Page 5 - Fintech Sector

Reserve Bank of India lens on payment fintechs over misclassified merchants

Several payment aggregators are said to have misclassified merchants, typically in the retail category, under utility - a segment that traditionally draws lower interchange rates

Fintech firm Razorpay completes reverse flip from US to India ahead of IPO

Fintech firm Razorpay has moved its parent company's domicile from the US to India as it gears up for an IPO, joining the growing trend of Indian startups relocating home

Flipkart-backed super.money eyes neo-bank play in India's fintech race

With 175 million UPI transactions, super.money eyes top 5 neo-bank spot by expanding into credit, wealth and insurance while maintaining cashback-led engagement

CreditAccess Grameen eyes 15% retail finance share by FY28 amid MFI stress

The lender plans to raise the retail loan share from 6% to 15% by FY28, with a shift to secured lending like housing and business loans amid pressure on microfinance

Q4 results: MobiKwik suffers Rs 56.03 cr loss, ops revenue up marginally

For the full FY25, the Gurugram-based company recorded a loss of Rs 121.5 crore

Cashfree Payments supports over 140 currencies on upgraded global gateway

Cashfree becomes first Indian fintech to offer 140+ currency support on its international payment gateway, helping Indian merchants expand global reach and revenue

Policybazaar parent PB Fintech's new India hospital venture raises $218 mn

The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027

Cashfree Payments rolls out AI-first module across core products

The new MCP server integrates large language models with Cashfree's APIs to automate merchant operations such as payment links and KYC verification

Kaleidofin raises $5.3 million from IDH Farmfit to grow agri-lending

The latest funding brings Kaleidofin's total equity round to $19 million and aims to expand access to financial services for smallholder farmers and agri value chains

BFSI consolidates dominance in Nifty 50 index, up 2.6x at 37.9% since 2004

The sector's dominance in the Nifty index comes on the back of a 50x increase in market capitalisation over two decades

And the wait continues: Fintech funding revival still out of reach

Sectoral regulators have signalled that they expect fintechs to focus strongly on governance, risk, compliance, and conduct aspects

DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid

The body represents 120 members in regulated and unregulated firms engaged in digital financial services

Fintech industry to grow with digital expansion: MobiKwik's Upasana Taku

MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade

AI agents, new ally for CFOs to bolster finance automation: Xalts COO

As Indian companies evolve into global entities with increasingly complex finance operations, AI-powered intelligent solutions are driving measurable outcomes, turbo-charging speed, insights and efficiency that CFOs urgently need, says Supreet Kaur, chief operating officer at Singapore-based fintech platform Xalts. The platform has assisted clients in shortening trade finance cycles by as much as 10 days, and providing headcount efficiency of 30-40 per cent, all without replacing core systems, she told PTI. In her view, the next phase of finance transformation won't be driven by generic automation but by vertical AI agent platforms that solve real operational challenges. It will free CFOs to focus on decision-making, not data wrangling, she said. Given the multi-jurisdictional mandate of corporate finance teams in today's globalised world, handling of intricate banking relationships, payments, liquidity, compliances, and many other complex finance and treasury tasks can no longer re

Decentro partners Singapore firm DigiAlly for South Asia expansion

The partnership will enable the Bengaluru-based company to enter global markets such as Singapore, Vietnam, South Korea, Australia, Philippine, Indonesia, and deepen presence in India

Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation

The India Fintech Foundation (IFF) has 100 members at present

Fintech NBFCs sanctioned 83 mn loans in first 3 quarters of FY25: Report

It added that quarter-on-quarter (Q-o-Q) sanction value had declined by 15 per cent in the third quarter of FY25 (Q3FY25) compared to the previous quarter

Fraud detection has to improve to protect banks: BCT Digital CEO

With the rise of digital and contactless banking, fraudsters have found newer ways to exploit vulnerabilities, said Jaya Vaidyanathan, chief executive officer (CEO) of BCT Digital

DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid

This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it