Search for: Upi

Flipkart infuses $30 million into fintech arm Supermoney

Flipkart infuses $30 million into fintech arm Supermoney

24 Sep 2025, 14:17 PM

The move comes a year after Flipkart spun off the venture with an initial $20 million investment.

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

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

18 Sep 2025, 15:10 PM

The credit card offers lifetime free usage, rewards on all spends, fuel surcharge waivers, and scan-and-pay convenience through UPI-enabled merchant QR codes.

PayU India becomes majority shareholder in Mindgate

PayU India becomes majority shareholder in Mindgate

18 Sep 2025, 14:01 PM

Prosus' latest annual report had showed that it added another 26.5% stake to raise its ownership to 70% for $72 million.

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

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

07 Sep 2025, 15:53 PM

Digital goods: games also saw UPI payments decline to Rs 7,441 crore in August, from Rs 10,076 crore in July.

What India

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?

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

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

29 Aug 2025, 11:11 AM

The newly launched Unity Bank BharatPe Credit Card is built on the NPCI RuPay platform.

Exclusive: Stripe UPI collapse hits OpenAI

Exclusive: Stripe UPI collapse hits OpenAI's ChatGPT Go India launch

19 Aug 2025, 23:43 PM

The failure forced OpenAI to suspend UPI as a payment option, just hours after unveiling its ambitious India offering.

UPI

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

11 Aug 2025, 12:35 PM

NPCI has, for the first time, broken down UPI numbers by merchant category.

UPI transactions hit record 19.47 billion in July

UPI transactions hit record 19.47 billion in July

01 Aug 2025, 18:40 PM

The total value of the transactions jumped 22% year-on-year to Rs 25.08 lakh crore.

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

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

30 Jul 2025, 11:49 AM

Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.

Zaggle buys Rio Money to enter credit card on UPI space

Zaggle buys Rio Money to enter credit card on UPI space

29 Jul 2025, 20:29 PM

Zaggle will leverage Rio Money's network of over 3,400 corporate customers to offer the co-branded Yes Bank Rio RuPay Credit Card to over 3.2 million users.

RBI governor hints at potential end to free UPI transactions

RBI governor hints at potential end to free UPI transactions

28 Jul 2025, 20:52 PM

India processed 18.4 billion UPI transactions worth Rs 24.04 lakh crore in June.

In Charts: Amrish Rau

In Charts: Amrish Rau's startup bets

24 Jul 2025, 23:58 PM

With Pine Labs headed for an IPO, CEO Amrish Rau could pocket Rs 800-1,000 crore via OFS. The Head and Tale tracks where else he's poised to cash in.

PayPal partners with India

PayPal partners with India's NPCI, others to launch global payments platform

23 Jul 2025, 15:06 PM

Apart from India's NPCI, PayPal has also partnered with Brazil’s Mercado Pago, Tencent Holdings’ Tenpay Global, and its own subsidiary Venmo.

Flipkart-owned Super.money entering stock broking space

Flipkart-owned Super.money entering stock broking space

18 Jul 2025, 14:29 PM

The Walmart-owned company is also looking to hire engineers and architects - "who are deep into stock markets."

Jupiter Money gets IRDAI approval to enter insurance distribution space

Jupiter Money gets IRDAI approval to enter insurance distribution space

17 Jul 2025, 12:41 PM

The licence allows Jupiter to sell both life and general insurance policies through its app.

PhonePe, Google Pay command 82% of UPI transaction volumes

PhonePe, Google Pay command 82% of UPI transaction volumes

11 Jul 2025, 16:58 PM

PhonePe topped the list, processing 8.55 billion transactions worth Rs 11.99 lakh crore, securing a 46.5% share by volume and nearly half the total transaction value.

NPCI profit jumps 42% to Rs 1,552 crore in FY25

NPCI profit jumps 42% to Rs 1,552 crore in FY25

25 Jun 2025, 13:02 PM

NPCI's standalone revenue grew 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in the previous financial year.

Kamath brothers pick minority stake in InCred Holdings

Kamath brothers pick minority stake in InCred Holdings

23 Jun 2025, 17:46 PM

Earlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd.

At a Glance: Razorpay

At a Glance: Razorpay's M&A activity since its first acquisition in 2019

18 Jun 2025, 22:35 PM

The Head and Tale looks back at those deals struck by Razorpay as the company readies itself for an initial public offering (IPO) in the coming years.

Razorpay picks majority stake in consumer payments platform POP

Razorpay picks majority stake in consumer payments platform POP

17 Jun 2025, 13:58 PM

POP had raised $2.4 million in its seed funding round led by India Quotient and angel investors last year.

RBI vs Government: The battle over India’s digital payments ecosystem explained

RBI vs Government: The battle over India’s digital payments ecosystem explained

28 May 2025, 17:01 PM

A decade-old debate ends with government formalizing oversight of payments through Payments Regulatory Board, redefining roles across RBI, NPCI and fintech.

From Cowrie to Code – A Timeline of Money in India

From Cowrie to Code – A Timeline of Money in India

24 May 2025, 14:06 PM

In our first edition of the Money Trivia series, we explore the Head and Tale of currency — tracing the fascinating evolution of money in India.

PhonePe system faced UPI payment failures due to tech glitch

PhonePe system faced UPI payment failures due to tech glitch

13 May 2025, 13:25 PM

PhonePe co-founder Rahul Chari said that the company has initiated active DR drills, with heightened cybersecurity measures on its network firewall.

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

30 Apr 2025, 23:03 PM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting to review various aspects and the way ahead for the UPI ecosystem.

