google says the feature will help make it easy to securely buy things on sites that don't support options like Google or Apple Pay. It’s basically the same experience as using Chrome Autofill to enter in your credit card details but with an added layer of security. If you give your card number to a vendor and they abuse it, you then have to contact your bank to reverse the charges and cancel your card, which is an inconvenience at best. That won’t happen if you use Google’s virtual cards. Each virtual credit card can only be used for a specific transaction, though they do support recurring transactions if you want to use it for a subscription. [ The Verge ] Consumer Debt Soared by $52 … [Read more...] about This Week In Credit Card News: Online Shopping May Get Safer; Inflation Causing Consumer Debt To Soar