Page 9 - Ajinkya Kawale

Fintech firm MobiKwik freezes 2,000 merchant accounts after ₹40 cr loss

MobiKwik froze 2,000 merchant accounts after a technical error caused unauthorised settlements worth Rs 40 crore, with Rs 14 crore recovered and FIRs filed in Haryana

Gameskraft lays off 120 staff after real money gaming ban in India

Gameskraft has laid off 120 employees as the online gaming ban shutters its core real-money business, extending health cover till March 2026 and pledging re-hiring priority

Adani group airports planning to test pre-booked security check slots

If implemented in India, the service will let passengers book security screening slots in advance, helping cut down wait times in long queues

E-com firms focus on cybersecurity ahead of high-volume festive season

As the e-commerce ecosystem gears up for robusts festival sales companies are increasingly turning up their cybersecurity measures to prevent fraud that typically spikes around this time

AI startup Sentient launches open AGI network for 2 million users

Nailwal calls this launch "a pivotal moment where India proves it can define the AI future - not just follow it"

Fintech firm Razorpay integrates Apple Pay to support foreign transactions

Razorpay has integrated Apple Pay for cross-border transactions, enabling Indian merchants to tap global users with faster checkout and higher conversion rates

A metal-petal: How Navi Mumbai airport mimics a lotus, carries a legacy

Rising from reclaimed wetlands, Navi Mumbai airport mirrors city's design legacy

SuperGaming's MaskGun crosses 100 mn downloads, raises $15 mn funding

Pune-based SuperGaming's first-person shooter MaskGun has crossed 100 million downloads worldwide as the studio secures $15 million in Series B funding backed by global investors

Krafton India to launch third edition of gaming incubator KIGI on Sept 20

Krafton India will open registrations for the third edition of its gaming incubator programme, KIGI, on September 20 to support local studios with funding, mentorship, and resources

Fintechs offer secured lending with instant loans against mutual funds

Fintechs including PhonePe, Paytm, BharatPe, and Cred roll out loans against mutual funds, offering instant, fully digital secured credit at lower capital costs for investors

Paytm's comeback trail looks open, but regulatory concerns remain

This approval marked the end of a two-year wait, during which PPSL was barred from onboarding new merchants

RBI fines PhonePe ₹21 lakh for non-compliance with PPI regulations

RBI penalises PhonePe Rs 21 lakh for failing to report escrow shortfalls under PPI norms, marking its third penalty since 2019 over compliance issues

Four banks may log in to NBBL's 'interoperable netbanking' in October

Reserve Bank of India (RBI) Governor Sanjay Malhotra is expected to launch the new netbanking switch at the Global Fintech Fest 2025, scheduled for October 7-9.

Dream11, Gameskraft, MPL among RMG firms losing unicorn status after ban

At least four RMG firms including Dream11, Games24x7, Gameskraft and MPL lost unicorn status after the gaming ban, while fintech players led the 11 new unicorns added in 2025

Zupee to lay off 170 employees after ban on money-based online games

Gurugram-based company latest to trim team, says it will focus on social games and entertainment products

UK PM Starmer to attend Global Fintech Fest 2025 alongside PM Modi

UK Prime Minister Keir Starmer will join PM Modi at Global Fintech Fest 2025, the first foreign head of state to do so, with AI, licensing and stablecoins set to dominate discussions

Zupee launches Studio short video platform after RMG ban in India

Zupee has launched Zupee Studio, a short video content platform with 1-3 min episodes, weeks after India banned all forms of real money gaming nationwide

UPI gaming spends fall 23% in August after ban on real money games

UPI gaming spends fell sharply in August with volumes down 23% and value down 26% after the Online Gaming Act banned real money games such as rummy, poker and fantasy sports

Nazara to publish Bodycam on Fortnite, its first launch on platform

Nazara Technologies will bring Bodycam to Fortnite as an island using UEFN with tactical gameplay, multiplayer modes and high-fidelity visuals for global audiences

UPI autopay revocations hit 20 mn per month on low customer balance

UPI AutoPay enables users to generate a recurring e-mandate using any UPI payments application. It allows users to set timely mandates to pay using UPI on a periodic basis