Cashfree Payments aims to scale its AI-based Video KYC solution to 100 lenders by FY26, targeting RBI-regulated entities to improve conversion rates and reduce wait times
DFS Secretary M Nagaraju on Monday urged fintechs to focus on driving offline payment solutions to enhance financial inclusions. "I would like to request fintechs to focus their attention on payment solutions for offline payment," Nagaraju said at the CII Summit on Financial Inclusion and FinTech. He highlighted that financial inclusion is increasingly recognised as a major factor in economic growth and poverty alleviation on a global scale. He pointed out that seven of the 17 United Nations Sustainable Development Goals (UN SDGs) are directly connected to financial inclusion. This suggests the importance of improving access to financial services for the unbanked and under-served populations, he said. To illustrate progress made in India, he recalled data from before 2014, when only about 35 per cent of adults in India had access to a bank account, as estimated by the Global Findex Database. In response to this situation, the Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in
Bengaluru-led funding activity in India with overall startups raising $889 million, down 26% from H2 2024, shows Tracxn fintech report
Indian fintech sector raised USD 889 million in the first six months of 2025, a drop of 26 per cent from USD 1.2 billion of H2 2024 and a five per cent slide from USD 936 million seen a year ago, according to a report by market intelligence platform Tracxn. As per the report, India ranked third globally, trailing only the United States and the United Kingdom. "While the Indian fintech sector has seen a temporary dip in funding, the steady momentum in early-stage investments and growing acquisition activity indicate that investor interest remains strong, particularly in scalable, innovation-led models," Neha Singh, Co-Founder of Tracxn, said. Bengaluru's dominance and the continued emergence of breakout companies reinforce India's position as a global fintech powerhouse, Singh added. Funding trends across stages in H1 2025 revealed a nuanced landscape for India's fintech sector as early-stage funding fared better than seed-stage and late-stage infusions. Seed-stage startups raised
A related concern is what if other financial sector regulators were also to latch on to the SRO idea? How does coordination happen between them in the case of financial conglomerates?
PB Fintech's co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech's chief executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 per cent stake in the company. PB Fintech is the parent of insurtech platform Policybazaar and fintech platform Paisabazar. According to the block deal data on the NSE, Ashish Dahiya offloaded a total of 34 lakh shares in two tranches, amounting to a 0.74 per cent stake in PB Fintech. In addition, Alok Bansal sold 16.50 lakh shares or 0.36 per cent holding in Gurugram-based PB Fintech, as per the data. The combined transaction was valued at around Rs 919.86 crore, executed at an average price of Rs 1,821.50 apiece. After the stake sale, Dahiya's holding in PB Fintech declined to 3.57 per cent from 4.31 per cent, and Bansal's stake fell to 1.04 per cent from 1.40 per cent. Meanwhile, the shares were picked up by a domes
Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO
Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyberfrauds. Lauding the success of fintechs, the Finance Minister said they have helped in speeding up financial inclusion, and taking the payment system to even the far-flung areas of the country. Speaking at the Digital Payments Awards 2025 Ceremony here, Sitharaman said it is important to ensure that startup companies come up with solutions so that people are not arrested at home digitally, or fly by night operators don't take away their money. Another major threat, she pointed out, is 'deep fake', which is causing a lot of damage to the public in large. "Today, we should take care of addressing them so we need a set of fintech companies which are constantly working to give solutions for the newer challenges which are arising," Sitharaman said. She also called upon the fin
The Finance Ministry on Wednesday rejected reports suggesting that a fee would be imposed on UPI transactions, calling them "completely false, baseless, and misleading".
The sharp markdown despite backing from existing investors reflects growing investor caution and a broader recalibration in the Indian fintech and credit-led ecosystem
PhonePe is the largest player on India's real-time payments system Unified Payments Interface (UPI). It reversed its listing from Singapore to India in 2022
The Bengaluru-based company secured the latest round of funding from Nandan Nilekani's Fundamentum Partnership, Aditya Birla Ventures and participation from all the existing investors
A report published by NITI Aayog says that the MSME sector contributes 29% to the GDP, adding 40% to the export and employing 60% of the workforce
Initiative aims to support early-stage ventures with fintech tools, mentorship and infrastructure - especially in Tier 2 and Tier 3 cities
For the full FY25, the Gurugram-based company recorded a loss of Rs 121.5 crore
Cashfree and Razorpay use AI agents and a new protocol to simplify backend systems and automate payments, easing merchant operations across fintech platforms
Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added
After investing around $200 million in India since 2020, the VC firm is pushing deeper into Asia-now operating in Indonesia, Japan, and Singapore, and setting its sights on South Korea and Australia
FPIs' stake in Swiggy declined to 4.9% in the March 2025 quarter from 6.2% at the end of December 2024 quarter, shows the shareholding data.
Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores