Fintech

Fintech firm MobiKwik to double down on payment devices business

MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities

BharatPe appoints Himanshu Verma to lead POS biz, scale offline payments

BharatPe appoints Himanshu Verma as head of POS business to drive merchant adoption, strengthen distribution and scale its offline payments business

MobiKwik appoints chief risk officer to oversee comprehensive fraud risks

MobiKwik appoints Anis Pathan as chief risk officer to strengthen enterprise risk management, fraud prevention and compliance across payments, lending and broking businesses

BharatPe appoints Himanshu Verma as head of its POS business unit

Fintech firm BharatPe on Thursday announced the appointment of Himanshu Verma as Head of its POS Business, effective immediately. He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem. Verma brings over twenty years of experience across channel sales and distribution, go-to-market strategy, UPI payments, POS/EDC acquisitions, merchant acquisition, and the broader digital payments ecosystem. He has held key leadership roles at Pine Labs, Freecharge, Indepay Networks, Bharti Airtel, Samsung India, Uninor, and Vodafone. In his most recent role at Pine Labs, Himanshu served as Senior Director and National Business Head -- Soundbox (Mini), where he led the incubation, launch, and scale of the business. Verma will report to BharatPe CEO Nalin Negi. "His deep experience in scaling large payment businesses and driving disciplined execution will be key as we continue to strengthen our POS portfolio and expand our merch

Former SBI executive Nitin Chugh appointed CEO of Perfios Group

Perfios appoints former SBI executive Nitin Chugh as group CEO to lead its expanding techfin, risktech and digital platforms amid rapid growth and acquisitions

IPO still a few quarters away: Razorpay's Cofounder and MD Shashank Kumar

Razorpay's MD and Co-Founder Shashank Kumar on why AI agents will do more for India's small merchants than traditional search, the company's IPO plans, and why the conflict in West Asia makes it hard

Digital lending boom raises risks if credit poorly underwritten: RBI DG

RBI Deputy Governor Swaminathan J cautions that while digital lending and platform-based models expand financial access, weak credit underwriting could deepen borrower distress

Jack Dorsey's Block to slash 4,000 jobs as it makes big bets on AI

The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews

Xflow raises $16.6 mn in Series A at $85 million valuation led by GC

General Catalyst leads Xflow's $16.6 mn Series A at an $85 mn valuation, as the fintech backed by Stripe and PayPal Ventures plans expansion after a breakout year

Peak XV Partners leads $25 million pre-Series-C round in Stable Money

The Pre-Series C round saw the participation of investors like Z47, RTP Global, and Fundamentum Partnership

Payments industry adopts AI-led interfaces, LLMs to reshape transactions

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

RBI allows NBFCs to factor DLG in determining provisions under ECL

RBI allows NBFCs to factor in default loss guarantees from lending apps while computing ECL provisions, tightening uniformity without diluting prudential safeguards

PB Fintech shares jump over 9% after company cancels board meet for QIP

PB Fintech's stock rallied sharply after it scrapped a board meeting to consider a QIP, easing worries over fresh dilution and capital allocation amid plans for overseas and healthcare expansion

PB Fintech Q3 FY26 results: Net profit increases 165% to ₹189 crore

PB Fintech's Q3 FY26 profit jumps 165% to ₹189 crore on strong insurance premium growth; board to consider QIP fundraise on Feb 5

Easy Home Finance raises $30 million in Series C led by Investcorp

Mortgage-technology lender plans pan-India expansion as investors double down on India's housing finance growth

Uttar Pradesh govt sets aside 425 acres for fintech, apparel parks

Uttar Pradesh has earmarked 425 acres near Noida airport for fintech and apparel parks, aiming to boost exports, jobs and its push to become an industrial hub

ToneTag bets sound waves will power next generation of digital payments

Bengaluru-based ToneTag processes over $3 billion a month using sound wave technology, enabling secure, cardless payments in India and emerging markets while expanding globally

A fresh transaction: Visa readies India swipe of debit-cum-credit card

Visa plans to bring its dual debit-credit card to India, letting users switch funding sources via a single 16-digit credential, after strong success in Japan

Cashfree Payments rolls out ESOP buyback programme a year after fundraise

Fintech firm Cashfree Payments has announced an ESOP buyback plan covering over 400 current and former employees, offering liquidity as the company completes a decade of operations

Credgenics forays into consumer segment with FixMyScore.ai platform

Credgenics has entered the consumer segment with the launch of FixMyScore.ai, targeting credit score improvement and repayment solutions for retail borrowers