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Apple Pay expected to go live in India today
"Apple Pay is launching on Wednesday, starting with supporting credit cards from Axis Bank," one of the sources said.
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Big Breaking: NPCI sets MDR on UPI transactions above Rs 2,000 at 0.4%
The NPCI framework also proposes a flat Rs 5 MDR on UPI transactions above Rs 2,000 for specified merchant categories.
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PayU sues Yes Bank, ICICI Bank, Visa over MCC misuse. HC asks RBI to mediate
In its order, the Delhi HC has asked the RBI to depute a senior officer to help the parties reach a resolution within 30 days.
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Exclusive: RBI extends payment aggregator merchant KYC deadline by six months, sources say
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
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Exclusive: Credit Saison shuts down fintech lending infra unit Aumnee
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
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A year of ChatGPT Go: 100 million users, but can OpenAI make money in India?
A year after launching ChatGPT Go in India, Sam Altman-led OpenAI has gone far beyond selling a cheaper subscription, building partnerships and local talent...
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The Fine Print Behind the UPI MDR Debate
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
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Exclusive: Tata Group surrenders payments licenses
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
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BharatPe gets interim relief against Unity Bank, Centrum in shareholding dispute
BharatPe objected to Unity Bank's proposal that sought to amend the MoA to facilitate the conversion of some 90 crore warrants into CCPS.
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Paytm, Navi, Cred, others urge NPCI to 'reconsider' UPI Meta proposal
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
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Exclusive: Paytm applies for wallet licence from Reserve Bank of India
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
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Exclusive: Sequoia-backed Aspora invests in small finance bank
Aspora, which aims to become neobanks for NRIs, built its tech infra for NRI banking in 2024. But...
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Cred raising $900 million from Meta; Kunal Shah joins as WhatsApp CEO
Kunal Shah is stepping away from his operating role as CEO; whereas Miten Sampat will take over the role of interim CEO at Cred.
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Exclusive: Paytm enterprise payments exec on his way out
The exit comes at a time when the Noida-based fintech giant has been navigating a significant organizational and regulatory overhaul.
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From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown
Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.
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Reserve Bank of India cancels Paytm's Payments Bank licence
The RBI, in its note, said the "general character of the management of the bank is prejudicial to the interest of depositors as also the public interest."
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Stock broker Groww quietly surrenders payment aggregator licence
The development comes less than two years after securing a coveted payments licence, and barely two months after the company going public.
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Breaking: Fino Payments Bank MD and CEO Rishi Gupta granted bail
The development comes three days after the Telangana High Court dismissed a writ petition filed by Gupta, challenging his arrest.
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Neosapien: Three near shutdowns and a 'second brain' bet
NeoSapien survived three near shutdowns before launch, highlighting how brutal fundraising remains for India’s early-stage hardware startups.
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HDFC Bank chairman Atanu Chakraborty quits; Keki Mistry takes charge
Chakraborty cited practices within the bank that did not align with his personal values and ethics.
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