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.
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
