Page 8 - Ajinkya Kawale

Fintech firm Kiwi launches interest-backed EMI on UPI with cashback option

Fintech Kiwi introduces interest-backed EMI on UPI, offering cashback on interest across tenures, as it expands credit access and targets one million credit cards

No proposal to levy charges on UPI transactions, says RBI governor

RBI governor Sanjay Malhotra said UPI transactions will remain free, while the central bank tests an AI-driven fraud detection system to curb risks in digital payments

FACE appoints ex-RBI executive Manoranjan Mishra as independent director

Ex-RBI executive director Manoranjan Mishra has joined FACE as an independent director, bringing decades of regulatory experience to strengthen fintech self-regulation

Fintech firms eye investments in 'switching' as UPI's scale picks up

These investments in critical technology stacks enable fintechs to process transactions faster, with higher success rates, while handling large volumes with greater stability

PhonePe, Mastercard roll out tap-and-pay contactless payments in India

PhonePe and Mastercard have launched contactless tap-and-pay payments for Indian cardholders using NFC-enabled Android smartphones at merchant outlets in India and abroad

Ignosis raises $4 mn in pre-series A led by Peak XV's Surge, Razorpay

Ignosis, an AA infra and financial data intelligence firm, has raised $4 million led by Peak XV's Surge to scale teams and build AI-driven solutions for India's BFSI sector

In age of AI, time to own your data amid rising sovereignty concerns

Geopolitical tensions and a sense of control have made data sovereignty an urgent strategic issue for enterprises

Borzo eyes group-level profitability by FY26, says CEO Alina Kisina

Borzo CEO Alina Kisina said the firm aims for group-level profitability across five markets by March 2026 after turning profitable in India, its largest market, in 2024

Indian tech ecosystem gets $7.7 bn in funding, down 23% from 2024

India's tech ecosystem attracted $7.7 billion in funding in the first nine months of 2025, down from $10.1 billion in 2024 and sharply below the $29.3 billion peak in 2021

RBI mandates stronger two-factor authentication in new guidelines

RBI has mandated two-factor authentication for all digital payments from April 2026, with guidelines allowing biometrics, tokenisation and risk-based checks alongside OTPs

PhonePe files draft papers via confidential route ahead of likely IPO

Fintech startup reported 40% revenue growth and positive cash flows in FY25

Oolka raises $7 million seed funding led by Lightspeed India, Z47

AI credit management platform Oolka raises $7 million in seed funding led by Lightspeed India Partners and Z47, with plans to expand tech and product teams

Cashfree Payments integrates Apple Pay to support int'l transactions

Indian merchants using Cashfree's international payment gateway can now accept Apple Pay, reducing errors, boosting trust, and cutting drop-offs by up to 75 per cent

Gullak raises $7.5 million Series A to expand reach, strengthen brand

The fresh capital will be used to strengthen brand presence and marketing, expand reach across Tier-II and Tier-III cities, and deepen partnerships with India's largest jewellers

FACE membership grows fourfold to 275 a year after SRO recognition

The association marked its one year of recognition by the Reserve Bank of India (RBI) last month

Dream11 pivots to free-to-play, banks on ads and sponsorship revenue

Dream11 moves to a free-to-play model following a gaming ban, focusing on ads and sponsorships with 10 million daily users and partnerships with brands like Swiggy and Tata Neu

India, Brazil lead real-time A2A payments with UPI and Pix adoption

A BCG report says A2A payments exceed 50 per cent of all transactions in India and Brazil, powered by UPI and Pix, with AI agents set to further transform digital commerce

Question over H-1B fee sees techies, students scrambling for answers

For Arun Kumar (name changed), a techie from south Tamil Nadu, the past 30 hours have been a whirlwind of stress and frantic search for a flight ticket to the US

Amazon Now to expand to over 300 dark stores by 2025 with ₹2,000 cr push

Amazon India will expand its Amazon Now network to more than 300 dark stores by end-2025, investing Rs 2,000 crore in storage, processing and delivery infrastructure

RBI grants PhonePe final approval to operate as payment aggregator

Fintech major PhonePe has secured the Reserve Bank of India's final approval to act as an online payment aggregator, expanding its reach to enterprises and merchants nationwide