Ankit Chawla

Paytm’s FY25E Revenue Likely to Decline by 24%: Challenges Ahead

27Mar

By Ankit1 Comment

Payments

Paytm’s FY25E Revenue Likely to Decline by 24%: Challenges Ahead

Introduction: In a rapidly evolving digital landscape, Paytm, one of India’s leading digital payment platforms, faces significant headwinds. A recent report by Motilal Oswal Financial Services sheds light on the company’s future prospects, highlighting potential revenue declines and competitive pressures. The Forecast: A 24% Revenue Drop Motilal Oswal estimates that Paytm’s FY25E revenue is expected to decline by a substantial 24%. This projection reflects the challenges the company is currently grappling with. Let’s delve into the key factors contributing to this anticipated decline: Business Transition: Paytm is undergoing a significant business transition. As it diversifies its offerings beyond payments, it faces the delicate task of retaining existing cus...

26Mar

By Ankit1 Comment

Fintech, Payments

Trust Bank Empowers Customers with AutoPay for Hassle-Free Credit Card Repayments

Trust Bank, Singapore's digital bank, has rolled out AutoPay, a new feature aimed at simplifying credit card repayments for its users. This development allows Trust Bank customers to set up automatic repayments for their credit cards with just a few clicks, provided they have a savings account. Introducing Trust Bank's AutoPay Feature Trust Bank's AutoPay feature offers a straightforward setup process. Customers who have a Trust credit card and savings account can activate AutoPay in a matter of seconds. Even those without a savings account can open one quickly, with an account opening experience that takes approximately one minute. Benefits for Savings Account Holders: Interest Rates and Insurance Coverage In addition to the convenience of automatic repayments, Trust Bank's savings ac...

The Economics of Holi: Celebrating Color, Culture, and Commerce

25Mar

By Ankit1 Comment

Economics

The Economics of Holi: Celebrating Color, Culture, and Commerce

Holi, the vibrant festival of colors, is not only a time for joyous celebration and cultural festivities but also an occasion that holds economic significance. Originating in India, Holi has transcended borders and gained recognition as a global festival. In this article, we explore the economics of Holi, examining its impact on various sectors and shedding light on the financial aspects associated with this colorful extravaganza. The Colourful Economics of Holi 1. Tourism and Hospitality Industry: According to the Ministry of Tourism, Government of India, Holi attracts a substantial number of international tourists. In 2019, around 300,000 foreign tourists visited India during the Holi season. A report by the Federation of Hotel & Restaurant Associations of India (FHRA...

Digital Wallet Dominance: 58% India’s E-Commerce Revolution Driven by Mobile Wallets

24Mar

By Ankit2 Comments

Fintech, Payments

Digital Wallet Dominance: 58% India’s E-Commerce Revolution Driven by Mobile Wallets

India’s e-commerce landscape is undergoing a significant transformation, with alternative payment methods now commanding a substantial 58% share of the market in 2023. This shift, driven by the widespread adoption of mobile and digital wallets, marks a profound change in consumer preferences and transactional behavior. The Changing Face of Indian E-Commerce: The Rise of Alternative Payments Mobile Wallets: Brands like Amazon Pay and Google Pay have gained prominence as alternative payment solutions among Indian consumers. Decline of Cash: Traditional cash payments, prevalent in in-store retail, have witnessed a sharp decline in online purchases, capturing only a 6.2% share of the market. Payment Cards Remain Relevant Credit and Charge Cards: Payment...

IBA’s New Captain: MV Rao Charts Course for Financial Excellence

24Mar

By Ankit1 Comment

Banking, BFSI

IBA’s New Captain: MV Rao Charts Course for Financial Excellence

MV Rao Takes the Helm at IBA In a significant development, MV Rao has been chosen to lead the IBA (Indian Banks’ Association. His appointment as Chairman was confirmed during a meeting of the IBA’s Managing Committee on Thursday, March 21, 2024. This prestigious role places him at the forefront of shaping policies and strategies for the banking sector. Prior to his current role as the Managing Director & CEO of Central Bank of India, MV Rao served as the Executive Director of Canara Bank for over three years. During his tenure at Canara Bank, he played a pivotal role in the bank’s progress and was instrumental in the amalgamation of Syndicate Bank with Canara Bank. Deputy Chairmen Appointed Alongside MV Rao, the IBA has also appointed three Deputy Chairmen: ...

