Ajinkya Kawale

Decision on UPI MDR in govt's domain: RBI governor

A new survey shows online scams are widespread in India, with most users encountering fraud attempts daily and many falling prey to impersonation, QR code traps and emerging deepfake threats

The Reserve Bank of India has constituted a committee to review the regulatory framework for business correspondents, with draft guideline amendments to be released soon for public consultation

The government has formally recognised deeptech startups, extending Startup India benefits to 20 years and raising the turnover limit to Rs 300 crore

Pune-based gaming firm enters global IP ownership, eyes emerging markets and 20x revenue growth over five years

Easing of US tariffs has revived demand-side confidence in India's gems and jewellery sector, raising hopes of reversing export losses and regaining momentum

Gaming firm Nazara Technologies reports sharp fall in Q3FY26 profit and revenue after real money gaming ban hit subsidiary operations

RBI has imposed a compounding fee of Rs 18.76 lakh on Paytm for FEMA violations linked to certain investments in its subsidiaries, the company said

Fintech firm MobiKwik reported a consolidated net profit of ₹4.04 crore in Q3FY26, aided by revenue growth and a sharp decline in expenses, after posting losses in earlier quarters

A moderation in UPI growth is worrying industry players, who warn that low incentives and lack of monetisation could slow expansion of India's digital payments ecosystem

Budget stays silent on MDR, industry to pursue bid in coming months

Union Budget 2026 introduces daily and lump-sum penalties for lapses in crypto asset reporting, aiming to bring virtual digital assets firmly within the formal tax compliance framework

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

The survey added that complementary investments in digital capabilities and institutional capacities should be a priority to expand gains from digital payments

The Noida-based company recorded a net profit of Rs 21 crore in Q2FY26

The survey said that the outflow of capital, including with the advent of stablecoins, is a risk to watch out for

Pine Labs posts strong Q3FY26 profit growth despite one-time hit from new labour codes, driven by higher revenues and better monetisation of digital checkout points

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia

BGMI-maker Krafton plans to launch 3-5 new games in 2026 as it diversifies beyond battle royale and scales Indian IPs like Real Cricket globally

Despite similar toplines, Paytm and PhonePe differ sharply in revenue mix, with PhonePe heavily reliant on payments while Paytm draws more from financial services