Fintech

UPI transaction volume was lower in September, compared to August, even with the boost from lower GST rates and online festive sales

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

Recur Club raises $50 million in a mix of debt and equity from InfoEdge and others

With the new funds, the platform aims to expand product offerings and scale into Tier-2 and Tier-3 cities, targeting an annual debt run-rate of Rs 10,000 crore by FY27.

RBI orders fintech Simpl to halt payment operations

The move comes after the Enforcement Directorate (ED) in July filed a case under the Foreign Exchange Management Act (FEMA), 1999, against Simpl and its founder-director, Nithya Nand Sharma, for alleged foreign exchange violations worth Rs 913.75 crore.

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

Oolka bags $7 million in funding from Lightspeed, Z47, 8i Ventures to scale AI credit platform

The Bengaluru-based fintech startup has processed over Rs 100 crore in repayments and is nearing 2 million users; funds will be used to expand its team and launch AI-native credit tools.

Walmart-backed Flipkart invests $30 million in fintech arm Supermoney

Launched less than a year ago, Supermoney has quickly become India’s fifth-largest UPI app, handling about 257 million transactions a month, according to data from the National Payments Corporation of India.

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.

PhonePe gets RBI nod to operate as online payment aggregator

The aggregator license is part of the RBI’s regulatory framework aimed at tightening oversight of digital payment intermediaries and ensuring consumer protection.

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.

WestBridge leads $40 million round in Flipkart-backed FinBox to expand B2B digital lending platform

Of the $40 million, $35 million went directly into the company’s coffers in the form of primary capital and the remaining $5 million was through secondary share sales where early angels exited to make way for new investors.

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.

Cholamandalam to scale back fintech, supply-chain financing

The move will curb the AUM growth to 20-23% this fiscal from the previously projected 25-30%, president and CFO Arul Selvan has said

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

Kunal Shah's CRED launches 18 carat gold credit card with IndusInd Bank

Serial investor Shah, was upbeat about the prospects of the new products, especially the Sovereign gold card. “Take a good look because you will probably not see it. Most people will not get it.”

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

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.

Fintech player Pine Labs kicks off international roadshows, targets IPO launch after Diwali

The fintech player is contemplating a post-Diwali window to launch the IPO, targetting late October or early November for the offer, sources said, contingent to regulator Sebi’s approval and prevailing market conditions.

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

How RBI's proposed principles-based framework can be a gamechanger for Indian fintechs

It's high time RBI empowered innovation without getting into micromanagement

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

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

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

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

UPI crosses 20 billion monthly transaction milestone in August, valued near Rs 25 lakh crore

UPI had processed close to 15 billion transactions in August 2024, with the platform recording a 33 percent growth year-on-year.