Page 14 - Ajinkya Kawale

No betting on chance in Karnataka govt's real-money gaming playbook

According to the draft, the use of real money, tokens, virtual currency, or electronic funds for online betting or wagering is also prohibited

Smart devices to be next bastion for UPI with IoT-ready payment system

NPCI builds Internet of Things rails as UPI targets 10x growth

Funding to fintech companies marginally dips to $889 million in H1CY25

Fintechs in India raised $889.2 mn in H1CY25, down 5.3% YoY and 25.9% from H2CY24, as deal count dropped significantly and late-stage rounds led capital inflow

Gamezop expands to Bahrain, targets $6 million additional revenue

The Indian parent plans to invest $4 million to ramp up operations, hire local talent, and explore inorganic growth opportunities, including acquisitions

MobiKwik's subsidiary receives Sebi approval to act as stock broker

MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.

Real money gaming sector seeks unified regulatory playbook amid scrutiny

Currently, states such as Tamil Nadu, Karnataka, Chhattisgarh, and Maharashtra are at varying stages of enforcing their own rules for the industry

Zupee hits 150 million users, gameplay count doubles in eight months

Gaming platform Zupee has reached 150 million lifetime users and 12.5 billion gameplays, doubling usage since November 2024 through its skill-based formats

MobiKwik names Saurabh Dwivedi CTO, promotes Dhruv Wadhera to SVP

Saurabh Dwivedi joins as CTO to head payments, financial services, platform and InfoSec as MobiKwik focuses on AI-led tech; Dhruv Wadhera elevated to SVP

Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO

Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors

RBI issues final guidelines on due diligence of AePS touchpoint operators

RBI's new AePS guidelines, effective January 2026, require acquiring banks to perform due diligence, monitor transactions, and update KYC of inactive operators

Govt, UPI apps to lay real-time digital tripwire for every payment tap

Extra layers of scrutiny to guard the digitally unversed

Pine Labs plans ₹2,600 cr IPO; Peak XV, PayPal to trim stakes

Pine Labs files DRHP to raise ₹2,600 crore via fresh issue and OFS; proceeds to repay debt, expand globally, and invest in tech and digital checkout

7 of 10 GenZs plan on switching jobs in 6 months for better pay: Survey

Deel survey finds high dissatisfaction among Indian Gen Z professionals with current pay, despite 11 per cent average hike, as many consider remote global roles

'Baseline central norms for gaming will enable uniformity in compliance'

Creating a uniform set of rules for gaming will help domestic players and weed out unscrupulous offshore operators, says Sumanta Dey, VP at Head Digital Works which runs A23 Rummy and A23 Poker

Indian game studios level up with local IPs and cultural narratives

As players warm to culturally resonant content, Indian game studios shift focus from outsourcing to homegrown IPs rooted in local themes and traditions

Prosus bets on India as its creates number 1 lifestyle ecom company

PayU India reorganises payments business, tightens credit underwriting

Days on, Ahmedabad plane crash weighs heavy on minds of pilots, crew

New DGCA norms call for MORE rest for pilots, revision of night duty RULEs, and directions to airlines to submit fatigue reports

'Much-needed relief': Startups on Sebi reforms relaxing ESOP norms

The ease in norms from the Securities and Exchange Board of India (Sebi) comes at a time when multiple Indian startups such as PhonePe, Zepto, Pine Labs

AWS plans to add $23 bn to India's GDP by 2030, says Sandeep Dutta

AWS to invest $12.7 billion in India by 2030 as part of its digital infrastructure expansion and AI integration, supporting over 1.31 lakh jobs annually across sectors

Fintech industry seeks UPI merchant discount rate levy on large sellers

MDR refers to a fee that merchants pay banks or companies processing payments for executing a transaction