Ajinkya Kawale
 "Ajinkya Kawale")
Ajinkya Kawale
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
Ajinkya Kawale works as a correspondent for Business Standard, specialising in the emerging fintech industry in India. In addition to his assigned beats, he has had the opportunity to cover agrarian distress in Maharashtra and political developments during the Lok Sabha election season. He holds a postgraduate degree in multimedia journalism from Christ University in Bengaluru. He is passionate about India's infotainment space on YouTube and other OTT platforms. His favourite sections in a library are non-fiction and biographies.
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MobiKwik posts Rs 3.59 crore loss in Q2FY25, total income grows 42%
The Gurugram-based company's total income rose 42 per cent year-on-year (Y-o-Y) to Rs 293.66 crore in Q2FY25 from Rs 206.83 crore in Q2FY24
 "MobiKwik posts Rs 3.59 crore loss in Q2FY25, total income grows 42%")
More than 4 out of 10 users earn dividends, says Cred Money report
At a median level, users earn dividends about ten times annually. Banking activity includes 116 P2P banking transactions against 318 outgoing payments, Cred Money data shows
 "More than 4 out of 10 users earn dividends, says Cred Money report")
CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid
At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform
 "CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid")
India ranked second in attacks by threat actors in 2024, shows data
Globally, manufacturing, construction and real estate, healthcare, tech and telecom, and financial services were the top affected sectors
 "India ranked second in attacks by threat actors in 2024, shows data")
BharatPe parent to sell up to 25% stake in Unity SFB for $800 million
The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources
 "BharatPe parent to sell up to 25% stake in Unity SFB for $800 million")
BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn
According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per cent within eight years from the bank's operations
 "BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn")
Turning tide: Fintech firm Paytm's Ebitda likely to break even this quarter
Brokerages expect improved contribution of financial services into revenue pie
 "Turning tide: Fintech firm Paytm's Ebitda likely to break even this quarter")
UPI moment for B2B payments: Bharat Connect likely to go live by March
The NPCI subsidiary, which will follow the model similar to TPAPs, is conducting pilots with eight companies
 "UPI moment for B2B payments: Bharat Connect likely to go live by March")
Credit-on-UPI fintech Kiwi rooted in upheavals in economy, co-founder says
Demonetisation and the pandemic drove India's digital transformation in financial services. Companies built unique use cases around UPI
 "Credit-on-UPI fintech Kiwi rooted in upheavals in economy, co-founder says")
NPCI extends market cap deadline for UPI apps by two years to end of 2026
Apex payments body also relaxes user onboarding limits for WhatsApp Pay, enabling messaging firm to onboard all of its India users
 "NPCI extends market cap deadline for UPI apps by two years to end of 2026")
TCS, Infosys, Wipro on edge as H-1B changes loom with Trump's return
This may have an impact on India's $250 billion tech sector which plays an important role in the economy, employing about 5.4 million people
 "TCS, Infosys, Wipro on edge as H-1B changes loom with Trump's return")
Crypto assets can negatively impact financial stability, says RBI report
The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy
 "Crypto assets can negatively impact financial stability, says RBI report")
RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1
This facility will allow users to view and verify the name of the beneficiary before initiating a transaction, similar to the existing feature on India's real-time payment systems
 "RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1")
Mswipe's payment business turns profitable, FY24 revenues grow 6%
In FY24, payments revenue grows 6.25% to Rs 275 crore; total payment value more than doubles to Rs 50,417 crore
 "Mswipe's payment business turns profitable, FY24 revenues grow 6%")
Navi Mumbai airport set to begin commercial ops in May 2025: AAHL
The airport, which is currently under construction, will start international operations by July next year, said Arun Bansal, chief executive officer (CEO), AAHL
 "Navi Mumbai airport set to begin commercial ops in May 2025: AAHL")
RBI allows interoperability between PPIs like wallets for UPI payments
Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds
 "RBI allows interoperability between PPIs like wallets for UPI payments")
Small ticket transactions drag avg retail payments value by 48% in 3 years
The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)
 "Small ticket transactions drag avg retail payments value by 48% in 3 years")
Crypto wrap 2024: Bitcoin, altcoins remain popular among Indian investors
The recent Bitcoin rally in December saw the cryptocurrency surge past the $100,000 mark, drawing Indian investors to homegrown crypto exchanges
 "Crypto wrap 2024: Bitcoin, altcoins remain popular among Indian investors")
PPI wallets register 20% drop to 1.14 bn in November, says RBI data
But prepaid payment instrument cards grow on a smaller base
 "PPI wallets register 20% drop to 1.14 bn in November, says RBI data")
Indian businesses turn to data analytics, ML to fight fraudulent practices
A recent report from PwC found that Indian businesses report a much higher incident of financial crimes than their global peers
 "Indian businesses turn to data analytics, ML to fight fraudulent practices")
