Page 22 - Ajinkya Kawale

Financial services firm Navi appoints new CEOs as part of leadership rejig

Sachin Bansal steps down as Navi CEO; to serve as executive chairman of the group

Paytm Money settles Sebi norm violation allegations for Rs 45.5 lakh

In a separate development, Paytm Money announced the appointment of Rajeev Krishnamuralilal Agarwal as an additional non-executive independent director on its Board

FATF invites Indian online gaming firms to discuss laundering risks

Companies invited for tomorrow's meet include Dream11, Baazi Games, Zupee, WinZO, and others

WazirX parent schedules voting process for scheme of arrangement for March

Legal firm Kroll will be the party platform for the voting process, while Alvarez & Marsal will act as its independent assessor

Razorpay elevates Haria to role of CPO as it eyes Southeast Asia expansion

The appointment comes at a time when the company is planning to expand in Southeast Asia and focus on expanding Unified Payments Interface (UPI) and Razorpay POS

Fintech firm CheQ aims to check boxes for every credit need

Founder Aditya Soni is very clear that he is not interested in selling financial products; instead, he is laser-focused on keeping customers' credit healthy

MIB, IEIC, and WinZO launch Tech Triumph Season 3 for gaming startups

The TTP supports gaming startups through investment, mentorship, and global exposure

Cryptocurrency exchange WazirX completes asset restructuring on platform

The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme

PhonePe clocks record 8.1 bn UPI transactions in January, shows NPCI data

PhonePe continued to dominate the UPI ecosystem, commanding a 47.67 per cent market share, with Google Pay and Paytm holding 36.38 per cent and 6.78 per cent, respectively

RBI to introduce exclusive internet domains for banks and non-banks

RBI proposes additional factor authentication (AFA) for online international 'card-not-present' transactions

SaaS unicorn Perfios acquires financial crime management company Clari5

The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets

Infibeam Avenues' subsidiary receives approval to offer UPI payments

Axis Bank will act as the payment service provider (PSP) bank for RediffPay

PhonePe to wind down account aggregator business, surrender NBFC-AA licence

Account aggregators are non-banking financial companies (NBFCs) that deliver a user's financial data from financial information providers (FIPs) to financial information users (FIUs)

RBI proposes security step for international card not present transactions

AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions

PlaySuper raises $500,000 in seed funding led by IAN Angel Fund, 100X.VC

PlaySuper will launch a hyper-personalised in-game store allowing integration without requiring updates

NPCI chief advocates for stronger legal systems to deter cyber frauds

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

Budget 2025 slashes digital payments incentives: Is MDR on its way out?

With the Budgetary outlay for UPI transactions cut by 78 per cent, industry insiders wonder if transaction fees are likely to be introduced

Fintech firm Cashfree Payments raises $53 mn in fresh funding round

The company claims to process transactions worth $80 billion annually. It has a base of 8,00,000 merchants, including internet startups and enterprises

Paytm, its CEO fined with GST penalty over alleged non-compliance

The Noida-based company said it was evaluating its options, including an appeal against the order issued by the Joint Commissioner, CGST Delhi North

Infibeam Avenues Q3 FY25 results: Net profit up 42.6% at Rs 62.4 cr

Partnerships with banks, fintech firms and regulators 'paves way for hyper‐growth', says digital payments company