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Paytm's Singapore unit to sell stake in Japan's PayPay for Rs 2,364 crore

The transaction is expected to close this month subject to approvals. The sale is expected to strengthen the parent company's cash reserves

MobiKwik cuts issue size for third time, sets price band at Rs 265-279

In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23

Paytm's wholly-owned Singapore unit approves stake sale in PayPay

The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges

BharatPe launches 'Shield' to protect users from digital transaction frauds

BharatPe Shield covers risks such as computer fraud, phishg attacks, and unauthorised transactions caused by phone loss

Bitcoin at $100,000: Milestone likely to boost Indian investors' rush

At present, industry estimates suggest that India has around 40 million active crypto investors

NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies

Company was valued at Rs 3,441 cr in Nov; has IP rights for events in esports, gaming, music

Fintech major PhonePe eyes replicating UPI success via diversification

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

RBI enhances UPI Lite wallet limits, updates offline payments framework

Earlier, the per-transaction limit and wallet limit for transactions made through Unified Payments Interface (UPI) Lite were set at Rs 500 and Rs 2,000, respectively

RuPay credit card UPI transactions double in first seven months of FY25

The National Payments Corporation of India, which runs the real-time payments system Unified Payments Interface (UPI), launched the RuPay credit card programme in 2017

PhonePe discontinues its partnership with payment aggregator Juspay

The move will allow the Walmart-backed fintech firm to offer an integrated payment flow-from transaction origination to final settlement-to the merchants it services

PhonePe aims to replicate UPI success across expanding financial services

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

Ram Janmabhoomi stir picked up after Shah Bano case, says Najeeb Jung

"Knee-jerk reactions of that government brought cascading communalism in this country. Ram Janmabhoomi was a 100-year-old movement, but it gained momentum after the Shah Bano case," he said

B2B supply chain financing platform Mintifi raises $80 million from Prosus

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

Regulation-first approach to drive success for fintechs: Paytm founder, CEO

He added that it is the responsibility of entities in the financial services domain to ensure the safety of users through measures involving customer education

Nasscom, DIFC sign MoU to foster cross-border technology partnerships

As part of the MoU, the industry bodies will exchange sectoral insights and development strategies with each other

A year after RBI notified PA-CB norms, only four entities receive licence

PAs-CB are entities that enable cross-border payment transactions for import and export

FACE's ambitious goal: Uniting 75% of fintech players in three years

One of the major focus areas for the SRO-FT includes improving communication among members regarding compliance and regulation

Indians see wallets drain by Rs 485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

Unauthorised fintechs, compliance changes pose major risks for sector

Organisations assess other challenges, such as talent, transparency, and grievance redressal, as negligible risks in their operations

Indian tech eyes $25 billion goldmine in embedded finance: Report

Large user bases make platforms ideal for integrating the financial services. The industry lending category is the one with highest relevance for integrating financial services