Ajinkya Kawale

Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, paving the way for a wallet revival after regulatory curbs on PPBL

RBI imposed a ₹9 lakh penalty on MobiKwik for breaching PPI transfer limits and failing to report certain frauds within the prescribed timeline following an inspection

Banks are tightening merchant onboarding and payout checks at fintech firms amid rising cyber fraud risks and record digital payment volumes during the festive season

Nvidia's chips underpin major Indian AI projects, including Reliance, Yotta, L&T, and Sarvam, even as chief executive Jensen Huang faces scrutiny over a suspected Chinese intelligence operative

HSBC India may join Apple Pay by FY27-end, as the iPhone maker holds discussions with major Indian banks over commercial terms

The Delhi High Court has upheld BharatPe's right to approve key decisions at Unity SFB, rejecting the lender's appeal in a dispute over a proposed capital increase and stake dilution.

Cashfree's new Checkout for Agents uses WebMCP to help AI agents navigate payment pages, reduce token consumption by over 40 per cent and complete purchases with user approval.

The revised directions mandate annual system audits, source code safeguards and stricter oversight of third-party ATM switch providers, with immediate effect for large and medium PSOs.

Payment companies may shift from monthly soundbox rentals to transaction-based fees as UPI merchant charges take shape, with businesses unlikely to pay both costs

An ISB survey finds that 10.4 per cent of vendors face additional charges from suppliers for UPI payments, even as the proposed MDR levy remains deferred until after Diwali

NPCI Tech Solutions Limited will focus on AI, blockchain, digital financial infrastructure and GCC services, with NPCI chief technology officer Vishal Kanvaty named MD and CEO

MobiKwik aims to raise lending's share of revenue to 50 per cent from 25-30 per cent and expects quarterly loan disbursements to reach ₹1,500-2,000 crore over six to eight quarters.

Festive spending pushed UPI transactions to 25.47 billion, worth ₹31.53 trillion, even as the proposed merchant discount rate remains in focus

The lender says its banking systems and services remain unaffected; the investigation follows a hacking group's claim that it accessed KYC, loan and other customer records

At the BFSI Insight Summit 2026, mutual fund leaders hailed SIPs as the industry's biggest innovation, driving ₹32,000 crore in monthly inflows and widening investor access

PhonePe CEO Sameer Nigam calls for restoring MDR to sustain UPI growth, while outlining plans to expand feature-phone payments, affordable credit and financial services

Mudrex CEO Edul Patel says tokenisation could improve liquidity, transparency and access to real-world assets through a common digital ledger, but regulatory safeguards remain crucial.

Sahamati has deferred the new pricing model's rollout from November 1 to December 1, giving financial institutions another month of free data access amid requests for postponement

The RBI's interoperability push will allow account aggregators to work across the network, reducing dependence on bilateral tie-ups and potentially improving customer onboarding for lenders

NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged