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    • 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

    • AI summit: Razorpay, NPCI pilot AI-backed, fully automated conversational food and grocery orders using UPI

      The UPI Reserve Pay feature lets users approve UPI spending limits and complete purchases through AI conversations

    • Payments firm Pine Labs partners OpenAI to build conversational AI tools for merchants

      The companies said that AI tools will help businesses manage settlements, recurring payments and disputes. The platform will be open to developers to build solutions on top of the AI infrastructure

    • AI Summit: NPCI unveils in-house AI model to potentially handle UPI disputes, customer service, regulation and ecosystem queries

      FiMI can potentially assist users with transaction issues, mandates and payment-related queries

    • 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

    • 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

    • RBI approves Rajan Bajaj as MD & CEO of Slice Small Finance Bank

      Founded in 2016, Slice began as a credit and payments platform catering largely to young, digitally savvy consumers.

    • 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

    • 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

    • 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

    • 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

    • 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

    • Dream Money integrates with ONDC for nationwide distribution of mutual funds

      Dream Money is a financial services platform owned by Dream11 parent Dream Sports with over a million users. It aims to offer a suite of financial services and products, including insurance, investments, lending, and other digital distribution services.

    • 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

    • 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

    • 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.

    • 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

    • PB Fintech board to meet on Feb 5 to mull on fundraising via QIP for potential acquisitions

      While the company has not identified any particular target, it is exploring through acquisitions locally as well as internationally

    • PB Fintech net profit jumps 165% in December quarter to Rs 189 crore, revenue up 37%

      total insurance premium stood at Rs 7,965 crore, with new core online insurance premiums growing by 44 percent while new health insurance premiums grew by 79 percent

    • 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

    • Union Budget 2026: Nirmala Sitharaman announces Rs 2,000 crore UPI and RuPay subsidy

      To promote the adoption of digital payments, the government mandated that UPI transactions remain free for users, and in return, it will compensate payment firms for the costs they bear to facilitate them

    • ACKO Life to sell only 'pure protection' life insurance plans, not to sell investment-linked products

      By shedding quasi-investment plans, the digital insurer aims to drive transparency and consumer trust with pure term life cover, it said

    • Economic Survey 2025–26: UPI and Digital Payments widen the credit accessibility and financial inclusion

      The platform is now embedded across grocery purchases, fuel payments, dining, local mobility, bill payments and a widening range of low-value merchant transactions.

    • Pine Labs swings to black with Rs 42-crore net profit in Q3, revenue rises 24%

      The payments firm reverses a Rs 57 crore loss from last year, driven by higher margin business and 29% growth in gross transaction value.

    • Rent payments make a comeback on payment apps, PhonePe stays out ahead of IPO

      While some of the payment companies have restarted the rent payment with work-arounds and caution, IPO-bound PhonePe wants to stay away from any regulatory grey-area

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