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Mumbai-based mobile wallet firm becomes second fintech to go insolvent

TMT

22 October, 2021

Mumbai-based mobile wallet firm becomes second fintech to go insolvent

At a time when the fintech sector is flush with funds, and firms like Paytm, PhonePe and Mobikwik are in ......

The Mobile Wallet acquires venture capital-backed payment platform Trupay

TMT

30 January, 2018

The Mobile Wallet acquires venture capital-backed payment platform Trupay

Fintech firm The Mobile Wallet (TMW) has acquired payment platform Trupay for an undisclosed amount in a stock deal that ......

MobiKwik valuation shrinks to $279 mn as Bajaj Finance gets higher stake

TMT

16 January, 2018

MobiKwik valuation shrinks to $279 mn as Bajaj Finance gets higher stake

Bajaj Finance Ltd's stake in MobiKwik will increase to 12.60% from the 10.83% agreed earlier after the mobile wallet company's valuation ......

SoftBank-backed True Balance pivots, launches mobile wallet

TMT

08 December, 2017

SoftBank-backed True Balance pivots, launches mobile wallet

Gurgaon-based Balancehero India Pvt. Ltd, which operates mobile balance checking app True Balance, has entered the fintech services segment with ......

Paytm merging Little, Nearbuy to create largest deal discovery platform

TMT

07 December, 2017

Paytm merging Little, Nearbuy to create largest deal discovery platform

Vijay Shekhar Sharma-led Paytm has announced the merger between Little and Nearbuy to create the largest online deal discovery platform ......

MobiKwik to invest Rs 400 crore for KYC compliance

TMT

25 October, 2017

MobiKwik to invest Rs 400 crore for KYC compliance

Just a week after the Reserve Bank of India released stricter guidelines on full know-your-customer (KYC) norms for prepaid payment ......

MobiKwik, Citibank spar over payments; go for arbitration

TMT

10 August, 2017

MobiKwik, Citibank spar over payments; go for arbitration

Citibank has sued digital wallet firm MobiKwik over an alleged non-payment of dues worth Rs 80 lakh arisen out of ......

$1 bn good goal to have, but MobiKwik isn't valuation-driven: Upasana Taku

TMT

03 August, 2017

$1 bn good goal to have, but MobiKwik isn't valuation-driven: Upasana Taku

Following in the footsteps of its competitors, Gurgaon-based mobile wallet firm MobiKwik has partnered non-banking financial company Bajaj Finance Ltd ......

Bajaj Finance buys stake in MobiKwik at $327 mn valuation

TMT

02 August, 2017

Bajaj Finance buys stake in MobiKwik at $327 mn valuation

Bajaj Finance Ltd said on Wednesday it will acquire a 10.83% stake in mobile wallet company MobiKwik for about Rs 225 crore ......

Paytm elevates Kiran Vasireddy as COO of payments business

People

25 July, 2017

Paytm elevates Kiran Vasireddy as COO of payments business

One 97 Communications Ltd, which operates Paytm, has appointed Kiran Vasireddy as the chief operating officer of its payments business.Vasireddy ......