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PayPal to integrate UPI for cross-border payments with global partners

PayPal is partnering with NPCI International and global wallets to enable Indian users to make cross-border payments using UPI, starting with US-based merchants

AI demo firm Olto raises $5.1 mn from Nexus, The General Partnership

San Francisco-based AI startup Olto secured $5.1 mn in a pre-seed round co-led by Nexus Venture Partners and The General Partnership to automate and personalise B2B demos

Gaming firm MPL bets on AI to boost development cycles, write code faster

When it comes to changing the workflows or pushing minor features, the gaming company is encouraging its developers to outsource repetitive tasks to an AI agent or code editors

Paytm swings into black, makes ₹122.5 crore net profit in Q1 FY26

In Q2FY25, Paytm had reported a profit but it was due to the sale of its ticketing business to Zomato

Fintech self-regulator issues code of conduct for regtech companies

Members of FACE (Fintech Association for Consumer Empowerment) that provide regulatory technology products must implement the code within six months

Fintech firm PayU India to invest $120 mn by end of FY26, say senior exec

The credit business is expected to get an investment of $50-$60 million. PayU is considering another $60-$70 million infusion in payments infrastructure firm Mindgate Solutions

US legal backing for Stablecoin starts regulatory debate in India

Supporters say crypto can be used for purposes as varied as managing government subsidies and trade settlements

Pilots seek clarity over crash probe, say speculation impacting morale

Pilots and cabin crew members from across airlines said they hoped for more transparency and representation in AAIB, which they believed would help prevent the stress caused by widespread speculation

Nazara's stake in Nodwin to drop below 50% after internal fundraise

Nazara Technologies will cease to hold a majority stake in Nodwin Gaming after opting out of the latter's internal fundraise, but remains its largest shareholder

EximPe secures in-principle nod for cross-border payment aggregator licence

EximPe gains RBI's in-principle approval for a cross-border payment aggregator licence, plans to expand 10x by FY26 and enhance services for SMEs and B2B trade in Asia

PhonePe retained top UPI spot with 46% market share in June, shows data

PhonePe maintains its leadership on the UPI leaderboard, capturing a 46.46% market share in June, processing over 8.54 billion transactions, according to NPCI data

Fintech firm Cashfree Payments plans to add 100 lenders for VKYC by FY26

Cashfree Payments aims to scale its AI-based Video KYC solution to 100 lenders by FY26, targeting RBI-regulated entities to improve conversion rates and reduce wait times

ED cracks down on opinion trading platform Probo, freezes ₹284.5 crore

The Enforcement Directorate (ED) freezes ₹284.5 crore worth of assets in its crackdown on Probo, an opinion trading platform. The company assures co-operation with ongoing law enforcement inquiries

Gaming firms craft new strategies to cash in on gameplay, scale reach

At the heart of the monetisation game, companies are betting on two pillars: In-app purchases and revenue from advertising

No betting on chance in Karnataka govt's real-money gaming playbook

According to the draft, the use of real money, tokens, virtual currency, or electronic funds for online betting or wagering is also prohibited

Smart devices to be next bastion for UPI with IoT-ready payment system

NPCI builds Internet of Things rails as UPI targets 10x growth

Funding to fintech companies marginally dips to $889 million in H1CY25

Fintechs in India raised $889.2 mn in H1CY25, down 5.3% YoY and 25.9% from H2CY24, as deal count dropped significantly and late-stage rounds led capital inflow

Gamezop expands to Bahrain, targets $6 million additional revenue

The Indian parent plans to invest $4 million to ramp up operations, hire local talent, and explore inorganic growth opportunities, including acquisitions

MobiKwik's subsidiary receives Sebi approval to act as stock broker

MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.

Real money gaming sector seeks unified regulatory playbook amid scrutiny

Currently, states such as Tamil Nadu, Karnataka, Chhattisgarh, and Maharashtra are at varying stages of enforcing their own rules for the industry