BUSINESS
A confident teenager approaching adulthood, Google Pay’s Sharath Bulusu on 10 years of UPI
The democratisation of credit and agentic payments to lead the next phase of UPI’s growth story, Google Pay’s senior director of product management tells Moneycontrol
BUSINESS
UPI at 10: Next phase of growth to target a billion users, half a billion credit customers
Ten years of transforming Indian payments, UPI is set to enable formal credit for millions, even as its ecosystem partners grapple with thin revenue
BUSINESS
Zerodha launches fixed deposits on Coin app
Coin, a non-trading investment platform, will allow customers to book FDs across multiple banks, compare interest rates and track maturity dates in one centralised, fully digital process, the company has said
BUSINESS
AI chatbots could direct user behaviour on whether to take a loan or not, says KreditBee CEO Madhusudan
KreditBee secures $280 million funding at a $1.5 billion valuation, citing growth, profitability, and strong risk management that impressed investors
BUSINESS
Fintech lender KreditBee enters unicorn club with $280 million pre-IPO funding at $1.5 billion valuation
The company’s profitability and strong risk management through multiple business cycles, have been rewarded by its investors, co-founder and CEO Madhusudan E told Moneycontrol
BUSINESS
RBI makes CKYCR mandatory for merchant onboarding by payment aggregators
The RBI has also expanded the scope of payment aggregator business while tightening escrow rules and merchant verification requirements
BUSINESS
Digital gold is a big contributor to our margins, gold refiner MMTC-PAMP’s Samit Guha
Following the success of digital gold, the company is getting enquiries from partners in other mobile and digital-first emerging markets, like Mexico, Indonesia and Malaysia to launch the product in those countries. Guha assuaged regulatory concerns by assuring investors they can redeem holdings through the firm’s own platform
BUSINESS
UPI monthly transaction value approaches 30 lakh crore, closes FY 26 with over Rs 300 lakh crore in value
UPI transaction value grew by only 18.5 percent during FY 26, compared to 30 percent growth recorded in FY 25
BUSINESS
Credit-card spending cools to 11% in FY26 amid regulatory clampdown, tighter issuance
Tighter rent payment norms, banks devaluing rewards structures and a shift towards UPI weighed on credit card spending
BUSINESS
Indian fintechs yet to fully realise potential of AI, says QED’s Sandeep Patil
AI is a 'great equaliser' and a universal tool, enabling companies to jump ahead and scale without needing a traditional evolution curve, says Patil
BUSINESS
UPI grows 30% in FY 26, likely to record 240 billion transactions
Fintechs and payment firms request the government to reintroduce Merchant Discount Rate (MDR) to secure long-term revenue instead of relying on uncertain subsidies
BUSINESS
Fintechs, payment firms worried as UPI subsidy for FY 26 yet to be disbursed
According to industry estimates, the actual payout for FY 25 remained at Rs 1,050 crore, compared with the budgetary promise of Rs 2,000 crore and the government's final announcement of Rs 1,500 crore
BUSINESS
Fintech lenders' bad loans decline across digital portfolios as they tighten underwriting
Indian digital lenders pivot from aggressive growth and distribution to disciplined underwriting, and collections have stabilised non-performing assets after years of high defaults.
BUSINESS
Valuation, not just war, may have delayed Walmart-backed PhonePe’s IPO plans
Multiple investors noted that the company's high valuation ask, coupled with concerns over its lack of profits and high ESOP costs, played a role in pausing the IPO process
BUSINESS
PhonePe pauses IPO process citing geopolitical conflicts and market volatility
The US-Israel war on Iran has spooked the global markets and the $1.3-billion IPO needed a lot more liquidity than the current market offers, said a source aware of the developments
BUSINESS
Paytm to resume delivery of physical gold next month for its digital gold investors
The mobile payments firm, which had paused physical gold redemption last August, is rolling out revamped infrastructure to enable delivery across more than 12,000 pin codes starting mid-April
BUSINESS
Fintech Jupiter's plan to pick stake in State Bank of Mauritius India arm falls through
SBM's new management and the Mauritius government were not keen on the partnership. Jupiter to focus on achieving breakeven over the next 14 months
BUSINESS
Kunal Shah’s CRED gets payment aggregator licence from RBI
With the PA licence, the Bengaluru-based platform joins large payment firms like Paytm and PhonePe, expanding its role in the ecosystem
BUSINESS
Groww-th before the war: brokers add investors for second straight month
The broking industry sees second straight month of growth, though the West Asia conflict and heightened volatility can upset the momentum in March
BUSINESS
New milestone: UPI daily transactions cross 800-million mark on March 2; February volumes up 27%
February saw more than 700 million transactions every day, barring four. UPI has been seeing daily transaction value of more than Rs 1 lakh for 12-15 days a month
BUSINESS
Ionic Wealth crosses $1 billion AUM, with laser focus on mid-level wealth customers
By leveraging AI, Ionic Wealth can serve the Rs 1 crore- Rs 25 crore segment, overlooked by private banking, co-founder Shobhit Mathur tells Moneycontrol
BUSINESS
Fino Payments Bank's digital transactions slide amid mounting regulatory heat
With its CEO under arrest and digital revenues halving over three quarters, the crisis-hit Fino Payments Bank has seen its UPI transaction value plunge 50% between November 2025 and January 2026.
BUSINESS
Groww’s AI co-pilot in testing with up to 50,000 users, broader rollout likely in next 1–2 quarters: CEO
The company is positioning GR1 as a co-pilot that helps users analyse portfolios and surface insights within the app. However, Keshre stressed that it is not an advisory tool.
BUSINESS
Groww ramps up AI-led investing, pro trading offerings as user base reaches 16 million
The company also introduced native mobile charts, ETF screening tools, and multi-portfolio tracking features.
