Ajinkya Kawale

Private equity investments in India surged 48% to $8.71 billion in H1 2026, led by software and internet firms, even as the number of deals declined

NPCI is developing a Unified Agent Protocol to enable trusted AI agents to make UPI payments, positioning India at the forefront of agentic commerce

The fintech firm expects software-as-a-service products to contribute 40 per cent of revenue over the next 18 months as smaller banks seek greater control over payments, said co-founder Rajesh Londhe

More than 611 million UPI transactions worth Rs 25,416 crore were authenticated using biometrics in June, reflecting rising adoption of fingerprint and facial recognition

PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

Use cases raise questions around permissions and security, as deployments progress beyond proof-of-concept

Visa Payment Passkey allows cardholders to authenticate online transactions using biometrics, PINs, passwords or patterns instead of traditional one-time passwords

The partnership will enable real-time foreign exchange rates for cross-border UPI payments, allowing users to view the exact rupee amount payable at the point of transaction

Businesses say phone numbers will remain central to customer interactions despite WhatsApp's username feature, while cybersecurity experts expect improved privacy and lower spam

Closure follows the Centre's ban on real money gaming and the Supreme Court's GST ruling, as the company rolls back one of its key diversification initiatives

Digital lender's proposed public issue comprises a Rs 750 crore fresh issue and an offer-for-sale of more than 40 million shares by existing investors

Private equity and venture capital investments fell to $2.1 billion across 76 deals in May as geopolitical tensions and valuation mismatches dampened deal activity, EY-IVCA said

Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits

Indian fintech firms are expanding into cross-border payments via GIFT City, leveraging IFSCA's PSP licence to tap trade finance, treasury and capital market opportunities

Cross-border payment firms are seeking licences in markets such as Canada, the US and Singapore as they look to build a multi-country presence beyond India

The crypto exchange added 3 million registered users in the first half of CY26, while trading value declined amid evolving market dynamics and growing institutional participation

Meta acquires a minority stake in Cred through a $900 million investment and appoints founder Kunal Shah as global head of WhatsApp

PayU is building AI-powered tools and agent marketplaces as it bets on agentic commerce and payments becoming the next frontier in digital transactions

Cheap, customised AI tools are making deepfake scams harder to detect, exposing banks, fintechs and consumers to rising fraud risks