Page 11 - Ajinkya Kawale

Casual gaming market set to gain from govt's ban on RMG platforms

The government's blanket ban on real money gaming platforms may shift demand towards casual, midcore and AAA titles that rely on in-app purchases and advertising for growth

Payments Council of India reappoints Patel, Srinivasu; Bansal joins team

The Payments Council of India has reappointed Vishwas Patel and M N Srinivasu as chair and co-chair while inducting Nalin Bansal, alongside naming heads for key payments committees

The cost of free: UPI's exponential growth strains limits of subsidies

Industry players add that while other monetisation-friendly avenues are emerging for UPI, those require to be developed further to offset the impact of free transactions

Investors put $1 billion into real-money gaming firms between 2020 and 2024

It went on to secure $332 million across 22 rounds in 2022, before plummeting to $20.6 million in six rounds in 2023 and $19.5 million in just three rounds in 2024, according to Tracxn

Real-money gaming dealt a losing hand as crackdown follows ₹20,000 cr blow

Experts and industry players warn that the move could backfire by driving users toward unregulated offshore betting platforms

EPWA urges PMO to reconsider ban on real money games, seeks framework

EPWA has written to the PMO urging reconsideration of the blanket ban on real money games, calling for regulation distinguishing skill from chance and safeguarding players' rights

Money gaming industry may be forced to fold as Centre goes all in on ban

Days after it was figuring out how to deal with a steep GST burden, the real money gaming industry has been hit with a legislative tsunami that could effectively eliminate it entirely

Gaming bodies seek Amit Shah's intervention to stop RMG ban in India

Gaming associations warn that banning real-money games could shut 400 firms, endanger 2 lakh jobs, reduce tax revenue, and push users to offshore gambling operators

Govt set to log out real-money games; Bill to be tabled on Wednesday

The draft bill, however, calls for promoting e-sports and online social games, according to a source

Re 1 rise in UPI value trims debit card use by 14 paise: SBI Report

SBI Research report reveals that a Re 1 increase in UPI transaction value reduces debit card usage by 14 paise, reflecting UPI's growing dominance in India's digital payments landscape

Heavy rains bring Maharashtra to its knees; air, road, rail services hit

Flooded streets, stranded commuters and vehicles struggling to navigate the inundated roads once again highlighted the financial capital's annual challenge in dealing with the monsoon rains

Games24x7 rolls out 3rd edition of TechXpedite accelerator programme

Games24x7 announces the third edition of its TechXpedite accelerator, offering support to early-stage startups in AI, gaming, sports, and inclusive technology.

Over 250 flights disrupted in Mumbai as rains lead to delays, cancellations

Heavy rains in Mumbai cause major flight disruptions, including delays, cancellations, and diversions. Over 250 flights were affected, with several diverted to other cities

Real money gaming firms on shaky grounds after increased 40% GST

Several players in the industry said that they would be either forced to move their business offshore or shut down

Credgenics acquires Arrise to build full-stack collections platform

Arrise was founded in 2019. It has a presence across more than 25 states through a network of over 5,000 professionals. It provides calling services in more than 13 languages

WazirX secures majority creditors' nod for revised scheme of arrangement

Zettai said 95.7 per cent of WazirX creditors backed its revised scheme, covering $206.9 million in claims, with redistribution of assets pending Singapore court approval

B2B fintechs turn to M&As to expand business lines and enter retail market

B2B fintechs are increasingly turning to the consumer side of the payments market, using third-party UPI applications (TPAPs) as entry points

More customers now rely on social media platforms for financial decisions

At least 53 per cent of users on Facebook and 57 per cent on Instagram say that such media formats influence financial decision making

IRCTC harbours fintech ambitions with new payment aggregator entity

With RBI's in-principle nod for IRCTC Payments, the rail PSU plans to process transactions in-house, cut costs, and expand payment services beyond railways

Tariff turbulence: Surat's diamond industry faces third crisis in 17 years

The industry still says India will continue to be the preferred hub for diamond polishing because of its skill base and manpower