Page 2 - Fintech Sector

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

Time to go global for India's fintech after UPI success? What experts say

In a panel discussion titled 'Post-UPI, Indian payments players look abroad' at Business Standard's BFSI Summit, fintech leaders expressed their views on what's next after technology like UPI matures

AI-enabled devices redefining digital banking, say experts at BFSI Summit

Experts at the Business Standard BFSI Insight Summit say devices are fast evolving from passive tools to AI-powered platforms at the core of fintech innovation and secure digital transactions

UPI accounts for 85% of payment volumes: RBI's payment system report

RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25

Lenders tap alternative data as next frontier in credit fraud fight

Fintechs, credit platforms analyse digital footprint, metadata, behaviour to detect fraud and underwrite new-to-credit users

Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions

Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country

Paytm brings entities under direct ownership to simplify structure

The move consolidates Paytm's offline and online merchant payments and brings insurance and lending arms under One97 Communications' direct control

Paytm transfers offline merchant payments to PPSL to comply with RBI norms

One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd (PPSL), to comply with the Reserve Bank of India's guidelines for payment aggregators. In a stock exchange filing, the company said the proposed transfer will consolidate the group's online and offline merchant payments businesses under PPSL, which has received in-principle approval from the RBI to carry out a payment aggregator (Online) business. The company said this will ensure that all payment aggregation activities are housed within one regulated entity and will build efficiency and synergy within the group. The Offline Merchant Payments Business includes merchants serviced through QR codes, Soundbox, and EDC machine payments. The transfer will be executed through a slump sale on a going-concern basis, subject to the approval of shareholders and the board of PPSL. Since this is a transfer to a ...

'Aspirational India' drives up retail digital payments, says report

The Unified Payments Interface remains the primary entry method, while credit instruments like credit cards and 'buy now, pay later' are increasingly favoured for high-value transactions

Tide to invest ₹6,000 crore in India, create 800 new jobs over five years

UK fintech Tide will invest 500 million euros (₹6,000 crore) in India over five years from 2026, creating 800 jobs as it deepens its commitment to the country's fast-growing SME sector

E-way bill generation hits record high in September, shows GSTN data

According to experts, the surge in e-way bill volumes reflects a pick-up in goods movement ahead of the festive season

India, UK can set benchmarks for inclusion, trust: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says collaboration between India and the UK can drive innovation, inclusion, and trust in digital finance beyond bilateral benefits

Starmer rolls out red carpet for Indian firms, fintechs to invest in UK

UK PM Keir Starmer invites Indian firms and fintechs to expand in Britain, promising a red-carpet welcome, faster authorisations, and new visa routes for talent

RBI launches four UPI initiatives at Global Fintech Festival 2025

New fintech features at Global Fintech Fest 2025 enhance UPI payments, bank interoperability, and seamless credit usage

Rethink insurance delivery to reach rural India: Irdai's Deepak Sood

Deepak Sood says India's digital infrastructure enables universal insurance, but the industry must reinvent distribution models to reach all socio-economic groups

Fintech firms eye investments in 'switching' as UPI's scale picks up

These investments in critical technology stacks enable fintechs to process transactions faster, with higher success rates, while handling large volumes with greater stability

PayNearby plans to raise funds via IPO in FY27, says CEO Anand Kumar Bajaj

"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said

Customer support and service major issues across fintechs: RBI study

An RBI bulletin study highlights customer support and grievance redressal as key challenges for fintechs, with users citing poor service, app glitches and loan processing issues