Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Cashfree targeting return to profitability by Q1FY25: CEO
Mint Mumbai
|January 19, 2024
The firm has introduced over 10 products across payouts, verification & connected banking
-
NEW DELF N early a year after barring Cashfree Payments and Razorpay from onboarding new merchants on their payment aggregator (PA) platforms, the Reserve Bank of India last month lifted the ban and granted them final PA licence.
Ever since, there has been a "significant pent-up demand among businesses eager to utilize Cashfree Payments services," Akash Sinha, CEO and co-founder of the Bengaluru-based payments company told Mint.
"Since obtaining the PA licence, we have already onboarded over 25,000 accounts (or merchants) that were pending for the past 12 months. With expectations of 45,000 to 50,000 monthly merchant leads going forward, we are confident of a sustained growth of our platform," he added.
When there were no new business/ merchants coming onto its payments platform due to the regulatory ban, the once-profitable Cashfree-which claims to have about 3-4 lakh merchant base-said it invested more time developing new products and building new lines of businesses.
Dit verhaal komt uit de January 19, 2024-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
Paint firms strengthen moats as competition heats up
A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.
2 mins
November 28, 2025
Mint Mumbai
Telcos slam Trai penalty plan for financial report flaws
Trai has proposed turnover-linked penalties for filing incorrect, incomplete financial reports
2 mins
November 28, 2025
Mint Mumbai
Consumers warm up to Bolt as it aces 10-min hunger games
A year after launch, Bolt is emerging as Swiggy's fastest-scaling bet.
2 mins
November 28, 2025
Mint Mumbai
Doing India’s needy a good turn: Everyone is welcome to pitch in
What may seem weakly linked with positive outcomes on the ground could work wonders over time
3 mins
November 28, 2025
Mint Mumbai
GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA
What we plan for ourselves isn't always what life plans for us.
2 mins
November 28, 2025
Mint Mumbai
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Mumbai
How the latest labour codes will benefit most employees
Workers may see an increase in some statutory benefits such as gratuity and leave encashment
4 mins
November 28, 2025
Mint Mumbai
Tune into weak signals in a world of data dominance
World War II saw the full fury of air power in battle, first exercised by Axis forces and then by the Allies, culminating in American B-29 bombers dropping atomic bombs on Hiroshima and Nagasaki.
4 mins
November 28, 2025
Mint Mumbai
Investors expect AI use to soar. That's not happening
An uncertain outlook for interest rates. Businesses may be holding off on investment until the fog clears. In addition, history suggests that technology tends to spread in fits and starts. Consider use of the computer within American households, where the speed of adoption slowed in the late 1980s. This was a mere blip before the 1990s, when they invaded American homes.
2 mins
November 28, 2025
Mint Mumbai
Tech startups on M&A route to boost scale, market share
M&As were earlier used to enter new markets or geographies, but that strategy has evolved
2 mins
November 28, 2025
Listen
Translate
Change font size