Pratik Bhakta

  • Zetwerk gets $32 million from Lightspeed, Greenoaks Capital

    Zetwerk gets $32 million from Lightspeed, Greenoaks Capital

    ​​Zetwerk is a business-to-business marketplace startup which connects large manufacturing companies with vendors and suppliers for customised products that are used as components of industrial machines and equipment.

    PSB consolidation may shrink IT firms' business

    PSB consolidation may shrink IT firms' business

    The country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existing IT service providers, this not only shrinks the market in terms of the number of prospective clients, but also poses challenges with respect to scale as banks become larger. A reduction in the number of prospective customers will affect revenues.

    UPI cash withdrawals in Bank of India soon

    UPI cash withdrawals in Bank of India soon

    Public sector lender Bank of India (BoI) has already introduced this facility for its own customers, in partnership with Mumbai-based payments company AGS Transact Technologies.

    Aadhaar enabled payment system growth slows in FY20

    Aadhaar enabled payment system growth slows in FY20

    AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.

    FIS India flouts ATM service conditions of Bank of India

    FIS India flouts ATM service conditions of Bank of India

    The problem came to light due to a complaint by a whistleblower, a source aware of the developments told ET. The issue has been taken up through an internal enquiry and four of FIS’ top executives who were managing the ATM and allied services business in India have been asked to step down till the enquiry is complete, the source added.

    Simplifying fineprint, big plan of insurance companies

    Simplifying fineprint, big plan of insurance companies

    While a few of the startups are simplifying the language of their write-ups, others are working on design elements like graphics, pictures and videos to explain product details to minimise confusion among customers.

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