INDUS APPSTORE NEWS
Credit card bill payment hurdles; startup funding logs slight uptick
Happy Friday! The central bank has mandated credit card bill payments through Bharat Bill Payment System (BBPS), but only eight of 34 banks are live on the network, causing concern among payment companies. This and more in today’s ETtech Morning Dispatch.
Exclusive: ED seeks look out notice against Byju Raveendran
The Directorate of Enforcement has asked the Bureau of Immigration to issue a look out circular against Raveendran, sources told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure that he does not leave the country.
PhonePe launches made-in-India Indus Appstore to take on Google, Apple
Indus Appstore will not charge platform fee or commission from developers, who can also integrate any payment gateway of their choice inside their apps.
Fintechs top mutual fund distribution sweepstakes; IT sector’s slowest growth in a decade
Data showed that in November, 30 lakh new SIPs were generated by the entire industry. Industry estimates said that around 42% of these SIPs were issued through fintechs like Groww, Paytm Money, AngelOne and others.
PhonePe, Affle Global reach settlement on OSLabs acquisition
ET reported on April 13 that both parties were looking to settle the matter after filing cases against each other in the Singapore High Court starting May 2021.
