Ajinkya Kawale

Reliance Enterprise Intelligence ceases to be wholly owned arm of RIL

Reliance Enterprise Intelligence is no longer a wholly owned step-down subsidiary of RIL after issuing shares to a Meta unit, which now holds 30% of its equity

Apple to open second Mumbai retail store in Borivali on Thursday

Apple will open its second Mumbai store in Borivali on Thursday, expanding its India retail network as the company posts record quarterly revenue and sees strong long-term growth potential

BillDesk set to acquire Worldline India's payments business

Fintech major BillDesk is set to buy Worldline India's payments arm in a deal pegged at $100-150 million, strengthening its aggregation and omnichannel merchant capabilities

UPI's global volumes cross 1 mn in FY26, nearly doubling from last year

UPI's international transaction volumes crossed one million for the first time in FY26, nearly doubling from the previous year, as the payments system expanded across eight countries

Peak XV closes $1.3 bn across India and APAC funds after Sequoia split

Peak XV Partners has closed $1.3 bn across three funds-its first independent raise since parting from Sequoia-targeting AI, fintech, consumer tech and deeptech ventures in India and APAC

Security upgrade: SMS-less UPI signup may be launched by next year

NPCI is working on an SMS-less, silent device-binding process for UPI to improve security and onboarding, with rollout expected over the next 12-18 months

Rivals Altman, Amodei signal distance in unforgiving global AI race

A viral moment at the India AI Summit underscored tensions between OpenAI's Sam Altman and Anthropic's Dario Amodei as both firms battle for dominance in the fast-moving AI landscape

NPCI, Nvidia tie up to boost sovereign AI infra for payment ecosystem

NPCI will use Nvidia's Nemotron open models to develop a sovereign, payments-focused AI foundation model aimed at enhancing trust, resilience and scalability across India's payments network

ToneTag secures $5 mn from Qualcomm Ventures to scale sound-based payments

ToneTag raised $5 million from Qualcomm Ventures to expand its AI-driven, sound-based payment technology globally, building on rapid scale and billions in monthly transaction value

Peak XV Partners leads $25 million pre-Series-C round in Stable Money

The Pre-Series C round saw the participation of investors like Z47, RTP Global, and Fundamentum Partnership

Payments industry adopts AI-led interfaces, LLMs to reshape transactions

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

Going OTP-less: Mastercard, Visa rolling out passkeys for card transactions

For the first time in India, an at-scale, OTP-less authentication framework will allow users to complete credit and debit card transactions

AI is new reality but may not spell doom for IT services: Experts

Automating tasks won't overhaul data estates, security frameworks: Experts

BHIM's UPI volumes grow five-fold, market share inches closer to 1%

Government-backed payments app processes 172 million UPI transactions in January, overtakes Cred and Amazon Pay on leaderboard

AI payments firm AvenuesAI net profit at ₹71.88 cr, revenue doubles

Infibeam Avenues, now AvenuesAI, posts 15% rise in Q3FY26 net profit as revenue from operations more than doubles to Rs 2,381 crore

IDfy raises ₹476 crore to fund acquisitions and global expansion

Series F round led by Neo Asset Management will help risk and identity platform pursue acquisitions and strengthen its presence in key overseas markets

RBI digital payments index rises to 516.76 in Sept 2025 on wider adoption

RBI's Digital Payments Index climbed to 516.76 in September 2025 from 465.33 a year earlier, driven by gains in payment performance and enablers

ULI lender base grows to 89; interface has supported over 12 loan journeys

RBI's ULI onboards 89 lenders, supports 12+ digital loan journeys, enabling MSME, agri and retail credit via common tech infrastructure

Juspay eyes Middle East market, opens regional headquarter in Dubai

Payments infrastructure unicorn Juspay is expanding into the Middle East as the company announced the opening of its regional headquarters in the Dubai International Financial Centre (DIFC)

Cross-border biz to drive up to 15% of Cashfree's FY26 topline: Co-founder

Fintech firm Cashfree Payments' co-founder Reeju Datta says cross-border segment is the fastest-growing, and operates on a higher margin than domestic transactions