Page 3 - Ajinkya Kawale

Razorpay moves closer to market debut with confidential IPO filing

The fintech major has confidentially filed draft papers with Sebi for an IPO that could raise ₹5,000-6,000 crore and value the company at up to ₹60,000 crore

RBI issues payment system authorisation norms under new master directions

The new framework consolidates existing regulations and introduces perpetual authorisation for payment system operators subject to regulatory compliance

Fintechs get boost from global AI firms as payment processing demand rises

Growing demand for AI services in India is creating a fast-expanding cross-border payments opportunity for domestic fintech companies

Fintech firm Razorpay's confidential DRHP filing likely this month

The Bengaluru-based fintech firm is expected to seek a valuation of ₹50,000-60,000 crore through an IPO that could raise ₹5,000-6,000 crore

India shouldn't look to West for agentic payment protocols: Pine Labs CEO

Pine Labs has launched an agentic payments protocol for UPI transactions, with CEO Amrish Rau calling for India-led standards in autonomous commerce

RBI asks banks to assess AI risk gaps, draw action plan by June-end

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

In an AI world, compromised security will lead to fraud: Matthew Driver

Mastercard says stronger cybersecurity, agent verification and consent frameworks will be critical as AI agents begin making purchases on behalf of consumers

RBI recognises Sahamati Foundation as SRO for account aggregator ecosystem

RBI has recognised Sahamati Foundation as the SRO for the Account Aggregator ecosystem, strengthening governance and trust in open finance

Mastercard expands value-added services push amid UPI dominance

The payments major is expanding into cybersecurity, analytics, AI and loyalty services as it seeks new growth avenues beyond its traditional payments network business

Digital NBFCs' share of personal loans grows both in value and volume terms

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply

UPI expands international presence to Cambodia through KHQR linkage

Indian travellers can use UPI apps at over 4.5 million merchant outlets in Cambodia, while Cambodian visitors will gain access to UPI-enabled payments in India in the next phase

South-East Asian markets on UPI radar as NPCI pushes global expansion

NPCI International Payments is exploring bilateral UPI linkages with Indonesia, Thailand and Malaysia to expand the global footprint of India's payments network

Coinbase plans retail launch in India comeback, to deepen crypto exposure

The focus on India as a market comes as the company continues to see high adoption even as regulations around crypto are yet to take shape

NPCI chief Asbe bats for regulatory framework for fintech AI ecosystem

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases

Profitable products in AI world possible, says Thomas Jeng of OpenAI

OpenAI says rising AI token costs are not a long-term hurdle for startups, as Indian adoption of Codex and AI workflows accelerates sharply

Maharashtra readying 2,000 GPUs for innovators: CM Devendra Fadnavis

The state plans to provide 2,000 GPUs through a compute-as-a-service facility while targeting Rs 10,000 crore in AI investments and 1.5 lakh jobs

Fintech and payments industry preparing a 'safe harbour' proposal

Payments Council of India has engaged independent consultants to draft framework to be submitted to RBI

RMG execs fear liquidation of personal assets amid steep GST demands

Executives at real money gaming firms fear retrospective GST liabilities and penalties could force liquidation of personal assets amid mounting financial stress

Supreme Court upholds 28% retrospective tax on online gaming firms

Top court also upholds states' right to ban online betting, gambling

Fintechs seek 'safe harbour' provision as regulatory waters turn choppy

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action