Page 17 - Ajinkya Kawale

Fintech-focused VC firm QED Investors eyes India in $300 mn Asia push

After investing around $200 million in India since 2020, the VC firm is pushing deeper into Asia-now operating in Indonesia, Japan, and Singapore, and setting its sights on South Korea and Australia

Time spent on gaming grows 30%, 18-30 ages dominate India's market

Lumikai report shows gaming time in India rose to 13 hours a week in 2024, driven by young users aged 18-30, with UPI accelerating in-game payments and monetisation

Videos perform better than static photo posts, says Instagram's Mosseri

At WAVES Summit, Instagram head Adam Mosseri says videos outperform static content on average while emphasising India's role in driving platform trends and engagement

Winzo FY24 results: Profit more than doubles to ₹315 cr; revenue up 70%

The gaming platform's revenue from operations grew 70.35 per cent from Rs 619.42 crore in FY23 to Rs 1,055.22 crore in FY24

NPCI issues two circulars on API usage amid rising UPI disruptions

NPCI has asked banks to enforce changes in the response time of UPI APIs by June 16

Paytm's gaming firm gets Rs 5,712 cr GST notice, will seek relief

First Games Technology says tax claim is an 'industry-wide issue' and will be challenged

NPCI directs UPI members to follow new API guidelines to avoid disruptions

For instance, this includes restricting a high number of repeat APIs for the same or older transactions

Call for stronger anti-scam education on crypto platforms, shows survey

Over 64 per cent of the respondents polled by global crypto exchange Binance said they used exchanges multiple times a week or in a day

Perfios strengthens portfolio with IHX, its third acquisition this year

Goswami explained that deal would tackle ecosystem-level challenges such as lack of real-time transparency, inefficiencies in claim processing and the rising cost burden in healthcare for customers

BHIM app rolls out the UPI Circle feature with partial delegation

Transactions initiated by these secondary users will require explicit approval from the primary users via their UPI PIN on the application

Coming soon: A new system to integrate netbanking, payment aggregators

This new switch being developed by NPCI subsidiary NPCI Bharat BillPay Limited (NBBL) will not leverage any existing payments system tech but will focus on creating a new system altogether

Juspay establishes an entity in Singapore as part of APAC expansion

Juspay has a presence across markets such as India, United States of America (US), United Kingdom (UK), Brazil and Singapore. It has teams spanning 1,200 members across these regions

Bitcoin, Dogecoin, Ethereum lead crypto holdings on CoinSwitch in Q1

Crypto markets are gaining momentum as Bitcoin has bounced back, surpassing $87,000 after dipping to $74,500 earlier this month

BluSmart users' wallet woes: 'Closed loop' model may pose refund issues

Blusmart may not earn any interest on funds in the escrow account that handles the wallet

Krafton India picks six studios for its second incubation programme

Four game companies were part of KIGI's inaugural batch in 2024. They have soft-launched their titles on platforms like Play Store and are gearing up for the release

84% lenders use both traditional, alternative data to underwrite borrowers

Alternative data includes insights such as phone usage, utility payments, e-commerce transactions, social media activity, employment history, and in some cases, email and SMS data

Diamond polishers in Surat face a rougher grind as US tariffs cut deep

The tariff trap Part-I: The first of a three-part series captures how Surat's diamond industry is coping with tariff uncertainties

Tighter norms, rising compliance failures driving scrutiny for startups

Jaggi brothers case spotlights rising governance issues in startup ecosystem

Paytm founder Vijay Shekhar Sharma voluntarily forgoes 21 million Esops

The company said the move will result in a "one-time, non-cash, acceleration of ESOP expense of Rs 492 crore in the fourth quarter of financial year 2025 (Q4FY25)

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls