Ajinkya Kawale
 "Ajinkya Kawale")
Ajinkya Kawale
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
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WazirX to resume ops from Oct 24, over a year after $230 mn crypto breach
WazirX restarts operations more than a year after a $230 million breach, enabling tokens in phases from 24 October and offering zero trading fees for 30 days
 "WazirX to resume ops from Oct 24, over a year after $230 mn crypto breach")
RMG ban a wake-up call for the industry to rethink what is game building
As India bans real-money gaming, investors and studios turn to building creative and community-driven games, signalling a shift from gambling-style apps to genuine game development
 "RMG ban a wake-up call for the industry to rethink what is game building")
Lenders tap alternative data as next frontier in credit fraud fight
Fintechs, credit platforms analyse digital footprint, metadata, behaviour to detect fraud and underwrite new-to-credit users
 "Lenders tap alternative data as next frontier in credit fraud fight")
Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions
Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country
 "Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions")
Razorpay reports ₹1,209 crore loss in FY25 despite 65% revenue jump
Fintech major Razorpay's FY25 revenue surged 65% to Rs 3,783 crore, but high tax and restructuring costs from its reverse flipping to India pushed it into a Rs 1,209-crore loss
 "Razorpay reports ₹1,209 crore loss in FY25 despite 65% revenue jump")
Airtel, IBM team up to offer enterprise-grade AI and hybrid cloud solutions
The partnership will allow Airtel Cloud customers to access IBM's AI and hybrid cloud offerings, targeting enterprises and regulated industries
 "Airtel, IBM team up to offer enterprise-grade AI and hybrid cloud solutions")
US crypto base Coinbase invests in CoinDCX at $2.45 billion valuation
CoinDCX plans to expand in India and the Middle East using the fresh capital from Coinbase, which marks renewed global interest in Indian crypto startups.
 "US crypto base Coinbase invests in CoinDCX at $2.45 billion valuation")
Paytm brings entities under direct ownership to simplify structure
The move consolidates Paytm's offline and online merchant payments and brings insurance and lending arms under One97 Communications' direct control
 "Paytm brings entities under direct ownership to simplify structure")
Beyond KYC: Lenders turn to 'alternative' data to assess risk, detect fraud
Risk assessment firms are using data available publicly or obtained through user consent but is not available through credit bureaus to detect mule accounts, syndicates, and risky borrowers
Growth rate of digital loans moderates in Q1FY26, says FACE report
The share of digital loans by value has grown from 12 per cent in FY23 to 20 per cent in Q1FY26. The volume share, however, has risen from 67 per cent in FY23 to 80 per cent in Q1FY26
 "Growth rate of digital loans moderates in Q1FY26, says FACE report")
NTT Data partners with NPCI to enable UPI payments for Indians in Japan
The partnership marks UPI's first entry into an East Asian market and aims to make digital transactions easier for Indian tourists while boosting Japan's cashless economy
 "NTT Data partners with NPCI to enable UPI payments for Indians in Japan")
Singapore High Court gives approval to WazirX's scheme of arrangement
This comes weeks after the majority of the platform's creditors approved its revised scheme of arrangement, paving the way for the redistribution of virtual digital assets (VDAs) on the platform
 "Singapore High Court gives approval to WazirX's scheme of arrangement")
We continue to invest heavily in India GPS business, says Winnie Chen
Winnie Chen says real-time domestic payments are shaping expectations for faster, seamless cross-border transfers and stablecoin adoption
 "We continue to invest heavily in India GPS business, says Winnie Chen")
Zero MDR on UPI challenging sustainability of system: CareEdge Research
The report said that UPI is well positioned to consolidate its role as the backbone of India's payments landscape on the back of interoperability and a conducive regulatory environment
 "Zero MDR on UPI challenging sustainability of system: CareEdge Research")
Fintech firm Dezerv raises ₹350 crore to expand wealth tech platform
Fintech platform Dezerv's total funding now stands at ₹850 crore as it plans to expand across asset classes and hire top talent to enhance investor experience
 "Fintech firm Dezerv raises ₹350 crore to expand wealth tech platform")
1 year to 1 month: RBI relaxes rules but keeps checks for fintech expansion
Payment aggregators can add new lines with 30-day notification while staying audit-compliant
 "1 year to 1 month: RBI relaxes rules but keeps checks for fintech expansion")
India-UK bilateral trade to double by 2030, says PM Narendra Modi
Modi said that the India-UK free trade pact is expected to strengthen micro, small and medium enterprises (MSMEs) in India, thereby creating opportunities for youth employment
 "India-UK bilateral trade to double by 2030, says PM Narendra Modi")
India's digital stack a ray of hope for Global South: PM Narendra Modi
Modi said that the UK-India Fintech Corridor is expected to create opportunities for piloting and developing new startups
 "India's digital stack a ray of hope for Global South: PM Narendra Modi")
RBI launches four UPI initiatives at Global Fintech Festival 2025
New fintech features at Global Fintech Fest 2025 enhance UPI payments, bank interoperability, and seamless credit usage
 "RBI launches four UPI initiatives at Global Fintech Festival 2025")
Nandan Nilekani says Finternet to go live in 2026 using AI, tokenisation
Infosys co-founder says India's next digital public infrastructure will unify tokenised assets such as land, property, and bonds under a regulatory framework
 "Nandan Nilekani says Finternet to go live in 2026 using AI, tokenisation")
