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Cryptocurrency exchange WazirX completes asset restructuring on platform

The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme

PhonePe clocks record 8.1 bn UPI transactions in January, shows NPCI data

PhonePe continued to dominate the UPI ecosystem, commanding a 47.67 per cent market share, with Google Pay and Paytm holding 36.38 per cent and 6.78 per cent, respectively

RBI to introduce exclusive internet domains for banks and non-banks

RBI proposes additional factor authentication (AFA) for online international 'card-not-present' transactions

SaaS unicorn Perfios acquires financial crime management company Clari5

The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets

Infibeam Avenues' subsidiary receives approval to offer UPI payments

Axis Bank will act as the payment service provider (PSP) bank for RediffPay

PhonePe to wind down account aggregator business, surrender NBFC-AA licence

Account aggregators are non-banking financial companies (NBFCs) that deliver a user's financial data from financial information providers (FIPs) to financial information users (FIUs)

RBI proposes security step for international card not present transactions

AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions

PlaySuper raises $500,000 in seed funding led by IAN Angel Fund, 100X.VC

PlaySuper will launch a hyper-personalised in-game store allowing integration without requiring updates

NPCI chief advocates for stronger legal systems to deter cyber frauds

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

Budget 2025 slashes digital payments incentives: Is MDR on its way out?

With the Budgetary outlay for UPI transactions cut by 78 per cent, industry insiders wonder if transaction fees are likely to be introduced

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)