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In August, PhonePe accounted for a 45.64% share of UPI transaction volume, followed by Google Pay at 32.26% and Paytm at 8.03%.
At Bessemer, he will invest at the early stage across AI, consumer and healthcare sectors.
Existing investors Z47 and Lok Capital participated in the round along with Norinchukin Capital and Alteria Capital.
The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
The funding round was co-led by Fidelity Management & Research Company and Amplify Partners.
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
AutoPe Payment Solutions earlier used to run and manage IRCTC's i-Pay offering. The mandate is now won by another payments company.
The agency said the total value of proceeds of crime attached, frozen and seized during the investigation so far stands at around Rs 2,843 crore.
The funding round saw participation from Foundation Capital.
The listing followed NSE’s Rs 22,561 crore IPO, which was subscribed 5.71 times.
The IPO marks the end of NSE’s nearly decade-long wait to go public, after its first IPO attempt in 2016 was stalled by regulatory proceedings.
PB Fintech has also authorised a capital infusion of up to Rs 10 crore into PB Wheels Pvt Ltd and Rs 1 crore into PB Financial Account Aggregators Pvt Ltd.
The association plans to expand India’s angel investor base from around 1 lakh currently to 1 million.
NPCI’s surplus (profit) declined 32% to Rs 991 crore in FY26 from Rs 1,461 crore in the previous fiscal.
The board is scheduled to meet on September 17 to evaluate various fundraising options, including the issuance of equity shares, warrants, convertible securities, or other approved instruments.
The government has, however, specified that banks and other system providers cannot impose any charge on RuPay-powered debit cards and UPI payments of up to Rs 2,000.
August was defined by Trump’s crypto push, US regulatory moves, stablecoins and India’s tokenisation ambitions.
The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
