Page 5 - Fintech

MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku

MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities

OnEMI sets ₹162-171 IPO price band; issue to open for subscription April 30

Digital lending platform OnEMI sets ₹162-171 price band for ₹926-crore IPO, comprising fresh issue and OFS, with subscription opening April 30 and closing May 5

MobiKwik gets RBI's nod for non-banking financial company licence

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering

Kissht parent OnEMI Tech sets IPO price band at ₹162-171: Check key details

OnEMI Technology Solutions has set the price band in the range of ₹162 to ₹171 per share

Pine Labs acquires Shopflo in ₹88 crore deal to expand D2C ecosystem

Acquisition of checkout platform Shopflo aims to strengthen Pine Labs' full-stack commerce offering and deepen engagement with D2C merchants across online and offline channels

PayU inFINity 3.0 cohort to co-create projects within Prosus ecosystem

Selected fintech startups under PayU's accelerator programme to access Prosus ecosystem, mentorship and grants to scale solutions focused on financial inclusion

Early warning signal: Anthropic's Mythos puts Indian fintechs on guard

Fintech body FACE urges stronger cyber defences as Anthropic's Claude Mythos raises concerns over AI-driven software vulnerabilities

Fintechs scale RuPay co-branded cards as UPI credit gains traction

Fintech firms are accelerating co-branded RuPay credit card launches as UPI linkage drives small-ticket credit use, boosts transaction volumes, and deepens integration of credit into everyday digital

Cashfree Payments appoints Sameer Gandhi as CFO to strengthen operations

Sameer Gandhi will oversee financial strategy, operations and revenue planning at Cashfree Payments as the fintech firm sharpens focus on growth and profitability

10 years of UPI: Many records, but limited incentives restrict growth

A decade after launch, UPI dominates digital payments but slowing growth and lack of MDR incentives raise questions over its next phase

RBI proposes 1-hour delay for digital payments above ₹10,000 to curb fraud

Central bank suggests transaction delays, trusted-person authentication and stricter account controls as digital payment frauds surge in volume and value

CBDC transactions cross 150 million, value exceeds Rs 34,000 crore

CBDC transactions have crossed 150 million with value exceeding Rs 34,000 crore, as RBI works on programmability and gradual rollout of digital currency

Cred revamps Kuvera app to deepen wealth-tech play, targets investors

Fintech firm upgrades Kuvera with new tools to improve investment discipline and performance, targeting affluent users with long-term portfolio management features

Payments industry must target beyond growth as RBI shifts focus to risk

As RBI pivots to risk and resilience, India's payments sector is evolving from a high-growth story to one driven by governance, trust and global integration

India's VC investments reached $16 bn in 2025; deal activity rose 18%

India's VC funding rebounds to $16 billion in 2025, with fintech and wealthtech leading the surge in deal activity and investor interest

UPI transactions scale all-time high of Rs 29.52 trillion in March

UPI transactions reached an all-time high of ₹29.52 trillion in March, with strong growth in both volume and value, according to NPCI data

Paisabazaar gets adverse order under Benami Property Transactions Act

PB Fintech subsidiary receives adverse order under Benami law; company says it will appeal and sees no immediate financial impact

Rich Insights from KarmaLife’s Fintech expert

In this session, Naveen Budda, Co-founder and CTO, KarmaLife AI, discusses about AI in Fintech, decision intelligence & more, and provides career tips

Revolut plans to base 40% of its global workforce in India by 2026

The new positions will span product development, support functions and financial services functions such as payment processing and fraud investigations

Fino fallout prompts fintech firms to seek safe harbour, tighten controls

After the Fino Payments Bank episode, fintech firms seek safe harbour protection and tighten internal controls, consolidating key responsibilities amid rising compliance risks