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Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown

Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with...

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India’s central bank cracks down on fintech startups

For fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem,...

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TechCrunch Podcasts this week: Scaling web3, bulls and bears, falling tech valuations, and UFOs

TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating...

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Will falling tech valuations kick off a M&A boom?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It’s...

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Zomato tumbles below its last private valuation

Indian food delivery firm Zomato’s shares fell below 52 rupees apiece, giving it a market cap of $5.3 billion as tech stocks continue to...

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WhatsApp follows Google in giving cash-back rewards to win payments users in India

WhatsApp, used by over 400 million users in India, is giving cash-back rewards to expand the reach of its mobile payments app.

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WhatsApp permitted to extend payments service to 100 million users in India

The National Payments Corporation of India has given approval to WhatsApp to extend its payments service to 100 million users in the South Asian...

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Paytm says report alleging payments bank’s data leak to Chinese firms ‘completely false’

Paytm says a report claiming its Payments Bank's data was leaked to Chinese firms is "completely false and sensationalizing."

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Indian food delivery giant Swiggy eyes $1 billion IPO

Indian food delivery giant Swiggy has hired bankers as it gears up for an initial public offering next year, a source familiar with the matter said....

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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between...

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Sorry, Jack, you can send ETH tips via Twitter now

Twitter founder and former CEO Jack Dorsey might be a devout Bitcoin bro, but since he’s abdicated his throne as head tweeter… why not...

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Daily Crunch: Peloton CEO in hot seat, activist investor says ‘the ride for Mr. Foley is over’

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Paytm, Zomato, Nykaa and PolicyBazaar shares drop to record lows

Shares of Paytm, Zomato, PolicyBazaar and Nykaa, four Indian tech startups that went public last year, tumbled to their record lows since market...

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Fintech founder Ashneer Grover takes a leave of absence after reports of questionable conduct

Ashneer Grover, the public face of BharatPe, the unicorn fintech startup he co-founded, is taking a leave of absence from work for two months after...

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Equity Monday: The end of cheap money, and Take-Two buys Zynga

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our...

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Paytm stock drops to record low

Shares of Paytm closed Monday at ₹1,157 ($15.6), the lowest since its market debut in November following the nation’s biggest-ever initial...

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Record number of unicorns and IPOs: Indian startups raised $39B in 2021

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on...

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TechCrunch+ roundup: Why your title matters, part-time CFOs, Sequoia’s new model

In observance of the Thanksgiving holiday in the U.S., we won't be publishing on Thursday, November 25 and Friday, November 26.

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What happened to Paytm’s IPO valuation?

Paytm's IPO price was simply too high compared to its recent financial results. Trailing results matter as well, and Paytm's were just too...

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Equity Monday: Paytm’s rocky debut gets rockier

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy...

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Google Pay to add Hinglish support in India, enable merchants to create digital storefronts

Google will roll out support for Hinglish, a mix of Hindi and English, and a range of additional features to its payments app Google Pay in India as...

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Paytm falls 27% on first trading day after India’s largest IPO

The valuation of Paytm stood at $13.6 billion at the close of trading on local stock exchanges, compared to $20 billion valuation the firm was...

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SoftBank has deployed $3 billion in India this year, can invest up to $10 billion in 2022

SoftBank Group chief executive Rajeev Misra said the fund has invested $3 billion in Indian companies this year and can invest $5 billion to $10...

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Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the...

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Paytm seeks $20 billion valuation in India’s biggest IPO

Paytm, one of India’s most valuable startups, is seeking to raise as much as $2.4 billion in what is shaping up to be the biggest initial public...

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PhonePe in talks to acquire Indian app store Indus OS

Walmart-backed Indian payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an...

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Payments, lending and neobanks rule fintechs in emerging markets, report says

Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of...

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SoftBank-backed Indian insurance platform Policybazaar raises $75 million

Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief...

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