Happy Tuesday! In today’s ETtech Morning Dispatch, notable updates include Google Pay’s potential launch of a co-branded credit card with Axis Bank, signaling a significant shift in its approach to financial services after primarily focusing on digital payments. This launch could enhance competitive positioning against rivals like Paytm and PhonePe. Meanwhile, Ola Electric faces challenges, with Q1 revenue nearly halving amid fierce competition, prompting a pivot towards profitability. In HR news, TCS has rolled out 100% variable pay for over 70% of its employees during the April-June period. Additionally, Insurtech startup Plum is expanding its healthcare services with a Rs 200 crore investment. Investors are also showing interest in AI-driven platforms like AppsForBharat, which recently raised funds for enhancing user engagement through advanced tech solutions. As the fintech landscape evolves, these developments demonstrate critical shifts in strategy among major players in India’s tech ecosystem.
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