Ajinkya Kawale

super.money expects ecommerce to net a fifth of revenue by December

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

Sustained investment needed to run UPI reliably: Payments Council of India

The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

Merchant discount rate on UPI: Small apps to bet on customer base

Potential UPI MDR could boost revenues for dominant players like PhonePe and Paytm, while giving smaller apps a viable path to profitability and customer acquisition

BS Explainer: MDR on UPI, existing fee structures and what may change next

The Taxation and Other Laws (Amendment) Bill, 2026, could pave the way for an MDR on UPI. Here's how MDR works, the current structure and what may change

Talks on UPI MDR structure still premature, says RBI Governor Malhotra

Governor Sanjay Malhotra says discussions on a merchant discount rate for UPI are premature, stressing the need for sustained investment to strengthen India's digital payments infrastructure.

MDR on UPI may open Rs 5,000-10,000 crore revenue pool by FY28

Amendment to PSS Act is the first of several steps; rate, threshold and revenue-sharing formula still undecided

Mumbai-based Mintoak acquires ICC Loyalty to deepen presence in West Asia

The acquisition gives the Mumbai-based fintech access to 34 UAE banks, expands its issuing-side capabilities and takes the combined business to over $30 million in annual revenue

Payments Act amendment may be a precursor to MDR on UPI payments

Proposed amendment shifts the power to notify fee-protected payment modes to the Centre, a move industry sources see as an early step towards a possible UPI MDR

MobiKwik bets on AI to boost loan disbursals by ₹300 crore a quarter

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

MobiKwik posts ₹7.61 cr profit in Q1FY27; revenue from operations up 3.72%

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

PE/VC investments decline 36% to $20.45 bn in first half of CY2026

Private equity and venture capital investments fell 36 per cent in the first half of 2026, while exits declined 29 per cent amid weaker deal activity, EY-IVCA report showed

Payments monetisation tough, but here for the long term: NTT Data Payments

NTT Data says India remains its most important payments market despite zero MDR challenges, as it expands Adaptis and invests in value-added payment solutions

Just 10 Indians command nearly a fifth of ₹104 trn wealth: 360 One report

Joint report by 360 One and Crisil Intelligence identifies 3,040 Indians with wealth of at least ₹425 crore, with entrepreneurs dominating the list

Google Pay launches second cobranded credit card, partners with SBI Card

Company also integrates Google Gemini into the app to help users analyse spending, track savings and understand financial concepts such as credit scores

Paytm Payments Bank to be wound down after Delhi High Court order

The RBI said the Delhi High Court has ordered the winding up of Paytm Payments Bank (PPBL) following the central bank's petition and cleared the appointment of Nair as the official liquidator

Pine Labs posts ₹19.6 crore Q1 FY27 profit as revenue rises nearly 20%

The fintech reported a four-fold rise in first-quarter profit despite a higher effective tax rate, while revenue growth was supported by investments in sales and merchant expansion

BharatPe, Centrum Financial Services lock horns over Unity SFB capital move

Court restrains lender from taking up authorised share capital increase without BharatPe's approval as shareholders dispute warrant conversion and potential stake dilution

Crypto exchanges, companies welcome new crypto-asset reporting framework

CBDT's Crypto-Asset Reporting Framework sets tax reporting norms for crypto firms from 2026, boosting transparency and paving the way for a clearer regulatory framework

Facing roadblocks: The checkout question for AI commerce in India

Marketplaces fear autonomous agents could bypass discovery and recommendations

Call for change: UPI Meta plan draws pushback from smaller players

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals