Fintech

Paytm planning to hire 4,000 employees in AI pivot with some roles cut

Paytm to continue hiring through March 2027, expanding teams across product, technology and AI, with recruitment also planned for senior leadership roles

RBI recognises Sahamati Foundation as SRO for account aggregator ecosystem

RBI has recognised Sahamati Foundation as the SRO for the Account Aggregator ecosystem, strengthening governance and trust in open finance

LIC plans foray in fintech space, strategic investment also on table: CEO

Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO and MD R Doraiswamy said. "Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players and we are getting a lot of new things being developed by such players," Doraiswamy told PTI in an interview. On the other side, he said, "we are a big financial institution investing in multiple organisations and we also look at strategic investments in any specialised player as a way of improving the returns on the policyholders' funds." Talking about Life Insurance Corporation of India's IT journey, he said, it was one of the early adopters of digital technologies. "We have built our own core competence in developing our business applications by building up a software development centre. We have sizable number of people working in our IT department creati

NPCI chief Asbe bats for regulatory framework for fintech AI ecosystem

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases

Fintech and payments industry preparing a 'safe harbour' proposal

Payments Council of India has engaged independent consultants to draft framework to be submitted to RBI

Policybazaar parent PB Fintech promoters plan stake sale worth ₹654 crore

PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal

Edtech firm PhysicsWallah to invest ₹120 crore in NBFC arm FinZ Finance

PhysicsWallah steps deeper into fintech with a ₹120 crore infusion into its NBFC arm FinZ Finance, expanding student-focused lending within its education ecosystem

Fintechs seek 'safe harbour' provision as regulatory waters turn choppy

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

Slice Small Finance Bank posts first-ever ₹48.4 crore net profit in FY26

The Bengaluru-based lender turned profitable following its merger with North East Small Finance Bank, with total income more than doubling in FY26

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

Cashfree Payments plans over $100 million funding round in FY27

Cashfree Payments plans to raise over $100 million in FY27 to expand cross-border payments, AI capabilities and global operations ahead of a potential IPO in the coming years

ICICI Bank seeks at least ₹100 crore recovery from fintech firms

Growing discomfort among banks over eroding interchange income

Scapia raises $63 million in Series C round led by General Catalyst

Bengaluru-based travel fintech startup Scapia will use the fresh capital to scale travel offerings, expand AI capabilities and grow its customer base

Fintech stocks underperform: What's behind the massive valuation reset?

Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players

Fintech firms form SRO to boost trust in digital precious metals market

Digital gold and silver platforms have formed a self-regulatory body to improve governance, transparency and consumer protection amid regulatory uncertainty

GCCs have to focus on what is needed in the future: Ramkumar Narayanan

FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

OnEMI Technology IPO subscribed over 5 times on final day of bidding

OnEMI Technology IPO comprises a combination of fresh issue of 49.7 million equity shares amounting to ₹850 crore and an OFS of 4.4 million equity shares amounting to ₹75.92 crore

The gap between banks and fintechs is narrowing, says Rishi Verma

AI is narrowing the gap between banks and fintechs, driving faster decisions, better risk management and a convergence of scale, agility and trust

PhonePe reaches 700 million users milestone amid strong fintech growth

PhonePe has crossed 700 million users, underscoring rapid growth in India's digital payments ecosystem, even as the fintech firm pauses its IPO plans amid market volatility

PhonePe crosses 50 million registered merchants across India ahead of IPO

Fintech major PhonePe on Tuesday said it has crossed 50 million lifetime registered merchants on its platform. The IPO-bound company noted its expansion from offering QR code-based payment solutions to providing a full-stack suite of financial tools, including working capital loans, Point-of-Sale (POS) terminals, and SmartSpeakers. "Reaching 50 million merchants is a significant milestone in our effort to make financial services more accessible to merchants across India. For many of our partners, the journey began with a simple QR code, but that relationship has since matured. Today, digital payments serve as a gateway to a wider range of formal services, including credit," Yuvraj Singh Shekhawat, Chief Business Officer, Merchant Business, PhonePe, said. Launched in 2016, PhonePe has over 65 crore registered users. The latest development comes as the company prepares for its initial public offering (IPO), having recently filed an updated draft red herring prospectus (UDRHP-I) with .