Ajinkya Kawale

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

AI slashes cost of launching cyberattack to under $3, says Mastercard

Technology, public and financial sectors account for 44 per cent of cyberattacks in India, while firms are strengthening governance as AI agents pose new risks

75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe

18% GST on merchant discount rate could be reviewed

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27

MDR on UPI payments: What customers, merchants need to know from Oct 15

From October 15, MDR will apply to certain UPI payments above ₹2,000 made to large merchants, while customers and eligible small vendors will continue to pay no fee

Fintechs race to expand merchant networks as MDR returns to UPI payments

PhonePe, Paytm, Pine Labs and MobiKwik are stepping up merchant acquisition and device deployment as UPI MDR returns and NPCI plans a Rs 3,000-crore fund

Trade bodies call for 'No UPI Day' on October 2 to protest MDR levy

Business associations plan a No UPI Day on October 2 to protest the 0.4 per cent merchant discount rate set to apply to UPI merchant payments above Rs 2,000 from October 15

10 mn users & counting, Amazon Pay Later lines up a broader credit play

Amazon Pay India CEO Vikas Bansal says the company will focus on expanding its smart wallet and digital credit offerings for consumers and small businesses.

Binance invests $100 mn in Circle, expands partnership to promote USDC

The five-year partnership will see Binance promote USDC across its global platform, particularly in emerging markets, while Circle provides infrastructure services

PhonePe secures UAE payments licences, plans Aani, Jaywan support

The fintech major has received in-principle approval for two UAE payments licences and plans to support domestic payment rails Aani and Jaywan ahead of its commercial launch