BUSINESS
SBI’s high UPI transaction failures continue to be a drag on the payments platform
Public sector lenders such as Union Bank of India and Bank of Baroda, which have fewer resources, have a lower failure rate than SBI, NPCI data shows
BUSINESS
Rising Bharat Summit 2025: Tech-led trust helped us crack tier 2 & 3 India, says InsuranceDekho’s Aman Batra
InsuranceDekho is now looking to leverage technology to customise products by analysing the profile of customers.
BUSINESS
Fintech unicorn Oxyzo's net profit up 26% in April-December
Revenue was up by 31 percent at Rs 810 crore but the loan book growth slowed to 14 percent against a CAGR of 68 percent during FY21-24
BUSINESS
Why do payment gateways want to disconnect Juspay, even it means losing business
Routing traffic to its own payment gateway instead of others it has integrated with may be at the heart of the matter.
BUSINESS
Flipkart’s super.money looking to raise $60-100 million at unicorn valuation
Super.money is leveraging UPI to expand its customer base to offer more financial services such as secured credit card, personal loan, fixed deposits and buy now pay later
BUSINESS
UPI transactions for FY25 fall short of govt's 200-bn target, record 185 bn transactions
While announcing the last fiscal’s UPI subsidy of Rs 1,500 crore, the government said that the programme aims to promote the UPI platform achieve 200 billion transactions during FY 25
BUSINESS
Merchants stick to Juspay even as payment gateways' ultimatum nears
The PG firms are making exceptions and giving deadline extensions to large merchants as they are not yet ready to sever ties with Juspay
BUSINESS
Fissures appear in Payments Council on letter to PM Modi on MDR without consultation
Some fintechs are miffed with Payments Council of India after it shot off a letter to PM on MDR without consultation. Such an aggressive public posturing on MDR could be counter productive, they said
BUSINESS
Lower UPI subsidy an indication that MDR on UPI is around the corner, say bankers
With the subsidy limited to small merchants, the government is shifting the subsidy burden to large merchants
BUSINESS
Anand Mahindra, Arali Ventures invest in AI agritech startup Harvested Robotics
The startup’s AI-driven weed-burning technology aims to reduce costs for farmers, increase yields and promote organic farming practices
BUSINESS
Top Navi executives Shobhit Agarwal and Apurv Anand quit to launch asset management company
The duo is planning to start the venture with a market regulator Sebi’s Portfolio Management Services (PMS) license targeting high-net-worth individuals and financial institutions
BUSINESS
Flipkart's super.money beats Cred to take 5th place; UPI daily transaction value crosses Rs 1 lakh crore for first time
PhonePe dominates UPI payments, with a 47.5% market share in volume in February. In value terms, its share is even higher at 51 percent
BUSINESS
8 of top 10 brokers see a drop in active investors in February as market gloom deepens
Among the top ten broking firms, only HDFC securities and Dhan saw a growth in active investors
BUSINESS
Fintechs explore charging merchants for UPI in talks with RBI
Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022
BUSINESS
Info Edge-backed NoPaperForms hires bankers for Rs 500-crore IPO
This will be the third startup from the Info Edge stable to go public. Info Edge, which holds a 48% stake in NoPaperForms, made early bets on Zomato and PB Fintech, which paid off well when the companies listed
BUSINESS
A year after Paytm Payments Bank ban, compliance and merchant focus spark recovery hopes
The company’s ubiquitous soundbox and lending platform under the direct selling agent model is expected to scale up rapidly. Most analysts believe that the worst is behind the fintech
BUSINESS
UPI Autopay soars to new heights blazing past card transactions in recurring payments
The share of cards in recurring payments went down from 42 percent in January 2024 to 31 percent this year
BUSINESS
Major brokers see active investor addition fall dramatically in Jan, Zerodha sees decline for second straight month
The top three brokers, Groww, Zerodha and Angel One, had investor bases of around 1.3 crore, 81 lakh and 78 lakh, respectively as of January
BUSINESS
Navi, super.money building on UPI gains, Cred's share stagnant since April 2024
Late last year, NPCI extended the implementation of its 30 percent market cap by two more years, as the newer players failed to make any material impact
BUSINESS
Fintechs see Rupay UPI credit card as the next growth engine
While the product is two years old, several fintech players are realising only now that this could be a profitable model to build a UPI payments business.
BUSINESS
Merchants left fuming after payment gateway firms try to work around Juspay
The most concerning aspect of recent events is that this goes against the open API and interoperability model of the Indian payments ecosystem
BUSINESS
Retail digital payments zoom 100x in 12 years, thanks to UPI
In 2024, UPI processed 172 billion transactions worth more than Rs 245 lakh crore and accounted for 83 percent of all digital transactions during the year, an RBI report has said
BUSINESS
Davos 2025: If partnerships erode brand, we will take a call that makes sense, says Razorpay’s Harshil Mathur on Juspay
Razorpay is trying to work with global payment players, including Stripe, JP Morgan Chase and others to see how it can collaborate to increase the cross-border penetration
BUSINESS
Davos 2025: India's stable policies and democracy will help attract investments under new Trump administration, says Raghuram Rajan
Every state must expand jobs wherever they can because that will give confidence to consumption, Rajan said
