India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual […]
India again delays rules to break PhonePe-Google Pay duopoly Read More »
India has removed restrictions on WhatsApp’s mobile payments service in a significant victory for Meta in its largest market by users as it seeks to compete with entrenched fintech rivals. The National Payments Corporation of India, the payments body overseeing the popular UPI payments network, said Tuesday that WhatsApp can now roll out WhatsApp Pay
India lifts WhatsApp payment curbs Read More »
India’s payments regulator is set to decide as early as Monday whether to curb the dominance of Walmart’s PhonePe and Google in the nation’s fast-growing mobile payments market, a move that could reshape how its billion-plus population moves money. The decision centers on UPI, or Unified Payments Interface, a network backed by more than 50
India’s mobile payments dilemma | TechCrunch Read More »
Indian online pharmacy PharmEasy’s valuation now stands at about $456 million, according to disclosures from its investor Janus Henderson, a 92% drop from its peak valuation of $5.6 billion. The British American global asset firm’s Global Research Fund values its holding of 12.9 million shares in PharmEasy at $766,043, according to its latest filing for
PharmEasy’s $5.6 billion value shrinks to $456 million, investor data shows Read More »
Rapido, a popular ride-hailing platform in India, has fixed a security issue that exposed personal information associated with its users and drivers, TechCrunch has exclusively learned. The flaw, discovered by security researcher Renganathan P, was related to a website form meant to collect feedback from Rapido auto-rickshaw users and drivers. The form exposed the full
India’s Rapido exposed user and driver data through leaky website feedback form Read More »
A major McDonald’s delivery system in India exposed the personal information of its customers and drivers due to several simple security flaws, TechCrunch has exclusively learned. The flaws, discovered by security researcher Eaton Zveare, were found in the APIs of the delivery system associated with McDonald’s India (West & South), which is owned by Hardcastle
Bugs in a major McDonald’s India delivery system exposed sensitive customer data Read More »
Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. The number of startup funding rounds fell to 1,448 compared to 2,114 last year, but overall funding rose 6% to $11.3 billion — the
Indian startups raised 32% fewer rounds in 2024 as VCs got selective Read More »
A lot of YouTube videos have flashy, misleading titles and thumbnails, such as “BREAKING NEWS” or “The president steps down,” to bait the user into watching the video, which has non-related content. YouTube said Wednesday that it is now cracking down on such videos — especially if videos with topics breaking news or current events
YouTube says it will start cracking down on videos with clickbait titles in India Read More »
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains
India’s MobiKwik surges 82% in market debut Read More »
Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according to new government disclosures that reveal how the apparel and accessories retailer secured a rare exception to India’s ban on Chinese-linked apps. In a parliamentary
Shein must cede Indians’ data, control of local ops to re-enter India Read More »
