Regulatory actions cripple Paytm Payments Bank s mobile wallet business, leading to a significant decline in transactions and value. Competitors like Mobikwik, PhonePe, Amazon Pay, and Slice experience growth in their wallet businesses.
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically range from Rs 30 crore to Rs 50 crore. Some of the startups that have already received funding include Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme.
The PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company s subsidiary payment business Groww Pay.
Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims over shares transferred before BharatPe s incorporation, highlighting Grover s resignation in March 2022.
Google took significant measures in 2023 to prevent policy-violating apps on Google Play. Various security features, partnerships, and enhanced review processes were implemented to protect users and developers. New initiatives in 2024 will focus on app transparency and privacy practices.