Search for: Npci

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

13 Aug 2025, 13:20 PM

The year 2016 will be remembered by most Indians for queuing up for hours outside ATMs and banks following Prime Minister Narendra Modi’s decision to ...

UPI's July leaders: 3 billion grocery payments, Rs 93,857 crore in debt collections

11 Aug 2025, 13:05 PM

Groceries and supermarkets stood out as the highest transacting categories in UPI (Unified Payments Interface) payments, recording over three billion tr...

UPI’s Zero-MDR (Illusion) Model is Cracking – Who’s Really Paying the Price?

15 Aug 2025, 22:04 PM

"Well, until it's actually brought back, I don’t believe in anything. For years, they’ve been giving hope of bringing it back.”...

Fintech infra firm OneStack raises $2 million in Series A

25 Jul 2025, 12:28 PM

OneStack, a fintech platform for cooperative banks, has raised $2 million in Series A funding led by Pentathlon Ventures, with participation from Yatra ...

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

25 Jul 2025, 12:26 PM

Payments major PayU has acquired a strategic stake in Mindgate Solutions. As a part  of this deal, PayU will acquire a 43.5% stake in Mindgate, whi...

Navi achieves 5th spot in UPI app ranking in September

25 Jul 2025, 12:28 PM

Oct 14: Navi has entered the top five UPI apps as of September 2024, a month that marked a major milestone for the Unified Payments Interface (UP...

Flipkart infuses $30 million into fintech arm Supermoney

24 Sep 2025, 14:17 PM

Walmart-backed Flipkart has committed $30 million to its fintech arm, Supermoney, as part of a broader plan to strengthen its presence in digital financ...

UPI in August: Debt collections, digital goods games, securities brokers see sharp value drop

07 Sep 2025, 15:54 PM

According to a merchant category-wise data released by National Payments Corporation of India (NPCI) for the month of August 2025, total number of UPI t...

The shadow economy of online gaming: How money moves beyond the screen

16 Sep 2025, 10:59 AM

“I gave a contract to someone to build my house in my village in Odisha. The contractor gave Rs 6 lakh to one of his staff for mater...

BharatPe partners with Unity Small Finance Bank for EMI-driven credit card

29 Aug 2025, 11:51 AM

Fintech company BharatPe has partnered with Unity Small Finance Bank to introduce a credit card product that prioritizes installment-based spending and ...

Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

21 Aug 2025, 14:46 PM

The Payments Council of India, the representative body for India’s regulated non-bank payments industry, said it has appro...

UPI transactions hit record 19.47 billion in July

01 Aug 2025, 18:40 PM

India's Unified Payments Interface (UPI) recorded its highest-ever monthly transaction of 19.47 billion in July, up 35% year-on-year according to the Na...

Zaggle buys Rio Money to enter credit card on UPI space

29 Jul 2025, 20:29 PM

Prepaid card fintech Zaggle Prepaid Ocean Services Limited has acquired Rio Money for Rs 22 crore. Through this acquisition, the public-listed company a...

PhonePe acquires Gupshup's GSPay IP to launch UPI on feature phones

25 Jul 2025, 12:28 PM

PhonePe has has acquired GSPay technology stack from messaging platform Gupshup, to introduce UPI-based payments for feature phones.

PhonePe system faced UPI payment failures due to tech glitch

25 Jul 2025, 12:28 PM

Payments giant PhonePe reported a technical glitch in its system that led to transaction failures on its platform. Confirming the glitch, PhonePe co-fou...

Small businesses say GSUnite duped them with false promises; company denies claims

16 Sep 2025, 13:18 PM

Update: A month after the story was published, we received GSUnite’s responses on April 10. We’ve included them in full at the end of this art...

Exclusive: Apple Card processor CoreCard considers strategic sale

31 Jul 2025, 08:10 AM

CoreCard, a US-based credit card processing and management solutions provider, is weighing a sale amid growing industry shifts, with a g...

Exclusive: Adani inks deal with BharatPe

25 Jul 2025, 12:26 PM

Adani Group has signed an agreement with fintech giant BharatPe to advance its payments ambitions, two people aware of the matter told The Head and T...

RBI allows small finance banks to offer credit line on UPI

25 Jul 2025, 12:28 PM

The Reserve bank of India (RBI) has allowed small finance banks to offer the credit line on Unified Payment Interface (UPI). 

Cred sells Happay to MakeMyTrip

25 Jul 2025, 13:02 PM