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Fintech firm Cashfree Payments raises $53 mn in fresh funding round

The company claims to process transactions worth $80 billion annually. It has a base of 8,00,000 merchants, including internet startups and enterprises

Paytm, its CEO fined with GST penalty over alleged non-compliance

The Noida-based company said it was evaluating its options, including an appeal against the order issued by the Joint Commissioner, CGST Delhi North

Infibeam Avenues Q3 FY25 results: Net profit up 42.6% at Rs 62.4 cr

Partnerships with banks, fintech firms and regulators 'paves way for hyper‐growth', says digital payments company

MobiKwik's Q3 FY25 loss widens to Rs 55.2 cr as expenses increase

Fintech firm to discontinue small-ticket lending product and focus on long-tenure products

Paytm Cloud to acquire 25% stake in Brazil's Seven Technology for $1 mn

Following the completion of the transaction, Seven Technology and Dinnie will become associate entities of One97 Communications (OCL), the parent company of Paytm

Reduced FY26 outlay for P2M promotion concerns industry, say experts

Incentives to promote such digital payments slashed for 2nd year straight

Budget muted on UPI, RuPay debit card incentives; sops down by 78%

The Budget earmarked Rs 437 crore to promote such transactions in financial year 2026 (FY26), compared to Rs 2,000 crore allocated the year before

Budget 2025: Shot in the arm for startups with Rs 10K cr new fund of Funds

The FM said that the initial FoF announced by the government with an investment of Rs 10,000 crore managed to catalyse commitments worth Rs 91,000 crore

Good or bad: DeepSeek's ripple effect set to impact Indian IT industry

While DeepSeek's achievement democratises AI with its open-source model, these are early days to gauge its impact on the enterprise IT ecosystem, say industry experts

Fintech firm Ambak raises $7 million in seed and pre-series A round

The company plans to expand its operations across 35 cities and aims to cater to over 1 lakh customers in the financial year 2025-26 (FY26)

MobiKwik, Cred first non-banks to offer CBDC, launches e-rupee wallet

The wallets support transactions up to Rs 10,000 per transfer with a daily limit of Rs 50,000

Reserve Bank of India tightens vigil on P2P lending after revising rules

Seeks qualitative details about lenders' operations

UPI's share in total digital payments in India grows to 83% in 2024

In 2024 alone, India recorded 208.5 billion digital payment transactions

New gaming titles to dominate growth for India's gaming sector: Survey

Seven out of 10 industry stakeholders and company leaders believe that local themes, languages, and culturally resonant content may determine the success of Indian games in 2025

Slice to rebrand as Slice Small Finance Bank after North East SFB merger

The merged entity has received a no-objection certificate from the Reserve Bank of India (RBI) for the rebranding exercise

CBDC could be used for collection of micro-loans, says RBI official

India is among 36 countries where the CBDC is currently in the pilot stage

Singapore High Court allows WazirX parent to hold creditors' meet

The crypto exchange said it will notify creditors with details of this process

UPI-enabled credit cards see 20% monthly growth, users avg 40 transactions

This growth aligns with a broader trend in transactions processed through UPI on RuPay credit cards

Fintech Skydo receives in-principle approval to operate as PA-CB entity

About 11 existing cross-border payment companies can operate as PA-CB with their applications under process, according to the RBI website

'Need to question PAs' intention of moving away from third-party routers'

Bengaluru-based Juspay, which has close to 500 large and enterprise merchants, expects a 'vast majority' of its merchants to stay with the firm without severing ties