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Mcc

The MCC loophole: How it grew into a Rs 3,000 crore problem

The MCC loophole: How it grew into a Rs 3,000 crore problem

09 Jun 2026, 05:47 PM

The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.

Payment aggregators slow utility merchants business after network penalties

Payment aggregators slow utility merchants business after network penalties

22 May 2026, 09:23 PM

Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.

Exclusive: Reserve Bank of India cracks down on misuse of education payments

Exclusive: Reserve Bank of India cracks down on misuse of education payments

27 Feb 2026, 04:23 PM

The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...

Meta unveils Meta Compute in AI infra push

Meta unveils Meta Compute in AI infra push

13 Jan 2026, 08:24 PM

This move reflects broader industry trends, as tech companies compete to build advanced cloud systems capable of supporting generative AI technologies.

Visa

Visa's utility shift; an AI bet that isn't accidental

18 Dec 2025, 06:20 PM

A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.

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.

Who Reads Us

Fintech Highlights

  1. PB Fintech Q1 FY27 revenue up 40% to Rs 1,348 crore, net profit jumps 92%

  2. Elevation Capital offloads Paytm stake worth Rs 2,038 crore via bulk deals

  3. Peak XV, Elevation Capital offload Meesho shares worth Rs 1,949 crore via block deals

  4. GetVantage secures Series A1 funding led by Rajeev Ahuja, SanRaj Group

  5. InRisk Labs raises Series A funding led by Bessemer and Northpoint Capital
  6. Read more news...

AI/Emerging Tech

  1. Solinas Integrity secures Series A1 funding co-led by Mela Ventures, Hero Enterprise Family Office

  2. Capillary Technologies Q1 FY27 revenue up 43% to Rs 256 crore

  3. Former Swiggy, Zomato execs' AI startup Profound bags seed funding

  4. Kily bags Rs 30 crore funding led by Sorin Investments

  5. Sarvam AI raising $74 million in extended Series B funding led by Nvidia
  6. Read more news...

IPO Tales

  1. Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?

  2. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  3. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  4. Shiprocket IPO: A profitable core, costly emerging bets
  5. Read more news...

Money & Machines

  1. Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals

  2. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  3. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  4. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
  5. Previous editions...

PE/VC Tales

  1. 'Traditional fintech SaaS still very valuable', says Cedar Hill Capital's Sahil Anand

  2. Inside the fintech bets of Blume Ventures

  3. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  4. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]