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Results● Neutral for Manipal Payment and Identity Solutions
Manipal Payment Q1 profit more than doubles as international business gains traction
The brief
- Net profit more than doubled year-on-year
- Revenue rose 48%; exports are gaining traction
- PB Fintech falls below its 2021 IPO price amid proposed insurance commission changes
- Airtel Money sets London IPO price at £1.96, targeting £529 million
- UPI usage holds steady in September despite backlash over new MDR norms
- AIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactions
- PB Fintech faces 30% revenue risk from draft IRDAI rules, turns to costs, volumes for relief