Ajinkya Kawale

BFSI Insight Summit 2026: MF CEOs hail SIPs as sector's top innovation

At the BFSI Insight Summit 2026, mutual fund leaders hailed SIPs as the industry's biggest innovation, driving ₹32,000 crore in monthly inflows and widening investor access

BFSI Insight Summit: MDR vital to sustain UPI growth, says PhonePe CEO

PhonePe CEO Sameer Nigam calls for restoring MDR to sustain UPI growth, while outlining plans to expand feature-phone payments, affordable credit and financial services

Tokenisation offers common ledger for real-world assets, says Edul Patel

Mudrex CEO Edul Patel says tokenisation could improve liquidity, transparency and access to real-world assets through a common digital ledger, but regulatory safeguards remain crucial.

India's AA network: New pricing model to now be rolled out from Dec 1

Sahamati has deferred the new pricing model's rollout from November 1 to December 1, giving financial institutions another month of free data access amid requests for postponement

Account aggregators' interoperability to reduce drop-offs at lenders' end

The RBI's interoperability push will allow account aggregators to work across the network, reducing dependence on bilateral tie-ups and potentially improving customer onboarding for lenders

UPI MDR deferred until after Diwali, new date to be notified: NPCI

NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged

Account aggregator network gets a rate card; tech middlemen cut out

AAs are entities that move a customer's financial data from one institution to another, such as from a bank to a lender, but only with the customer's consent

Nazara founder Nitish Mittersain steps down as MD after nearly 27 years

Mittersain will become a non-executive director as Nazara reshuffles its leadership, appoints a new CFO and approves a ₹730.78 crore share allotment to five individuals

Juspay swings to ₹90 crore FY26 loss amid AI investments, global expansion

The SoftBank-backed payments technology firm's revenue rose 30 per cent to ₹664 crore in FY26, while investments in AI and international expansion weighed on profitability

NPCI chief Asbe joins Swift's supervisory board as independent director

NPCI MD and CEO Dilip Asbe joins Swift's 15-member supervisory board, which will oversee the global financial messaging network's strategy and strengthen international cooperation

Fintech stocks decline as MDR on UPI likely to be deferred to January 1

Shares of Paytm, MobiKwik and Pine Labs declined amid reports that the proposed UPI merchant discount rate could be deferred to January 2027 from October 15

Festival breather: UPI merchant fee may be deferred till January 1

UPI MDR may be deferred to January 1, while the exemption for small merchants could be expanded to businesses with annual turnover of up to ₹40 lakh

MDR on UPI unlikely to dent transaction volumes: RBI Governor Malhotra

A 0.4 per cent merchant discount rate takes effect on October 15, while small payments remain free; UPI recorded 802 million average daily transactions in September.

Razorpay helps Indian brands tap ChatGPT ads as AI reshapes discovery

Razorpay Engage is rewriting product catalogues, managing campaigns and measuring performance as brands look to reach consumers discovering products through AI chatbots

No preferential access to biz from group cos: Jio Payment Solutions CEO

Jio Payment Solutions is prioritising large enterprises and profitable segments as it seeks to expand in India's crowded digital payments processing market

India remains key priority as Adyen expands beyond payments: Gary Yang

Adyen's APAC President Gary Yang says India remains a key priority market, with plans to deepen its payments capabilities while expanding into fraud mitigation, loyalty, and usage-based billing

Phi Commerce elevates Rajesh Londhe to CEO, targets international growth

Londhe will lead global strategy and international expansion, while former CEO Jose Thattil becomes executive chairman to oversee strategy, fundraising and partnerships

Apple Pay finally arrives in India, Axis Bank gets 1st-mover advantage

The service is available on iPhone and iPad at launch, with support for Mac in the works; UPI and RuPay are not supported initially

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

MobiKwik co-founder Upasana Taku buys 1.07 lakh shares for ₹2.12 crore

Upasana Taku bought 1.07 lakh MobiKwik shares in two open-market transactions at about ₹198-199 apiece, taking her holding in the fintech firm to 80.65 lakh shares