Ajinkya Kawale

Crackdown on payout API misuse in banned real money gaming may widen probe to payment aggregators and smaller banks amid heightened regulatory scrutiny

The outreach comes at a time when FM Sitharaman on social media platform X took note of the issue and said she will check on it

The clarification follows industry representations seeking clarity on whether PA norms apply to P2PM transactions, which typically involve small merchants and low ticket sizes

Reliance Enterprise Intelligence is no longer a wholly owned step-down subsidiary of RIL after issuing shares to a Meta unit, which now holds 30% of its equity

Apple will open its second Mumbai store in Borivali on Thursday, expanding its India retail network as the company posts record quarterly revenue and sees strong long-term growth potential

Fintech major BillDesk is set to buy Worldline India's payments arm in a deal pegged at $100-150 million, strengthening its aggregation and omnichannel merchant capabilities

UPI's international transaction volumes crossed one million for the first time in FY26, nearly doubling from the previous year, as the payments system expanded across eight countries

Peak XV Partners has closed $1.3 bn across three funds-its first independent raise since parting from Sequoia-targeting AI, fintech, consumer tech and deeptech ventures in India and APAC

NPCI is working on an SMS-less, silent device-binding process for UPI to improve security and onboarding, with rollout expected over the next 12-18 months

A viral moment at the India AI Summit underscored tensions between OpenAI's Sam Altman and Anthropic's Dario Amodei as both firms battle for dominance in the fast-moving AI landscape

NPCI will use Nvidia's Nemotron open models to develop a sovereign, payments-focused AI foundation model aimed at enhancing trust, resilience and scalability across India's payments network

ToneTag raised $5 million from Qualcomm Ventures to expand its AI-driven, sound-based payment technology globally, building on rapid scale and billions in monthly transaction value

The Pre-Series C round saw the participation of investors like Z47, RTP Global, and Fundamentum Partnership

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

For the first time in India, an at-scale, OTP-less authentication framework will allow users to complete credit and debit card transactions

Automating tasks won't overhaul data estates, security frameworks: Experts

Government-backed payments app processes 172 million UPI transactions in January, overtakes Cred and Amazon Pay on leaderboard

Infibeam Avenues, now AvenuesAI, posts 15% rise in Q3FY26 net profit as revenue from operations more than doubles to Rs 2,381 crore

Series F round led by Neo Asset Management will help risk and identity platform pursue acquisitions and strengthen its presence in key overseas markets

RBI's Digital Payments Index climbed to 516.76 in September 2025 from 465.33 a year earlier, driven by gains in payment performance and enablers