BUSINESS
Growth pangs continue for credit line on UPI despite multiple initiatives from payment firms
As large banks become indifferent, the future of CLOU now rests on small finance banks targeting semi-urban and rural customers, where traditional credit cards have limited reach
BUSINESS
MTF posts 43% YoY growth amid concerns of over-leverage
From Rs 84,000 crore in January 2025, the MTF book has surged by almost 43 percent to Rs 1.2 lakh crore as of January 2026
BUSINESS
Stable Money raised $25 million in funding led by PeakXV, eight months after $20 million funding
The digital platform facilitating over ₹5,000 crore in fixed-income investments targets physical expansion to build trust in tier 2 and tier 3 cities
BUSINESS
PhonePe’s high ESOP expenses a drag on EBITDA margins, Macquarie report
Walmart-owned payment firm's ESOP payments, which have exceeded Rs 2,000 crore for three consecutive years, are expected to continue the trend this fiscal as well
BUSINESS
Zerodha invests $2 million in Pensionbox, forms joint venture for Corporate NPS
While around 7 lakh companies offer EPF, only around 22,000 provide the corporate NPS option to their employees
BUSINESS
Google Pay reports flat topline at Rs 1,500 crore in FY 25, net profit halves to Rs 50 crore
Despite a high market share in UPI, Google Pay's revenue remains flat, a sharp contrast with competitors like PhonePe and Paytm, which report five times its annual earnings
BUSINESS
Lending startup Olyv raises $23 million from Nandan Nilekani’s Fundamentum and SMBC Asia fund
The fintech firm plans to use its Series B funding to expand into insurance, UPI payments, and business loans
BUSINESS
Neobanking fintech FiMoney pivots to B2B, lays off staff in consumer business
Most neobanks have struggled to monetise their customers meaningfully by providing a concierge banking service
BUSINESS
Upstox eyes Charles Schwab-style playbook as cofounder Ravi Kumar drives diversification, profitability
After losing momentum in user growth post its ad blitz, India’s fifth-largest broker is doubling down on active traders, mutual funds, lending and wealth products to build a sustainable, profitable platform
BUSINESS
Six of 10 brokers add active investors in January; Groww leads with 3.5 lakh, highest in over a year
The country’s largest broker by revenue, Zerodha, saw its active investors grow in January after declining for 15 consecutive months
BUSINESS
Startups to seek Finance Ministry nod for loans against pending GST input tax credit
The finance ministry already approves such loans for MSMEs and corporate sector as loan against receivables
STARTUP
Digital gold sales surge to record high of Rs 4,000 crore in January
Over 90 percent of all digital gold purchases in the country happen through UPI.
BUSINESS
India-US trade deal lifts sentiment for cross-border payment startups
Fintech firms serving exporters expect higher volumes once there is clarity on execution and regulations
BUSINESS
Looking to acquire large and stable companies, PB Fintech can bring growth and transformation, says Group CEO Yashish Dahiya
According to Dahiya, the new MGA provisions in the insurance amendment bill could transform the insurance industry much like NBFCs reshaped banking and lending in India
BUSINESS
Payment industry disappointed with Rs 2,000 crore budget subsidy for UPI and RuPay debit card
The UPI transaction value growth has already dropped to 13 percent even though volume growth remains robust at around 28 percent
BUSINESS
Union Budget 2026: Nirmala Sitharaman announces Rs 2,000 crore UPI and RuPay subsidy
To promote the adoption of digital payments, the government mandated that UPI transactions remain free for users, and in return, it will compensate payment firms for the costs they bear to facilitate them
BUSINESS
Economic Survey 2025–26: UPI and Digital Payments widen the credit accessibility and financial inclusion
The platform is now embedded across grocery purchases, fuel payments, dining, local mobility, bill payments and a widening range of low-value merchant transactions.
BUSINESS
Rent payments make a comeback on payment apps, PhonePe stays out ahead of IPO
While some of the payment companies have restarted the rent payment with work-arounds and caution, IPO-bound PhonePe wants to stay away from any regulatory grey-area
BUSINESS
Union Budget 2026: Payment companies push for bigger subsidy, return of MDR
After a sharp shortfall in government compensation last year, payment firms are urging the Finance Ministry to hike the UPI subsidy and consider bringing back MDR for large merchants to sustain ecosystem growth.
TECHNOLOGY
PhonePe IPO: Walmart-backed firm’s UPI dominance, new riskier businesses and other risk factors from DRHP
In December, PhonePe processed close to 10 billion transactions worth over Rs 13.6 lakh crore through UPI platform
TECHNOLOGY
IPO-bound PhonePe's revenue rises 22% to Rs 3,918 crore, net loss widens to Rs 1,444 crore in H1FY26
Updated DRHP shows IPO to be a pure offer for sale with no fresh issue.
BUSINESS
Davos 2026: See deposit growth inching up from here as regulators and government help in liquidity, Axis Bank CEO Amitabh Chaudhry
Chaudhry warned that sluggish deposit growth could ultimately start impacting India's credit and economic growth
BUSINESS
WEF 2026: Bajaj General Insurance resolves 95% of customer grievances with Gen AI, says CEO Tapan Singhel
He also emphasised the critical need for constant training to counter the tendency of AIs to "hallucinate"
BUSINESS
PhonePe gets SEBI nod for India's second largest fintech IPO, likely to seek $15-billion valuation
The stage is set for PhonePe’s listing in the Indian stock markets as the company continues to reign in UPI payments segment with around 45 percent market share