PhonePe launches UPI Circle

PhonePe launches UPI Circle

16 Apr 2025, 10:45 AM

With UPI Circle, a UPI account holder can add their family/trusted individuals to their circle using UPI ID/QR code and authorize payments for them.

RBI allows NPCI to revise UPI limit for merchant transactions

RBI allows NPCI to revise UPI limit for merchant transactions

10 Apr 2025, 01:21 AM

P2P transactions on UPI shall continue to be capped at Rs 1 lakh.

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

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

31 Mar 2025, 13:40 PM

While the government insists UPI is free, hidden charges, unsustainable incentives, and industry frustrations tell a different story.

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

Scoop Confirmed: PayU picks strategic stake in Mindgate Solutions

20 Mar 2025, 22:03 PM

As a part of this deal, PayU will acquire a 43.5% stake in Mindgate, while the majority ownership will remain with the company's founders.

Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive

Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive

12 Mar 2025, 20:24 PM

Prithvi Raj Tejavath, business head - investments, Vivek Agarwal, operations platform head - investments, and Aastha Sood, director-products have resigned from the Bengaluru-based fintech.

InCred Finance acquires TruCap

InCred Finance acquires TruCap's gold loan business

27 Feb 2025, 00:52 AM

This acquisition will provide InCred Finance with a head-start in the gold loans business, accelerating its go-to-market timeline by 24-36 months.

Infibeam Avenues’ Rediff.com secures UPI payments licence

Infibeam Avenues’ Rediff.com secures UPI payments licence

12 Feb 2025, 19:00 PM

This license from NPCI enables RediffPay to offer Unified Payments Interface (UPI) services to its users.

Exclusive: PayU acquiring UPI infra company for about $100 million

Exclusive: PayU acquiring UPI infra company for about $100 million

21 Jan 2025, 16:45 PM

The acquisition signals PayU's strategic move to gain a competitive edge in the rapidly expanding UPI market.

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

10 Jan 2025, 00:18 AM

The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.

NPCI extends 30% UPI volume cap by two years; removes user limits for WhatsApp Pay

NPCI extends 30% UPI volume cap by two years; removes user limits for WhatsApp Pay

02 Jan 2025, 18:48 PM

Last year, The Head and Tale reported that NPCI was facing difficulty in implementing the 30% cap on UPI market share; and the market was going to miss the December 2024 deadline too.

RBI allows PPI holders to make UPI payments using third party apps

RBI allows PPI holders to make UPI payments using third party apps

27 Dec 2024, 22:22 PM

Currently, UPI payments from/to a bank account can be carried out using the UPI application of that bank or of any third-party application provider.

InCred Finance eyes Rs 4000-5000 crore IPO next year; appoints CFO

InCred Finance eyes Rs 4000-5000 crore IPO next year; appoints CFO

24 Dec 2024, 22:48 PM

Last week, InCred Finance, the consumer and MSME lending arm of the InCred Group, appointed Gaurav Maheshwari as its chief financial officer.

Exclusive: Adani inks deal with BharatPe

Exclusive: Adani inks deal with BharatPe

13 Dec 2024, 18:15 PM

BharatPe and Adani Group will deploy co-branded UPI QRs across all merchant outlets at Adani-owned Indian airports.

RBI allows small finance banks to offer credit line on UPI

RBI allows small finance banks to offer credit line on UPI

07 Dec 2024, 02:36 AM

RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.

RBI increases UPI Lite transaction limit to Rs 1000

RBI increases UPI Lite transaction limit to Rs 1000

05 Dec 2024, 16:25 PM

The wallet limit for UPI Lite has been raised from Rs 2,000 to Rs 5,000, while the cap for offline transactions has been doubled from Rs 500 to Rs 1,000.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 22:45 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Sachin Bansal

Sachin Bansal's Navi overtakes Cred as fourth largest UPI player

19 Nov 2024, 00:58 AM

Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.

Fintech startup Jupiter sees 5x revenue jump in FY24

Fintech startup Jupiter sees 5x revenue jump in FY24

13 Nov 2024, 00:40 AM

The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.

Amazon Pay reports flat revenue growth, cuts losses in FY24

Amazon Pay reports flat revenue growth, cuts losses in FY24

05 Nov 2024, 02:28 AM

The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.

NPCI asks fintechs to stop ‘unauthorized’ use of UPI IDs

NPCI asks fintechs to stop ‘unauthorized’ use of UPI IDs

24 Oct 2024, 17:42 PM

The unauthorized use of UPI IDs include, accessing customer names, bank account statuses, alternate UPI IDs, and verify customer mobile numbers.

Paytm receives regulator

Paytm receives regulator's approval to add new UPI users, after 10-month ban

23 Oct 2024, 18:24 PM

The onboarding process was suspended in February this year due to directives from the Reserve Bank of India (RBI).

Navi achieves 5th spot in UPI app ranking in September

Navi achieves 5th spot in UPI app ranking in September

23 Oct 2024, 17:48 PM

PhonePe controls 48% market share in terms of volume of transactions; Google Pay (37.4%) and Paytm (7%).

UPI 30% volume cap to even miss December 2024 deadline

UPI 30% volume cap to even miss December 2024 deadline

19 Feb 2024, 22:03 PM

In April 2024, PhonePe held 48.3% market share in terms of the total UPI volume processed; while Google Pay captured 37.4% share.

Who Reads Us

Fintech Highlights

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  2. India's payments revolution faces a new test: Securing a growing ecosystem

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

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  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
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AI/Emerging Tech

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  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
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Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

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  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

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