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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, 17:47 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, 21:23 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, 16:23 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, 20:24 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, 18:20 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. Neo Group raises Rs 350 crore in funding round led by Peak XV Partners

  2. Kissht gets AMFI registration for mutual fund distribution biz

  3. Finova Capital FY26 revenue up 21% to Rs 921 crore, net profit falls 11%

  4. Groww Q1 revenue up 66% to Rs 1,501 crore, net profit surges 94%

  5. InsuranceDekho targets September DRHP filing for Rs 2,500-3,000 crore IPO
  6. Read more news...

AI/Emerging Tech

  1. Thinking Machines Lab launches its first AI model Inkling

  2. SwitchOn secures pre-Series B funding led by IvyCap Ventures

  3. KuhlTherm bags seed funding led by Arkam Ventures

  4. Emergent raises Series C funding round led by Creaegis at unicorn valuation

  5. E3 Electric.Ai raises Series A funding led by BluVenture Holdings
  6. Read more news...

IPO Tales

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

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

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
  5. Read more news...

Money & Machines

  1. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge

  2. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  3. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

  4. Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze
  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

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

  3. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  4. Micro VCs: Fueling India's startup pipeline or distorting it?
  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]