Page 3 - Ajinkya Kawale

Slow UPI growth: Industry frets as monetisation remains elusive

A moderation in UPI growth is worrying industry players, who warn that low incentives and lack of monetisation could slow expansion of India's digital payments ecosystem

Budget 2026: UPI, RuPay subsidy for FY27 at ₹2,000 crore; MDR unchanged

Budget stays silent on MDR, industry to pursue bid in coming months

Budget 2026 proposes penalties for non-compliance in crypto reporting

Union Budget 2026 introduces daily and lump-sum penalties for lapses in crypto asset reporting, aiming to bring virtual digital assets firmly within the formal tax compliance framework

Paytm wants to tackle UPI concentration risk via organic tech plans

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

Eco Survey: UPI sustainability reliant on incentives, constant investment

The survey added that complementary investments in digital capabilities and institutional capacities should be a priority to expand gains from digital payments

Paytm Q3 net profit at ₹225 cr, revenue from ops grows to ₹2,194 cr

The Noida-based company recorded a net profit of Rs 21 crore in Q2FY26

Stablecoins can disrupt capital flows to emerging markets: Eco Survey

The survey said that the outflow of capital, including with the advent of stablecoins, is a risk to watch out for

Pine Labs' Q3 results: Net profit at ₹42.4 crore, revenue up 23.7%

Pine Labs posts strong Q3FY26 profit growth despite one-time hit from new labour codes, driven by higher revenues and better monetisation of digital checkout points

Pine Labs partners with UAE-based Wio Bank for tech infrastructure

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia

South Korean gaming major Krafton to launch 3 to 5 new titles in 2026

BGMI-maker Krafton plans to launch 3-5 new games in 2026 as it diversifies beyond battle royale and scales Indian IPs like Real Cricket globally

Payments major revenue contributor for PhonePe, Paytm diversified

Despite similar toplines, Paytm and PhonePe differ sharply in revenue mix, with PhonePe heavily reliant on payments while Paytm draws more from financial services

Trai's exclusive numbering mandate raises concern on debt collection

TRAI's 1600-number mandate to curb fraud may raise lenders' collection costs and push NBFCs and banks back towards field-based debt recovery

PIDF's likely completion to cause minor topline dent for fintechs

Shares of Paytm fell 9.53 per cent to ₹1,140.75 on BSE on Friday

Fintech Juspay raises $50 mn in Series D follow-on at $1.2 bn valuation

Funding round led by WestBridge Capital includes primary and secondary investment

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Walmart and other existing investors plan to sell 5.06 crore shares; fintech major targets ₹12,000 crore raise

Trai's number mandate for debt collection may have unintended consequences

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Cashfree Payments rolls out ESOP buyback programme a year after fundraise

Fintech firm Cashfree Payments has announced an ESOP buyback plan covering over 400 current and former employees, offering liquidity as the company completes a decade of operations

Payoneer India gets RBI in-principle nod as cross-border payment aggregator

RBI's in-principle approval allows Payoneer India to expand cross-border payment services for importers and exporters, even as 19 entities have already received full PA-CB authorisation from regulator

Apple Pay likely to enter India market this year, launch seen by end-2026

With this service, customers can save their credit and debit cards to the Apple Wallet

Fintech major PhonePe secures Sebi approval for IPO, to pursue OFS route

The listing will target a pure offer-for-sale (OFS) route, a source said