Indie: The ‘SUV of EV Scooters’ with 55 Liters of Storage Space

23Mar

By AnkitNo Comments

Startups

Indie: The ‘SUV of EV Scooters’ with 55 Liters of Storage Space

River , an electric vehicle (EV) startup based in Bengaluru, has made waves with its innovative electric two-wheeler (Indie). Designed by co-founders Arvind Mani and Vipin George, this scooter boasts a whopping 55 liters of storage space, making it a game-changer for small business owners and everyday commuters alike. The ‘SUV of EV Scooters’ Storage Galore: The electric two-wheeler, aptly named Indie, is not your average scooter. It offers ample cargo space, allowing riders to transport goods efficiently. USB Charging: Indie comes equipped with a 12-liter lockable glove box that includes a USB charger, catering to the tech-savvy needs of modern riders. Investment and Recognition River recently secured a substantial investment of $40 million (Rs 335...

The Evolving Landscape of the Banking Industry in the UAE: 5 Key Insights

23Mar

By Ankit1 Comment

Banking

The Evolving Landscape of the Banking Industry in the UAE: 5 Key Insights

Imagine a bustling financial landscape where innovation meets resilience, where global integration drives economic growth, and where traditional banking merges seamlessly with digital advancements. This is the story of the banking industry in the United Arab Emirates (UAE). UAE Banking Industry: A Journey Through Growth and Innovation In this article, we will explore the main findings and insights from a comprehensive report on the UAE banking industry, shedding light on the operational insights, digital trends, and market analysis that have shaped this dynamic sector. For a more in-depth understanding, we highly recommend referring to the original report by Majid Dodehaki. Original Report: Banking Industry in the UAE Growth and Resilience: The UAE has emerged as a global financial ...

Pocket FM Secures $103 Million in Series D Funding Round: Expanding Globally

22Mar

By AnkitNo Comments

Technology, Startups

Pocket FM Secures $103 Million in Series D Funding Round: Expanding Globally

In a significant funding development, audio platform Pocket FM has successfully raised $103 million in a Series D funding round. Led by prominent venture capital firm Lightspeed, with participation from private markets investment firm Stepstone Group, this funding round marks a significant milestone for Pocket FM's growth and expansion plans. Expanding Presence of Pocket FM in Global Markets With the newly secured funds, Pocket FM aims to amplify its presence in key markets such as Europe, Latin America, and the United States. The company recognizes the immense potential and demand for its audio content platform in these regions, and the funding will enable them to strengthen their foothold and cater to a wider audience. Boosting Generative AI and Content Library Pocket FM has also out...

7 Startups, 1 Goal: Gruhas Gusto’s Accelerator Program Takes Off

22Mar

By Ankit3 Comments

Startups

7 Startups, 1 Goal: Gruhas Gusto’s Accelerator Program Takes Off

Gruhas Gusto, an innovative food innovation accelerator, has recently launched its maiden cohort program, marking a significant step forward in nurturing the growth of startups in the food and food tech industry. This initiative is a collaborative effort powered by Gruhas, Jubilant Bhartia Family Office, DLF Family Office, and Anthill Ventures, aiming to foster innovation and sustainability within the sector. A Diverse Selection of Startups The program has selected seven promising startups from a rigorous screening process, which saw over 200 applicants. These startups are set to embark on a six-month journey of growth, innovation, and strategic development, backed by the expertise and resources provided by the program’s partners. The Kickoff Event: Gruhas Gusto ...

Perfios and NPCI Collaborate to Revolutionize RuPay Credit Card Onboarding Process, 2024

22Mar

By Ankit1 Comment

Digital Lending, Fintech, Lending

Perfios and NPCI Collaborate to Revolutionize RuPay Credit Card Onboarding Process, 2024

Perfios and NPCI collaboration: In a significant development for the Indian financial industry, Perfios, a leading fintech company, has joined forces with the National Payments Corporation of India (NPCI) to introduce a unified onboarding framework for RuPay credit cards. This collaboration is part of NPCI's co-creation initiative and aims to streamline and optimize the onboarding process, enabling customers to obtain their RuPay credit cards in less than two minutes. This exciting partnership holds the potential to revolutionize the way individuals access and utilize credit in the country. Enhancing Onboarding Efficiency: The traditional process of applying for a credit card in India has often been associated with lengthy paperwork, complex verification procedures, and time-consuming a...