Fintech Sector

PayPal applies to become a bank to expand lending as US loosens regulations

If approved, PayPal Bank would help the firm bolster its small-business lending capabilities, addinf that the company has provided access to more than $30 billion in loans and capital since 2013

Fintechs hold steady in changing terrain as unsecured credit business grows

Growth fueled by digital infrastructure and co-lending, as fintechs shift to asset-light models amid tighter funding

Infibeam Avenues to rebrand as AvenuesAI, elevates Vishwas Patel as CEO

Vishwas Patel elevated to MD & CEO as fintech major shifts strategy to integrate AI across its digital infrastructure

Wise to roll out multi-currency prepaid forex card for users in India

The UK fintech enters India's cross-border payments space, offering a card with 0.5% average FX fee and mid-market rates, challenging traditional markups

Wise to double down on cross-border payments, roll out prepaid forex card

Over 75,000 users waitlisted; fintech eyes cross-border payment expansion after securing RBI's in-principle PA-CB nod

Retail CBDC transactions hit 120 mn, value crosses ₹28,000 crore: RBI DG

Retail CBDC transactions in India have crossed 120 million with a value of over ₹28,000 crore, as RBI works on programmability, new use-cases, and future cross-border capability

Won't require more tech-related headcount: Pine Labs' B Amrish Rau

Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues

Navi aims to become a major UPI player as it scales credit line offerings

Rajiv Naresh, MD and CEO, Navi, says the fintech aims to capture a significant share of the UPI ecosystem by investing in credit line products, strengthening tech infra, and customer awareness

PayU India nears breakeven in H1 FY26 as Prosus backs profitable growth

Prosus says PayU India is sharpening its focus on higher-margin services, improving cost discipline, and leveraging payments, VAS, and SaaS to move towards sustainable profitability in H1 FY26

India offers major investment opportunities for Israeli firms: Piyush Goyal

Piyush Goyal said India presents strong investment prospects for Israeli companies across infrastructure, manufacturing, AI and emerging tech

Easebuzz secures authorisation to operate as full-stack payment aggregator

Fintech firm Easebuzz has received RBI approval to function as a full-service payment aggregator, enabling online, offline and cross-border payment capabilities across its merchant network

Australian fintech MyGigsters expands to India to power the future of work

Backed by major investors and strategic partners, the company aims to help 10 million independent workers access financial security by 2030

Card payments get a tech lift as fintechs expand device tokenisation

This contrasts with card-on-file tokenisation (CoFT), where tokens are stored on the merchant's or the payment processor's servers instead of the user's device

Pine Labs gains 14% on debut after ₹3,900-crore IPO despite weak demand

Fintech firm Pine Labs made a strong market debut with a 14 per cent rise over its issue price, even as subscription levels were modest

PhonePe partners with OpenAI to integrate AI features across its platform

PhonePe said the collaboration will enable OpenAI's ChatGPT to be discoverable across its consumer app and the PhonePe for Business app

Razorpay hires Google veteran Rambadran to lead engineering, AI innovation

Fintech major Razorpay has appointed Google Cloud's Prabu Rambadran as senior vice president of engineering to lead AI-first innovation, product growth, and global technology expansion

PB Healthcare acquires Fitterfly to expand into preventive digital care

The company also announced the onboarding of senior healthcare leaders to bolster its management team

IPO-bound Pine Labs plans to expand presence in global markets: CEO

Fintech major Pine Labs, which is gearing up to float its initial public offering (IPO) this week, plans to expand its presence in global markets as a part of its growth strategy, its CMD and chief executive office B Amrish Rau said. "We want to take our fintech platform global. We want to focus on select global markets, such as Southeast Asia and the Middle East, and intend to continue expanding and onboarding new clients in these markets," Rau told PTI. Noida-based Pine Labs is a technology company focused on digitising commerce through digital payments and issuing solutions for merchants, consumer brands, enterprises, and financial institutions. At present, its technology infrastructure supports digital transactions and payment processing in India as well as in 20 international markets including Malaysia, the UAE, Dubai, Singapore, Australia, the US, and parts of Africa. "By expanding our operations in these international markets, we expect to be able to scale our existing ...

BNPL not returning, says MobiKwik as losses widen to Rs 28.6 crore

MobiKwik's Q2FY26 loss widened to Rs 28.6 crore even as it tightened expenses. The fintech firm will not revive its BNPL product and is betting on ZIP-EMI and personal loans for growth.

Dhan launches stock lending feature to let investors earn passive income

Fintech platform Dhan introduces the stock lending and borrowing mechanism (SLBM), allowing investors to earn up to 24% annually on idle shares and ETFs through exchange-backed lending