Fintech

SBI-backed Cashfree Payments bets on travel services, overseas investment

The SBI-backed fintech will pilot overseas investment, travel and business-to-business payment offerings this year as it looks to capitalise on rising international transaction volumes

Pine Labs pumps nearly ₹25 crore into subsidiary to fund expansion plans

The rights issue investment will help Synergistic Financial Networks meet working capital requirements and support its future expansion plans

Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains

Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits

GIFT City to offer fintechs runway that home turf doesn't to drive growth

Indian fintech firms are expanding into cross-border payments via GIFT City, leveraging IFSCA's PSP licence to tap trade finance, treasury and capital market opportunities

Recordent launches credit registry for non-profit MFIs to curb defaults

Fintech company Recordent has launched a shared credit information platform for not-for-profit microfinance institutions (MFIs), aiming to help lenders identify borrowers with multiple loans and curb over-indebtedness. The MFI Credit Registry will allow Section 8 MFIs-non-profit lenders that provide small-ticket loans primarily to low-income households-to share borrower loan and repayment data through a common platform before sanctioning fresh credit, an official said. Unlike larger microfinance companies that have wider access to borrower information, many Section 8 MFIs have limited visibility into customers' existing loans, increasing the risk of multiple borrowings and loan defaults, the company said. Recordent CEO and Co-Founder Winny Patro said Section 8 MFIs, which operate as not-for-profit entities, currently manage an estimated Rs 4,000 crore of assets. The company said the registry has already been used with 10 Section 8 MFIs, and the results have been encouraging. Devel

Mastering the evolving insurance business

In this session, Gaurav Banka, Chief Risk Officer, Aviva India, talks about the insurance sector and provides career tips to the B-Schoolers.

Kaleidofin Capital secures $5 million debt facility from WLB Asset VIIB

NBFC plans to deploy the funds across clean energy and financial inclusion sectors, with the transaction carrying Orange Certification for gender-positive impact

Kunal Shah named WhatsApp CEO: A look at Indian biz leaders at global firms

Kunal Shah's appointment to WhatsApp adds to a growing list of Indian business leaders who built careers in India before rising to top roles at global firms

Meta invests $900 mn in Cred, Kunal Shah to head WhatsApp globally

Meta acquires a minority stake in Cred through a $900 million investment and appoints founder Kunal Shah as global head of WhatsApp

Sebi clarifies EPI benefits; Turtlemint Fintech IPO subscribed 45% on Day 1

The market regulator revised commodity margin provisions, cleared SBI Mutual Fund's IPO and oversaw the opening day of Turtlemint Fintech's share sale

Fintech firm Razorpay's confidential DRHP filing likely this month

The Bengaluru-based fintech firm is expected to seek a valuation of ₹50,000-60,000 crore through an IPO that could raise ₹5,000-6,000 crore

Flipkart hires senior tech leaders to strengthen AI, fintech capabilities

The e-commerce company has appointed former leaders from Swiggy, Mastercard and Razorpay to bolster its artificial intelligence, data science, payments and engineering functions

PhonePe launches AI tool to help merchants build payment pages in minutes

SmartPages enables businesses to generate customised payment pages using simple text prompts, removing the need for coding or design expertise

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