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Top 3 players processed 93% of all transactions on UPI in July: NPCI

PhonePe and Google Pay, the two largest players, process about 85 percent of UPI volumes in the country

NPCI incorporates NPCI BHIM Services Ltd as a wholly-owned subsidiary

Former banker Lalitha Nataraj will head the new subsidiary as its chief executive officer (CEO). Nataraj has previously worked with IDFC FIRST Bank and ICICI Bank

PayU-backed Vayana raises $20.5 million in Series D funding round

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Cross-border payments fintech Skydo raises $5 mn from Elevation Capital

The firm had previously raised $5.2 million in a seed round led by Elevation Capital in 2022

B2B healthcare startup HealthCRED raises $1.2 million in seed funding

The firm will utilise the raised capital to expand operations in the southern and western parts of the country

Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital

The capital raised will be used to expand the company's wealth management division and support its asset management business

NPCI to level up UPI play with BHIM spin-off; appoints Nataraj CEO of arm

Lalitha Nataraj previously worked with IDFC FIRST Bank and ICICI Bank

Cross-border UPI payments in Nepal cross 100,000 within six months

Under the arrangement, Indian users in Nepal can make instant UPI payments across stores in Nepal using UPI-enabled applications

Fintech solutions can positively impact income, savings: CEA Nageswaran

Says fintech industry should be aware of the challenges that fintechs may pose to society

New UPI feature to allow multiple users to use one account for transactions

RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction

RBI to set up public repository of digital lending apps to help customers

It will help people find out of a digital lender has a relationship with a bank or NBFC

With GFF coming up, focus on bridging gap between regulators, fintechs

The three-day event comes at a time when the fintech sector, spanning areas such as digital payments, lending, insurance, and wealth, continues to expand in the country

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses

WazirX fallout: On crypto bourses table, a reparation fund for clients

Traditional insurance products for crypto difficult ask: Experts

Fintech Infibeam Avenues to acquire controlling stake in Rediff.com

Infibeam plans to combine its digital payment services, platform business offerings, and artificial intelligence solutions with Rediff.com's services

Blacksoil disburses over Rs 220 crore in Q1 FY25, AUM increases 40%

The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25

Draft framework: RBI for more options to authenticate digital payments

The first factor of authentication and the AFA would have to be from different categories, the RBI has stated

RBI releases draft rules on AePS to counter frauds on payments system

Banks and the National Payments Corporation of India (NPCI) are required to comply with these directions within three months from the date of issue of the guidelines

RBI issues final directions on cybersecurity controls for non-bank PSOs

RBI has given different timelines to these entities, depending on their size, to set up compliance structures