BUSINESS
IPO-bound Groww enables captive algo trading with 'Groww Cloud'
Even as SEBI has been curbing derivatives trading to protect retail investors, the segment is key to the broking industry in revenue
BUSINESS
Zerodha to roll out Fixed Deposits on Coin app soon; ties up with Blostem
The Bengaluru-based discount broker’s idea behind FDs is to offer fixed-income products along with low-risk long-term investment products on the Coin platform
BUSINESS
Zerodha to offer investment in US stocks in next quarter through GIFT City
'We are working on it, and we should have something in the next quarter. It is a product launch,' CEO Nithin Kamath has said
BUSINESS
UPI mapper rule to promote interoperability triggers slugfest among payment apps, chaos for consumers
In the end, NPCI blinked. Fierce one-upmanship among UPI apps forced a rollback, restoring uneasy peace in India’s payments ecosystem
BUSINESS
A record October for UPI; Diwali boom, GST cuts fuel 13% surge in transactions
The average daily value of UPI transactions has already climbed 13 percent over September to Rs 94,000 crore. The monthly value is poised to cross Rs 28 lakh crore for the first time
BUSINESS
NPCI-backed BHIM clocked Rs 4 crore revenue, Rs 68 crore loss in FY25; transactions up four-fold after spinoff
NPCI’s move to spin off BHIM has yielded results, with the app quadrupling its transactions to 100 million within a year
BUSINESS
Digital payments hit fiscal's lowest levels in September as consumers likely waited for GST cuts
The exception to this trend was online credit card transaction value, which propelled by ecommerce festive sales, saw September month processing record-high transaction value
BUSINESS
PhonePe subsidiaries double revenue, now make up 9% of total income
Fintech major PhonePe's diversification efforts have shown promise, with revenue soaring, however, the company is yet to achieve profitability.
BUSINESS
Offline card transaction value down 17% this festive season as users shop online
UPI transaction volume was lower in September, compared to August, even with the boost from lower GST rates and online festive sales
BUSINESS
Zerodha revenue drops for the first time in FY 25, Sebi regulations to hit FY 26 topline by 40%
The competitive intensity has resulted in Zerodha’s market share in active traders coming down from 22 percent in early 2023 to around 16 percent now. However, the company’s market share in terms of client assets accounts for about 10 percent of all retail and high-net worth individuals' assets under management in the country
BUSINESS
Festive sales drive online credit card spending to all-time high, likely to touch Rs 1.2 lakh crore in September
Interestingly, the debit card payments online is likely to be much below last October’s figures, an indication that more people are shifting their online purchases to credit cards to avail offers
BUSINESS
NPCI tweaks credit line on UPI after a cold start, to launch partnership model at GFF
For small ticket unsecured loans, NBFCs tend to be more eager and earnest than banks and hence their participation is key for the product’s take off
BUSINESS
IPO-bound Groww leans on wealthier clients, diversification to offset derivatives slowdown
As per AMFI data, 6 million new SIPs were created in India in June 2025, while Groww created 2 million new SIPs during the period, implying that around 33 percent of all new SIPs were created on the company’s platform.
BUSINESS
PhonePe, Paytm, Cred shut down rent payment services amid RBI curbs
The move follows the Reserve Bank of India’s (RBI) tightened Payment Aggregator (PA) and Payment Gateway (PG) guidelines, issued on September 15, which bar PAs from facilitating payments to entities with whom they lack a direct contractual relationship.
BUSINESS
Rising revenue, growing user base, regulatory headwinds: 7 things to know about Groww’s DRHP
In Q1 FY26 Groww's revenue came in at Rs 904.3 crore. Active client growth of 35.5% in FY25 outpaced most listed peers. .
BUSINESS
Broking major Groww files for Rs 6,000-7,000 crore IPO, aims for a November listing
Bengaluru-based broking firm Groww is likely to finalise the IPO price band by the middle of October and is aiming at a November listing.
BUSINESS
Kotak811 pulls ahead of SBI Yono, becomes third-highest downloaded banking app in world in H1 2025
Unlike India, mobile banking apps have become the go-to apps for financial services across the globe. In India, payment apps are bigger than neobanking apps as the lack of regulatory approval hinders the latter’s growth
BUSINESS
Groww eyes up to $9 billion valuation, to file updated IPO papers this week
Initially, Groww, which is looking at a November market debut, was targeting a valuation of $7-8 billion but a strong FY25 and a healthy Q1FY26 could result in a higher valuation, sources have told Moneycontrol
BUSINESS
After a tough FY25, fintech NBFCs expect GST cuts to revive growth and margins this year
Industry watchers expect a phase of consolidation, where stronger players with healthier balance sheets and access to capital markets will pull ahead, while smaller or weaker NBFCs, especially those focused on unsecured lending, may be forced to rethink their strategy or seek partnerships.
BUSINESS
PhonePe, Google Pay's UPI market share slips as Navi, super.money gain ground
To be sure, IPO-bound PhonePe still dominates the UPI payments landscape, with a little over 45 percent market share, so these figures do not shift the competitive landscape materially
BUSINESS
UPI transaction value dips Rs 2,500 cr in August after Centre’s ban on online real-money gaming
The online RMG ban took effect on August 22, less than 96 hours after cabinet clearance, in what may be one of the swiftest policy moves in recent parliamentary history
BUSINESS
Powered by quick commerce, online credit card payments set to surpass offline transactions
Shift towards UPI for small payments have also led to the decline of credit cards use at offline outlets
BUSINESS
Amazon completes acquisition of Axio, to follow measured growth in lending
Even as the credit cards in the country explode, the ecommerce firm continues to see a good demand for the BNPL product from customers with a lower income level, and helps them build a good credit history
BUSINESS
UPI’s volume growth down 15 percentage points in 2025 as base effect takes hold
India’s large informal sector, a low female work participation and the new users’ propensity to spend less could limit UPI’s future growth, say experts
