Page 4 - Ajinkya Kawale

BharatPe founder Nakrani steps back from operations, to advisory role

BharatPe founder Shashvat Nakrani will step back from day-to-day operations from May 1, transitioning to a strategic advisor role while retaining board position

Cashfree Payments appoints Sameer Gandhi as CFO to strengthen operations

Sameer Gandhi will oversee financial strategy, operations and revenue planning at Cashfree Payments as the fintech firm sharpens focus on growth and profitability

Bankers see merit in RBI's one-hour e-payment lag despite cost concerns

Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000

RBI's lagged credit proposal may raise costs, need switch changes

RBI's proposal for lagged credits in digital payments could require switch-level changes, raising costs for UPI ecosystem and banks, industry sources say

RBI paper suggests 1-hour lag for digital payments over ₹10k to curb frauds

RBI proposes a one-hour delay for digital payments above Rs 10,000, alongside safeguards like trusted authentication and account monitoring, as fraud cases surge sharply

10 years of UPI: Many records, but limited incentives restrict growth

A decade after launch, UPI dominates digital payments but slowing growth and lack of MDR incentives raise questions over its next phase

RBI proposes 1-hour delay for digital payments above ₹10,000 to curb fraud

Central bank suggests transaction delays, trusted-person authentication and stricter account controls as digital payment frauds surge in volume and value

Axis Bank joins interoperable netbanking platform Banking Connect

Move enables faster checkout and seamless netbanking experience for 37 million customers while strengthening interoperability across banks and payment aggregators

Air India CEO Campbell Wilson resigns, board forms panel to find successor

Campbell Wilson to stay on until successor is named as Air India navigates losses, fleet expansion, and restructuring amid heightened scrutiny following last year's crash

West Asia conflict: How ongoing war casts a shadow on Pune's shop floors

The West Asia conflict exposes fragile supply chains, rattling labour, fuel access, and MSME stability across Maharashtra

Cred revamps Kuvera app to deepen wealth-tech play, targets investors

Fintech firm upgrades Kuvera with new tools to improve investment discipline and performance, targeting affluent users with long-term portfolio management features

UPI QRs grow 15% in 2025 as merchant adoption expands: Worldline report

Growth in QR codes and transaction volumes underscores rising merchant adoption and expanding digital payments ecosystem across India

Borrowers may soon tap formal credit via ULI app across lending segments

RBI Innovation Hub is building a ULI app to bring digital lending to smartphones, offering borrowers multiple loan options on a single platform

Rediff files confidential IPO papers eyeing up to Rs 800 cr fundraise

Rediff has filed confidential IPO papers to raise up to ₹800 crore, aiming to expand its enterprise and financial services platforms under AvenuesAI

Lentra appoints former TransUnion CIBIL chief Rajesh Rathanchand as CEO

Lentra names former TransUnion CIBIL chief Rajesh Rathanchand as CEO to drive growth and strengthen credit risk and analytics capabilities

G+D to scale passkey authentication push in India over next two years

German firm Giesecke+Devrient plans to scale passkey-based biometric authentication in India, partnering with banks and card networks to boost trust and improve transaction success rates

Razorpay rolls out biometric authentication to boost payment success rates

Company partners Mastercard, with Visa integration underway, to replace OTPs with biometrics, aiming to improve security and boost transaction success rates

Fintech Bachatt raises $12 million in Series A round led by Accel

Startup plans to scale its savings platform and build AI-led wealth and credit solutions targeting India's 300 million merchants and self-employed segment

Nazara Technologies to raise ₹500 crore via preferential warrants

Gaming firm plans Rs 500 crore fundraise via preferential warrants to back acquisitions such as Bluetile and BestPlay and accelerate growth across business verticals

Indian women ready for AI-focused roles, say it is helping careers

95% of women in tech are ready to shift to AI roles, with many seeing it as a pathway to leadership despite gaps in representation and real-world opportunities