Wipro Q4 results; RBI nod for Cred’s payment aggregator biz

ETtech.com— IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.Also in this letter:■ Startups hold back CXO hikes■ Indian smartphone market continues recovery■ Aurionpro to acquire Arya.aiWipro Q4 profit falls 8% on year to Rs 2,835 crore 109437982Wipro MD and CEO Srini PalliaIT major Wipro on Friday reported an 8% fall in consolidated profit for the fourth quarter of FY24 at Rs 2,835 crore, as against Rs 3,074 crore a...

MediaNama—RBI Extends Payment Aggregator Rules to Include Physical Point of Sale Payment Providers. bank-owned P-PA services do not require any authorization, but will also have to ensure compliance with other requirements for P-PAs.

ETtech.com—RBI digital payments: Track fishy transactions, RBI tells payment firms. The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...

ETtech.com—RBI’s missive to online payment firms; CEO shuffle at startups. Happy Monday! The country’s central bank has asked payment companies to flag high-value suspicious transactions amid the ongoing general elections. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ Zomato hikes platform fee■ IT cos see employee wage cost rise■ Dhruva Space raises Rs 78 crore Track fishy transactions, RBI tells payment firms amid ongoing elections 109485600The Reserve Bank of India (RBI) has asked payment system operators (PSOs) to step up their checks on...