Ant Group

One97 posted a loss of USD 552.1 million for FY19, up 165.5% from USD 207.9 million reported in FY 2018.

Half of the aided users are under 40 years old.

Paytm is now valued at USD 16 billion, making it one of the most valued Asian startups.

All food-delivery companies are finding delivery-only kitchen models lucrative.

Users have concerns about giving tech companies their financial data, whether it’s Google, Apple, and Facebook in the US, or Alibaba and Tencent in China.

The Monetary Authority of Singapore said it will issue up to five new digital bank licenses, which will include non-bank players.

The Japanese investment firm has asked its portfolio companies, including the ones in India, to aim at profits.

The country’s central bank previously asked third-party payment platforms to clear obstacles preventing international tourists to use their mobile payment services.