Money & Machines

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

01 Sep 2025, 12:02 PM

In today’s edition, we uncover the messy underbelly of India’s gaming ban and its deep ties to UPI; and can RBI’s FREE-AI framework finally push finance into the AI age?

Journalism was already dying — AI wasn't the culprit

Journalism was already dying — AI wasn't the culprit

01 Sep 2025, 11:48 AM

For this special edition, instead of dissecting business, we’re reflecting on something more personal — the state of journalism in the age of AI.

IRCTC enters payments where giants bleed; RIP of RIP in AI

IRCTC enters payments where giants bleed; RIP of RIP in AI

01 Sep 2025, 11:45 AM

We dig into the payments ambitions of IRCTC; and the curious haste with which some social media “gurus” are declaring entire professions dead because of AI.

Fintech founders shaping policy; India on AI map?

Fintech founders shaping policy; India on AI map?

01 Sep 2025, 11:41 AM

In today's newsletter we have our take on Sahil Kini's shift from startup founder to policymaker, and India's journey towards potentially becoming the third pole in the AI universe.

Fintech Highlights

  1. PhonePe gets final payment aggregator licence from RBI

  2. AU Small Finance Bank partners with Kiwi for RuPay-powered credit card

  3. PayU India becomes majority shareholder in Mindgate

  4. Cred unveils 18-karat gold invite-only credit card 'Sovereign'

  5. FinBox raises $40 million in Series B round led by WestBridge Capital
  6. Read more news...

AI/Emerging Tech

  1. IPO-bound Fractal among 8 entities added to India's AI Mission

  2. Groq raises $750 million led by Disruptive

  3. OpenAI updating ChatGPT to strengthen teen safety measures amid wrongful death lawsuit

  4. AI startup Hyperbound secures Series A funding led by Peak XV

  5. OpenAI ropes in xAI's former CFO as business finance officer
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality