Page 3 - Ajinkya Kawale

Mumbai-based Mintoak acquires ICC Loyalty to deepen presence in West Asia

The acquisition gives the Mumbai-based fintech access to 34 UAE banks, expands its issuing-side capabilities and takes the combined business to over $30 million in annual revenue

Payments Act amendment may be a precursor to MDR on UPI payments

Proposed amendment shifts the power to notify fee-protected payment modes to the Centre, a move industry sources see as an early step towards a possible UPI MDR

MobiKwik bets on AI to boost loan disbursals by ₹300 crore a quarter

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

MobiKwik posts ₹7.61 cr profit in Q1FY27; revenue from operations up 3.72%

Fintech firm MobiKwik reported its third consecutive profitable quarter in Q1 FY27, with net profit at Rs 7.61 crore, revenue from operations rising 3.72 per cent and GMV increasing 50 per cent

PE/VC investments decline 36% to $20.45 bn in first half of CY2026

Private equity and venture capital investments fell 36 per cent in the first half of 2026, while exits declined 29 per cent amid weaker deal activity, EY-IVCA report showed

Payments monetisation tough, but here for the long term: NTT Data Payments

NTT Data says India remains its most important payments market despite zero MDR challenges, as it expands Adaptis and invests in value-added payment solutions

Just 10 Indians command nearly a fifth of ₹104 trn wealth: 360 One report

Joint report by 360 One and Crisil Intelligence identifies 3,040 Indians with wealth of at least ₹425 crore, with entrepreneurs dominating the list

Google Pay launches second cobranded credit card, partners with SBI Card

Company also integrates Google Gemini into the app to help users analyse spending, track savings and understand financial concepts such as credit scores

Paytm Payments Bank to be wound down after Delhi High Court order

The RBI said the Delhi High Court has ordered the winding up of Paytm Payments Bank (PPBL) following the central bank's petition and cleared the appointment of Nair as the official liquidator

Pine Labs posts ₹19.6 crore Q1 FY27 profit as revenue rises nearly 20%

The fintech reported a four-fold rise in first-quarter profit despite a higher effective tax rate, while revenue growth was supported by investments in sales and merchant expansion

BharatPe, Centrum Financial Services lock horns over Unity SFB capital move

Court restrains lender from taking up authorised share capital increase without BharatPe's approval as shareholders dispute warrant conversion and potential stake dilution

Crypto exchanges, companies welcome new crypto-asset reporting framework

CBDT's Crypto-Asset Reporting Framework sets tax reporting norms for crypto firms from 2026, boosting transparency and paving the way for a clearer regulatory framework

Facing roadblocks: The checkout question for AI commerce in India

Marketplaces fear autonomous agents could bypass discovery and recommendations

Call for change: UPI Meta plan draws pushback from smaller players

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals

We underwrite the Indian consumer, not market cycles: Temasek's Ravi Lambah

Temasek plans to invest another $9-10 billion in India, betting on consumer-led growth, AI applications, healthcare, financial services and renewable energy

Payments firms build AI commerce rails, but ecom platforms stay guarded

Payments companies are building rails for autonomous AI-led shopping, but ecommerce platforms remain wary of losing control over discovery, recommendations and margins

Paytm builds ₹13,529 crore cash pile, eyes organic growth and acquisitions

The fintech firm said it is prioritising organic investments while remaining open to acquisitions at the right valuation as its cash balance rose to Rs 13,529 crore in Q1 FY27

Over 95% of post-restart trading activity came from returning users: WazirX

Crypto exchange says most trading in H1CY26 came from returning users, with one in seven adding fresh capital as it expands products following its October 2025 restart

Cashfree Payments offers zero payment gateway fees to woo new merchants

Cashfree Payments will waive gateway fees on the first Rs 20 lakh of GMV for new merchants as it aims to double its SMB base to 2 million by the end of FY27

Soon, tap & pay offline via UPI: To work where internet isn't available

This opens up use-cases such as payments on flights and underground trains