Page 12 - Ajinkya Kawale

PhonePe tops UPI in July with 8.93 bn transactions, 46% market share

PhonePe processed 8.93 bn UPI transactions in July, ahead of Google Pay's 6.92 bn, as total UPI volume hit a record 19.46 bn worth ₹25.08 tn, NPCI data shows

Paytm's PA nod may increase market competition in digital payments

RBI's in-principle approval allows Paytm to resume merchant onboarding, lifting 2022 restrictions and opening the field to stronger competition in the payments space

UPI's top checkout by volume in July: The grocery aisle dominates

NPCI uploads new data points on UPI from time to time. One of the reasons to do that is to provide an ecosystem-level overview to all ecosystem participants, including banks and fintechs

Infibeam to sell ecommerce unit to its subsidiary Rediff for Rs 800 crore

Infibeam will sell its e-commerce platform to Rediff for ₹800 crore, raising its stake to 82.7%; Rediff may explore IPO and scale digital business offerings

Fintech firm BharatPe eyes funding round ahead of IPO, says CEO Nalin Negi

After posting a Rs 6 crore profit in FY25, BharatPe plans a pre-IPO round and aims for a fully PAT-positive business before listing, says CEO Nalin Negi

Delhi High Court orders WazirX to disclose Binance acquisition details

The court has also ordered the company to disclose details of the ongoing restructuring proceedings before the Singapore High Court, as per its order dated August 5

Fintech firm BharatPe clocks Rs 6 crore in profitability in FY25

BharatPe reported Rs 6 crore adjusted pre-tax profit in FY25, driven by revenue growth, UPI transactions, NBFC consolidation, and RBI's nod for payment aggregation

UPI not free even now, govt subsidising it, says RBI Guv Sanjay Malhotra

Every year, the central government earmarks a certain amount for the promotion of UPI peer-to-merchant (P2M) transactions and RuPay debit card transactions

DPDzero raises $7 mn Series A to scale AI-powered debt collections

Debt collections platform DPDzero secures $7 mn Series A funding led by GMO Venture Partners, SMBC Asia Rising Fund, and Blume Ventures to expand AI and field collection network

SuperGaming raises $15 mn Series B to take Indus Battle Royale global

Pune-based SuperGaming secures $15 mn in Series B funding at a $100 mn valuation to expand Indus Battle Royale to Latin America and scale game development capabilities

Paytm waits on mkt cap rule to ramp up UPI: MD & CEO Vijay Shekhar Sharma

Paytm CEO says the firm will deepen its UPI push once market share caps are imposed in 2026; aims to grow merchant services, go AI-first, and expand globally

GameRamp raises $5.4 mn pre-seed round to scale AI and launch tools

San Francisco-based GameRamp raises $5.4 million to expand AI and engineering teams in India and the US, and launch AI monetisation and embedded financing tools

IAMAI appoints Dream11's Bhavit Sheth to head digital gaming panel

IAMAI names Bhavit Sheth as chair and Nikhil Bansal as co-chair of its Digital Gaming Committee, aiming to boost responsible gaming and policy engagement

Paytm block deal: Chinese investor Ant group may sell remaining 5.84% stake

Ant Group is expected to offload its remaining 5.84% stake in Paytm worth $434 million, marking a potential exit from the fintech firm. The deal comes amid growing regulatory concerns

PhonePe's Indus Appstore strikes pact with Alcatel after Lava, Xiaomi

Indus Appstore will now be pre-installed on Alcatel smartphones in India, marking its third OEM partnership after Lava and Xiaomi, expanding its reach and app discovery features

CoinDCX to absorb $44 million security breach loss: CEO Sumit Gupta

Gupta maintained that customer funds on the platform were not compromised since they were parked on a cold wallet infrastructure

IPV launches $110 mn angel fund in GIFT City to tap global startup capital

IPV International, the new CAT I fund by Inflection Point Ventures, aims to invest $100,000-$1 mn in early-stage startups and has already backed Singapore's Cellivate

Google proposes allowing all real-money games on Play Store in India

The tech giant also said it was finalising an approach for an "appropriate business model" that would take into account the commercial model used by developers in the RMG ecosystem

ICICI Bank to charge payment aggregators for UPI transactions from August 1

Private lender to charge up to Rs 10 per transaction on PAs; move follows rising infra costs and lack of MDR revenues in fast-growing UPI ecosystem

Platform security assumes criticality in the face of crypto hacks

Crypto platforms need to integrate automation and intelligence into a unified security stack, run well-compensated bug bounty programmes, and have stringent KYC protocols in place