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Payments firm Juspay raises $60 mn days after open-sourcing routing layer

The Bengaluru-based company, which operates as a technology service provider (TSP), plans to strengthen its artificial intelligence capabilities

The UPI of 2016 and today are completely different: NPCI MD & CEO Asbe

The primary focus remains on growing UPI, which has 10X growth potential. Currently, 400 to 450 million users use it monthly, it has the potential to grow to over 1 billion, said Dilip Asbe, MD, NPCI

Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation

The India Fintech Foundation (IFF) has 100 members at present

Credit card fintech Scapia raises $40 million in Series B funding round

The company plans to enhance its product offerings, strengthen its team, and accelerate its growth plans

Razorpay POS sees surge in offline payments across merchant network

The company recorded growth across categories such as apparel, bookstores, cafes and restaurants, and jewellery, among others, between April 2024 and March 2025

Afcons Infrastructure - Raghavpur Multipurpose Project in Madhya Pradesh gets environmental clearance

Recent decline in headcount not due to AI use: SBI Deputy MD Nitin Chugh

The nature of jobs will undergo a transformation going forward, Chugh said

Small transactions drive 7.8% drop in UPI payments' average ticket size

The ticket size for peer-to-peer UPI payments was recorded at Rs 2,666 in H2 2024

NPCI appoints industry veteran Rajola as executive director of growth

Rajola will be responsible for driving the adoption of NPCI's payment solutions

UPI outage hits transactions as year-end rush strains bank servers

A surge in UPI transactions and year-end bank closures led to a system outage, causing transaction failures, which the NPCI attributed to high volumes and financial year-end settlements at banks

100% FDI in insurance a step forward, but safeguards unclear: USTR report

These safeguards include requirements such as a majority of board members being resident Indians and higher solvency requirements for foreign-invested insurers domiciled outside India

UPI outage due to financial year-end transaction rush at banks, says NPCI

Transactions volumes declined 7 per cent on March 26 after the UPI network had reported an outage

NPCI attributes fin year-end processing load for UPI transaction failures

In March, the UPI network recorded more than 591 million average daily transactions

Payment aggregators push back against Juspay Tech's orchestration

Delays, token access hurdles spark industry opposition; open-source move under scrutiny

Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore

Company's decision to acquire a controlling stake follows its initial investment of Rs 40.5 cr in Nautilus in 2022. The Pune-based game studio has developed the cricket gaming franchise Real Cricket

Tata Neu HDFC Bank cobranded card surpasses 2 million issuances

Grocery, fuel and utilities are among the top spend categories for the credit card

MobiKwik to enter stock broking business, incorporates new subsidiary

The company plans to become a member of various stock and commodity exchanges in the country and abroad

UPI faces outage, NPCI reports intermittent technical issues with network

Third-party apps said that they raised the issue with NPCI after the initial outages were reported on their app

MDR demand gains momentum as industry bodies rally behind proposal

MDR refers to a fee that merchants pay banks or companies (fintech) processing payments for executing a transaction

RBI, NPCI approve Rs 2 hike in ATM interchange fee from May 1, 2025

The revised interchange is not applicable for micro-ATM, interoperable cash deposit (card-based and UPI-based), and international ATM transactions