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Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown. The Payments …

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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, scrutinizing just who all can lend.

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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 to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week. Emb…

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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 Monday, which means that Alex and Grace were back as a team to cover the biggest, boldest, and baddest technology news. We are once again back with you…

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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 nosedive across the globe. At a $5.3 billion market cap, Zomato is now trading below its last private valuation ($5.4 billion) from early 2021. Swiggy, Zoma…

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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 market.

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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. The startup, which was valued at $10.7 billion in its Series K financing in January this year, is looking to raise as much as $1 billion in the IPO, […

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YC makes a Product Hunt, Product Hunt makes an a16z, a16z makes a YC

Tech innovation is a cycle, especially in the main character-driven world of early-stage venture capital and copycat nature of startups.

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When do layoffs matter? Trick question — always

Equity is the TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

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