Page 4 - Fintech

Fintech tools to transform medium enterprises into growth engines: NITI

A report published by NITI Aayog says that the MSME sector contributes 29% to the GDP, adding 40% to the export and employing 60% of the workforce

Razorpay, MeitY Startup Hub partner to boost India's deep-tech startups

Initiative aims to support early-stage ventures with fintech tools, mentorship and infrastructure - especially in Tier 2 and Tier 3 cities

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

Fintechs push AI, new protocol to simplify backend tools for merchants

Cashfree and Razorpay use AI agents and a new protocol to simplify backend systems and automate payments, easing merchant operations across fintech platforms

China's Ant Group to sell 4% stake in Paytm for $242 million: Report

Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added

Fintech-focused VC firm QED Investors eyes India in $300 mn Asia push

After investing around $200 million in India since 2020, the VC firm is pushing deeper into Asia-now operating in Indonesia, Japan, and Singapore, and setting its sights on South Korea and Australia

Swiggy tanks 6% on heavy volume, nears record low; Key reasons for fall

FPIs' stake in Swiggy declined to 4.9% in the March 2025 quarter from 6.2% at the end of December 2024 quarter, shows the shareholding data.

PhonePe's Pincode app starts 24x7 medicine delivery in three cities

Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores

Vijay Shekhar Sharma surrenders 2.1 cr Paytm ESOPs worth Rs 1,800 cr

Fintech firm One97 Communications' Managing Director and Chief Executive Officer Vijay Shekhar Sharma has voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore, as per a regulatory filing and share closing price of the company. The shares were granted to Sharma as part of ESOP (employee stock ownership plan) at the time of listing of One97 Communications, which owns Paytm brand. It will now return to the ESOP pool under One 97 Employees' Stock Option Scheme, 2019. "Vijay Shekhar Sharma, Chairman, Managing Director and Chief Executive Officer of the Company vide letter dated April 16, 2025 has informed the company that he has voluntarily forgone all 2,10,00,000 (Two Crore Ten Lakhs) ESOPs granted to him under One 97 Employees Stock Option Scheme, 2019, with immediate effect," the filing said. Based on the Paytm share closing price of Rs 864.5 apiece, the ESOPs are valued at Rs 1,815.45 crore. "This will result in a one-time, non-cash, acceleration of ESOP expense of R

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

Payment pains: UPI outages traced to tech glitches, backend failures

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes

Fintech firm Razorpay launches Turbo UPI Plugin on BHIM Vega platform

Fintech firm Razorpay has partnered with NPCI BHIM Services Ltd (NBSL) and Axis Bank to launch the Razorpay Turbo UPI plugin on the BHIM Vega platform. The solution enables businesses to offer seamless in-app payment experiences, allowing customers to complete transactions instantly without switching to third-party apps. "BHIM Vega -- Razorpay's Partner Businesses can now accept in-app payments, and end-customers can complete payments instantly within the app without switching to third-party apps, reducing friction in online transactions and delivering a high-speed payment experience," a company statement said. The partnership aims to reduce friction in online payments, increase transaction success rates, and streamline user onboarding. "Our partnership with BHIM to integrate Turbo UPI with BHIM Vega... removes one of the biggest pain points in UPI payments -- redirections -- allowing customers to complete transactions instantly within the app. "This means fewer drop-offs, higher

MobiKwik to enter stock broking business, incorporates new subsidiary

The company plans to become a member of various stock and commodity exchanges in the country and abroad

GIFT City climbs global financial centre index, bolsters its hub status

Gujarat International Finance Tec-City (GIFT City) is India's first operational smart city and maiden International Financial Services Centre

Trillionloans Fintech secures 'IND BBB+' rating from India Ratings

The non-banking financial company (NBFC) plans to leverage BharatPe's merchant network with a base of over 18 million customers

Fintech firm Pine Labs targeting Indian IPO in second half of 2025: CEO

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions including point-of-sale machines to merchants for card payments

Bessemer raises $350 million in India fund to back new-age companies

Will focus on investments across AI, SaaS, fintech, digital health, consumer, and cybersecurity

PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26

PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar, on Tuesday said it proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business. The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday. The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd. said in a regulatory filing. The said investment is, however, subject to the shareholder's approval through postal ballot and will be made along with other external investors in PB Healthcare Services Private Ltd., it said. It further said that the capital infusion would be done to meet its general operating expenses and enhance brand awareness, offic

Neobanking startup Zolve secures $251 million funding in equity, debt mix

The company has about 750,000 users and was launched in 2021

RBI Guv Sanjay Malhotra vows consultative approach with fintech firms

Malhotra's latest comments will likely provide relief to the industry hit hard by a crackdown on errant firms under his predecessor Shaktikanta Das