Fintech Firms

The lesson for New Delhi: Keep peer-to-peer and mom-and-pop transactions free, but let large commercial platforms pay, say, 0.5 per cent

Fintech and enterprise technology firm Paramotor Digital Technology Ltd on Monday said it has entered into a co-branded partnership agreement with NSDL Payments Bank to issue prepaid cards across India. The partnership will support Paramotor's consumer spend management, digital gifting and rewards and loyalty platforms, including SpendPro, Yayyy.shop and RewardOn. The agreement is expected to enable Paramotor to offer industry-specific prepaid card programmes for enterprises and consumers across various use cases, the fintech firm said in a statement. The partnership will leverage NSDL Payments Bank's prepaid card issuance services and banking infrastructure to support secure, RBI-compliant prepaid payment solutions across payment networks. Rahul Anand, Promoter and Managing Director of Paramotor Digital Technology, said the agreement will strengthen the company's vertically integrated platforms. In May, Paramotor Digital filed draft papers with markets regulator Sebi through ...

Flipkart-backed super.money expects its new commerce platform splitStore to contribute 20% of revenue by December through integrated shopping, lending and payments

Fintech firm MobiKwik reported its third consecutive profitable quarter in Q1 FY27, with net profit at Rs 7.61 crore, revenue from operations rising 3.72 per cent and GMV increasing 50 per cent

The SBI-backed fintech will pilot overseas investment, travel and business-to-business payment offerings this year as it looks to capitalise on rising international transaction volumes

The fintech major has confidentially filed draft papers with Sebi for an IPO that could raise ₹5,000-6,000 crore and value the company at up to ₹60,000 crore

MobiKwik returned to profitability in the fourth quarter of FY26 as lower expenses and reduced payment processing costs supported margins amid stable revenue growth

Walmart-owned PhonePe says its AI-powered integration layer can reduce merchant onboarding timelines from weeks to minutes, especially for small businesses

Fintech major PhonePe on Tuesday said it has crossed 50 million lifetime registered merchants on its platform. The IPO-bound company noted its expansion from offering QR code-based payment solutions to providing a full-stack suite of financial tools, including working capital loans, Point-of-Sale (POS) terminals, and SmartSpeakers. "Reaching 50 million merchants is a significant milestone in our effort to make financial services more accessible to merchants across India. For many of our partners, the journey began with a simple QR code, but that relationship has since matured. Today, digital payments serve as a gateway to a wider range of formal services, including credit," Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe, said. Launched in 2016, PhonePe has over 65 crore registered users. The latest development comes as the company prepares for its initial public offering (IPO), having recently filed an updated draft red herring prospectus (UDRHP-I) with .

Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said. According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. "Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said. A query sent to Peak XV and One Mobikwik elicited no immediate reply. Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV. The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.

Company claims no material impact despite cancellation of payments bank's licence

Acquisition of checkout platform Shopflo aims to strengthen Pine Labs' full-stack commerce offering and deepen engagement with D2C merchants across online and offline channels

Regulators, central bankers and executives have been on high alert after it emerged that Mythos can discover cybersecurity vulnerabilities that have gone undetected for years

Startup plans to scale its savings platform and build AI-led wealth and credit solutions targeting India's 300 million merchants and self-employed segment

QED Investors plans to invest $250-300 million in India over two fund cycles, focusing on AI-driven fintech opportunities in fraud, compliance and voice applications

The new positions will span product development, support functions and financial services functions such as payment processing and fraud investigations

Company pivots beyond real-money gaming, expands into fintech and AI while strengthening portfolio of 11 businesses to regain user engagement

Cred introduces biometric authentication for UPI payments, allowing users to use Face ID or fingerprints instead of PINs for added security and convenience

Fintech firm BharatPe on Thursday announced the appointment of Himanshu Verma as Head of its POS Business, effective immediately. He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem. Verma brings over twenty years of experience across channel sales and distribution, go-to-market strategy, UPI payments, POS/EDC acquisitions, merchant acquisition, and the broader digital payments ecosystem. He has held key leadership roles at Pine Labs, Freecharge, Indepay Networks, Bharti Airtel, Samsung India, Uninor, and Vodafone. In his most recent role at Pine Labs, Himanshu served as Senior Director and National Business Head -- Soundbox (Mini), where he led the incubation, launch, and scale of the business. Verma will report to BharatPe CEO Nalin Negi. "His deep experience in scaling large payment businesses and driving disciplined execution will be key as we continue to strengthen our POS portfolio and expand our merch

The industry is shifting from pandemic-era exuberance to AI-driven discipline, prioritising sustainable unit economics and robust governance over vanity metrics for long-term growth