Shares of digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading as The Indian fintech’s $69 million IPO comes amid fierce competition from larger rivals, and it pushes MobiKwik’s market value to $464 million, well above its initial target of $250 million. This remains substantially lower than the $924 […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Some digital services look like banks and act like banks, but aren’t banks — meaning they can, for instance, close down your account without notice. Or be difficult to contact when you want to dispute fraud. This is about to change: the U.S. Consumer Financial Protection Bureau (CFPB) has just ruled that all digital services […]

© 2024 TechCrunch. All rights reserved. For personal use only.