Flipkart co-founder Sachin Bansal’s firm loses Rs 14.26 cr due to financial fraud
Jan 21, 2025, at 08:34 pm
Bengaluru: Flipkart co-founder Sachin Bansal's financial products and services startup reported a cyber fraud that caused losses amounting to Rs 14.26 crore in just 14 days during December 2024, reported The Hindu.
PayU to acquire online payment gateway provider BillDesk for $4.7 billion
Sep 01, 2021, at 05:07 am
Bengaluru/IBNS: Global consumer internet group Prosus that owns PayU said Tuesday that an agreement had been reached for payments fintech PayU to acquire online payment gateway provider BillDesk for $4.7 billion.
WhatsApp Pay Continues Struggling Months after Launch
Jun 12, 2021, at 05:54 pm
The Facebook-owned messaging giant caused Indian regulators some initial concerns with its dominant market share. The RBI and the NPCI imposed substantial limitations to its payment service back in November when effortless adoption rates were predicted. Yet, its actual market penetration (under India’s own UPI) is way below expectations.