This valuation is derived from a P/E multiple of 25x on FY30 earnings per share (EPS). The report notes that while fintech companies are expected to enjoy premium valuations during their growth phase, intensifying competition in the long term could result in a compression of these valuati
Unified Payment Interface is India's leading digital payment platform. Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet. Among others, a key emphasis of the Indian government has been
Mumbai (Maharashtra) [India], September 7: The Global Fintech Fest 2024 concluded on 30th August 2024, marking another significant milestone in the fintech sector. The event, attended by the Prime Minister Narendra Modi, government officials, regulators, and industry leaders from around the
New Delhi [India], September 2: A ground-breaking development is set to make waves in the Indian financial scene on 5th September, as My Mudra prepares to launch its initial Public Offering (IPO), marking a significant milestone in the fintech sector, This is not your typical initial public
The preferred approach for prudent regulation of the ever-growing fintech sector should be self-regulation, Reserve Bank of India (RBI) Governor Shaktikanta Das said.
Boston Consulting Group (BCG) has prepared a flagship report titled 'Building Bridges for the Next Decade of Finance', where it noted that revenues in the Indian fintech sector are projected to reach USD 190 billion by 2030, contributing to over 20 per cent of all banking revenues.
Optimistically waiting for the key announcements of the Union Budget, the fintech sector anticipates provisions to promote fintech and traditional banking systems to come together for a robust financial ecosystem in the country.
Hyderabad (Telangana) [India], July 19: Bartronics India Limited, a leading innovator in the fintech sector, announces its latest expansion drive with one of the largest public sector banks - Bank of India. As a part of their ongoing commitment to the financial inclusion and community develo
One 97 Communications Ltd, which owns the popular fintech brand Paytm, on Friday, filed its shareholding pattern for the first quarter of 2024-25 with the stock exchanges.
The total worth of India's future unicorns will stand at USD 58 billion, an increase of 1.2 per cent as compared to last year. Fintech sector leads with the highest number of companies that can become Unicorns in future.
Mumbai (Maharashtra) [India], June 18: India has emerged as one of the most robust FinTech economies in the world with landmark innovations in secure payment systems and gateways, paperless lending, mobile banking and wallets and other innovations which are driving the country's digital tran