Ajinkya Kawale

Payment aggregators push for fixed and direct share of UPI MDR

The demand is likely to draw resistance, as payment aggregators are not direct members of the UPI network run by the NPCI

We are well capitalised right now: Navi Finserv MD & CEO Abhishek Dwivedi

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Debit card rule may act as template to shield UPI users from MDR fee

A 2017 RBI rule barring merchants from passing debit card MDR to customers could guide safeguards against similar charges on UPI payments

Paradigm shift in cybersecurity seen as defender, attacker are AI-enabled

There is a paradigm shift happening in the cybersecurity domain as entry barriers for attacks have reduced because of artificial intelligence, says 63SATS Cybertech's joint MD & joint CEO

Sachin Bansal-led Navi raises $100 mn from Prosus in maiden funding round

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

Sachin Bansal-led Navi raises $100 mn from Prosus in maiden funding round

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

MobiKwik transfers digital lending business to its NBFC subsidiary MDSPL

The fintech firm has shifted its digital lending operations to MDSPL after RBI approval and expects quarterly disbursals of more than Rs 1,000 crore.

Cred rolls out Circle platform to connect users with vetted domain experts

Circle will connect Cred users with vetted experts across careers, money, wellness and relationships through text, audio or video at a flat fee of Rs 25 per minute

NeoGeo raises $20 million in Series A round to expand global footprint

The spacetech firm will use the capital to deepen its product portfolio, invest in R&D, strengthen its team and expand across the Middle East and the Americas

Razorpay builds proprietary AI model Vulcan to boost payment success rates

Trained across four billion transactions and 3 trillion data points, Vulcan aims to improve payment success rates, detect fraud and personalise the checkout experience.

Shabnam Sinha to replace Sunil Mittal as Airtel Payments Bank chairperson

Sinha's three-year term to begin on Oct 1, Mittal to leave board on Sept 30

Vijay Shekhar Sharma-controlled Resilient may sell 4.98% Paytm stake

Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged

Over 85% of India's deeptech funding raised in past six years: IVCA

More than 85 per cent of India's $11.4 billion deeptech funding since 2015 was raised in the past six years, as the sector moved from early-stage proof points to commercial validation

WhatsApp Pay's UPI volumes doubled to 168 million in July, shows data

Moved ahead of players such as Cred, Amazon Pay

Three in four spacetech startups yet to raise equity capital: Tracxn data

Overall annual funding grew fivefold over four years, rising from $43 million across 12 rounds in 2021 to $200 million across 53 rounds in 2025

Payments firms mop up $5.8 billion via equity fundraise since 2021

Cred and PhonePe raised $1 billion each during the five-year period, while Pine Labs, Razorpay and BharatPe were among the other major recipients of equity funding

Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

The fintech expects at least 5 million users to get onboarded on the platform to access products like credit line on UPI or credit cards on UPI over the next five years, said Sumeet Basrani

Fintech firms Paytm, Pine Labs double down on adding sales employees

Comes at a time when maintaining merchant relationships becomes a paramount priority

Paytm shares jump 10% after Bernstein revises target price to ₹2,200

Paytm shares surged 10% after Bernstein raised its target price to ₹2,200, citing potential UPI merchant discount rates that could lift the fintech's payments margins from FY28

Dropping this Oct: Apple Pay services set for India launch, no UPI yet

Apple Pay is set to launch in India by October, initially supporting Visa and Mastercard credit cards but not UPI, as Apple negotiates transaction fees with banks