Apple Pay is launching in India today, nearly 12 years after its US debut, two sources told The Head and Tale. To start with, the iPhone-maker is...
From October 15, UPI transactions above Rs 2,000 will attract a Merchant Discount Rate (MDR) of 0.4%, or 40 basis points. Person-to-person...
In a significant move, the National Payments Corporation of India (NPCI) has issued a notification to the payments ecosystem on merchant discount...
![The MCC mayhem: HDFC Bank enters the scene; PayU sues banks; Razorpay prepares to contest IRF claims [Exclusive]](/upload/theheadandtale.com/2026/09/1789475840_7b2f2e1ea7_mcc_misuse_2.jpg)
The controversy around the merchant category code (MCC) is entering a new phase. What began as a one-off dispute in which one major lender ICICI Bank...
The Delhi High Court has directed the Reserve Bank of India to step in as a mediator in a dispute between payment aggregator PayU and a group of...
PhonePe has secured licences to offer domestic payment services in the UAE, paving the way for the payments major to launch operations in the...
The Reserve Bank of India (RBI) has extended by six months the deadline for payment aggregators (PAs) to complete KYC and due diligence of their...
Siddharth Shah, founder of API Holdings, the parent company of PharmEasy, one of India's heavily venture capital-backed former unicorns, last month...
Small finance bank Slice has raised $100 million in a new funding round at a valuation of around $450-$465 million (Rs 4,000-4,150 crore), a person...
PhonePe has emerged as the lowest bidder for Indian Oil Corporation’s (IOCL) payment terminal mandate, beating close to six-seven bidders, including...
Credit Saison, the Japanese financial services group, has shut down Aumnee, its fintech lending-infrastructure business in India, according to...
In its first institutional funding round, Navi Limited has raised $100 million from Dutch investment firm Prosus. The deal comes as the Sachin...
In this Money & Machines newsletter, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt...
Global card network Visa has invested $4 million in Pune-based payment aggregator Phi Commerce, acquiring a 2.5% stake in the company, two people...
On Tuesday, the government tabled a Bill in Parliament to amend the Payment and Settlement Systems Act, 2007. Over the last few days, we've seen...
In today's Money & Machines edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and on the AI front, we...
Tata Group has exited the regulated payments business. The Reserve Bank of India has cancelled the Certificate of Authorisation issued to Tata...
The Delhi High Court has restrained Unity Small Finance Bank from tabling, discussing or approving a board resolution to increase its authorised...
In today's edition of 'Money & Machines', we write on Ashneer Grover's third attempt at Third Unicorn in three years; and on the AI front, we...
Seven UPI ecosystem players have jointly written to the National Payments Corporation of India (NPCI), asking to "reconsider" its proposed UPI...
