RBI cancels certificate of authorisation of Vodafone m-pesa
Last year, Vodafone Idea had decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), with which it was being merged.
Voda-Idea explores M&A for Vodafone M-Pesa
The Kumar Mangalam Birla led group has been pressing the accelerator on its payment banking busine...
Aditya Birla Idea Payments Bank to close operations
Aditya Birla Idea Payments Bank has said it is winding up business on account of "unantic...
Vodafone Idea to close m-pesa business, writes off Rs 210 crore for payments bank closure
Nearly 17 months after it began operations, ABIPBL on July 20 announced winding up of its business on account of "unanticipated developments" that made its economic model "unviable".
Vodafone Idea Q1 loss widens to Rs 4,908 crore QoQ; margins expand
Revenue for the quarter ended June 30 came in at Rs 11,269.9 crore, down 4.3% on quarter.
Idea Mobile Commerce to merge with Aditya Birla Idea Payments
Payments banks are allowed to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.
Idea Q2 profit dives 88% to Rs 91.46 cr on higher expenses
The profit beat an average estimate of 1.55 billion rupees from 13 analysts polled by Thomson Reuters I/B/E/S.
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