Page 2 - Ajinkya Kawale

Cred rolls out Circle platform to connect users with vetted domain experts

Circle will connect Cred users with vetted experts across careers, money, wellness and relationships through text, audio or video at a flat fee of Rs 25 per minute

NeoGeo raises $20 million in Series A round to expand global footprint

The spacetech firm will use the capital to deepen its product portfolio, invest in R&D, strengthen its team and expand across the Middle East and the Americas

Razorpay builds proprietary AI model Vulcan to boost payment success rates

Trained across four billion transactions and 3 trillion data points, Vulcan aims to improve payment success rates, detect fraud and personalise the checkout experience.

Shabnam Sinha to replace Sunil Mittal as Airtel Payments Bank chairperson

Sinha's three-year term to begin on Oct 1, Mittal to leave board on Sept 30

Vijay Shekhar Sharma-controlled Resilient may sell 4.98% Paytm stake

Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged

Over 85% of India's deeptech funding raised in past six years: IVCA

More than 85 per cent of India's $11.4 billion deeptech funding since 2015 was raised in the past six years, as the sector moved from early-stage proof points to commercial validation

WhatsApp Pay's UPI volumes doubled to 168 million in July, shows data

Moved ahead of players such as Cred, Amazon Pay

Three in four spacetech startups yet to raise equity capital: Tracxn data

Overall annual funding grew fivefold over four years, rising from $43 million across 12 rounds in 2021 to $200 million across 53 rounds in 2025

Payments firms mop up $5.8 billion via equity fundraise since 2021

Cred and PhonePe raised $1 billion each during the five-year period, while Pine Labs, Razorpay and BharatPe were among the other major recipients of equity funding

Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

The fintech expects at least 5 million users to get onboarded on the platform to access products like credit line on UPI or credit cards on UPI over the next five years, said Sumeet Basrani

Fintech firms Paytm, Pine Labs double down on adding sales employees

Comes at a time when maintaining merchant relationships becomes a paramount priority

Paytm shares jump 10% after Bernstein revises target price to ₹2,200

Paytm shares surged 10% after Bernstein raised its target price to ₹2,200, citing potential UPI merchant discount rates that could lift the fintech's payments margins from FY28

Dropping this Oct: Apple Pay services set for India launch, no UPI yet

Apple Pay is set to launch in India by October, initially supporting Visa and Mastercard credit cards but not UPI, as Apple negotiates transaction fees with banks

Govt clarifies UPI to remain free; MDR may apply to large merchants later

The Ministry of Finance said UPI users will continue to pay no transaction charges, while a possible MDR could apply only to select merchant transactions above a threshold.

super.money expects ecommerce to net a fifth of revenue by December

Flipkart-backed super.money expects its new commerce platform splitStore to contribute 20% of revenue by December through integrated shopping, lending and payments

Sustained investment needed to run UPI reliably: Payments Council of India

The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

Merchant discount rate on UPI: Small apps to bet on customer base

Potential UPI MDR could boost revenues for dominant players like PhonePe and Paytm, while giving smaller apps a viable path to profitability and customer acquisition

BS Explainer: MDR on UPI, existing fee structures and what may change next

The Taxation and Other Laws (Amendment) Bill, 2026, could pave the way for an MDR on UPI. Here's how MDR works, the current structure and what may change

Talks on UPI MDR structure still premature, says RBI Governor Malhotra

Governor Sanjay Malhotra says discussions on a merchant discount rate for UPI are premature, stressing the need for sustained investment to strengthen India's digital payments infrastructure.

MDR on UPI may open Rs 5,000-10,000 crore revenue pool by FY28

Amendment to PSS Act is the first of several steps; rate, threshold and revenue-sharing formula still undecided