Cashfree

Bengaluru-based payment aggregator Cashfree Payments has launched a real-time risk management solution ‘RiskShield', which the company claims can help reduce fraudulent activities by up to 40%.The online merchant-focused payment player will allow the users of this product to block transactions from specific mobile numbers, email addresses, IP addresses, Card BIN, UPI handles, and card numbers ensuring better risk management and fraud compliance, the company said in a release today.Elevate Your Tech Prowess with High-Value…

Payment gateway and services provider Cashfree saw revenue from operations rising 75% on year to Rs 614 crore in FY23, even as its losses swelled considerably during the period. The company, which recently received the Reserve Bank of India’s nod to resume onboarding of new merchants, recorded a loss of Rs 133 crore in FY23, a significant jump from Rs 3 crore in the previous year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian…

Happy Thursday! Christmas weekend is almost here, and it’s only ten more days before curtains come down on 2023. We have a busy edition of ETtech Morning Dispatch. With payment aggregator licences secured, expect the development to spark a price war among leading players.Also in this letter:■ Details from Byju’s annual general meeting■ FY23 financials for Euler Motors, Pilgrim■ Voice deepfakes, the latest threatAs RBI lifts curbs, Razorpay, Cashfree eye lost market share The digital payments ecosystem could see a new…

From setting up war rooms with cross-functional teams to working closely with banks, Razorpay and Cashfree are trying everything to win back merchants that they could not onboard earlier due to an RBI embargo, now that they have got the payment aggregator licence.Last year, the Reserve Bank of India had stopped merchant onboarding for both Razorpay and Cashfree. That embargo ended only on Tuesday when the regulator awarded them the final payment aggregator licence.Elevate Your Tech Prowess with High-Value Skill…

Digital payment startups Razorpay and Cashfree have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators.“We are thrilled to announce that we are now onboarding businesses on Cashfree Payment Gateway,” Cashfree wrote on its LinkedIn page.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg…

Some unidentified fraudsters allegedly duped a company of ₹35 lakh by apparently tampering with its online payment gateway system, police said on Saturday.Ankit Rawat, the national head of operations at Parviom Technologies Pvt. Ltd., in his complaint said that his company uses the payment gateway services of Cashfree, which was breached resulting in 35 UPI transactions after getting unauthorised access to the systems through its dashboard. “Through the fraudulent transactions a total of around ₹35 lakh were…

Homegrown cloud-kitchen operator Rebel Foods has acquired the master franchise rights for global fast food chain Wendy’s in India to scale up the latter’s restaurant stores in the country.We have this and more in today’s ETtech Top 5Also in this letter: ■ Musk looking for researchers to rival OpenAI■ Infographic Insight: Google leads the pack in ad revenue■ Cashfree acquires one-click checkout platform ZecpeFaasos parent Rebel Foods to run US fast-food chain Wendy’s in India Wendy’s has struck a deal with Rebel…

Razorpay’s India entity’s net profit increased 19% to Rs 7.37 crore in the fiscal year ended March 31, 2022 (FY22), company filings sourced from business intelligence platform Tofler showed. Its net profit in FY21 was Rs 6.18 crore.Razorpay Software Pvt Ltd’s standalone revenue grew to Rs 1,485.6 crore in FY22, from Rs 844.6 crore in the previous fiscal year.Revenue through payment gateway and software maintenance services remained the key income generators.Revenue from operations for FY22 stood at Rs 1,481.1 crore.Both…

Payments and banking technology firm Cashfree announced its strategic acquisition of Zecpe, a one-click checkout company, to enhance its Direct-to-Consumer (D2C) checkout capabilities, giving its merchants elevated end-to-end checkout and payment experience.This acquisition will also enable Cashfree Payments to offer additional value-added services like Return to Origin (RTO) reduction, fraud detection, and address pre-filling, among others."We are certain that this acquisition will strengthen our D2C one-click checkout…

Improve Article Save Article Like Article Improve Article Save Article On our campus, Cashfree Payments started its drive on 1st week of August 2022.Round 1 (Coding Assessment): There were 2 coding questions and 10 MCQs.The questions were based on DSA.Questions were medium level.One question was based on the Stack, to reduce the string by removing K consecutive identical characters. My solution passed all the test cases.The second question was to find the minimum operations require to segregate all zeros at the end…