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Singh brings nearly 29 years of experience in the banking sector, having held senior leadership positions at ICICI Bank in India and the UK, as well as SBI UK.
The allegations against the Razorpay directors arise from an SFIO investigation into a network of 33 companies, including Mad Elephant Network Technology.
In July, The Head and Tale had exclusively reported that Paytm's payment aggregator unit had applied for a fresh wallet licence.
India's space-tech startups are attracting billion-dollar valuations and investor interest, but weak revenues and uncertain commercial prospects raise questions about the boom's sustainability.
NPCI's November 11 circular links a new small merchant incentive scheme to UPI MDR implementation, signalling that the rollout could be close.
The new consolidated framework tightens cybersecurity obligations for non-bank payment operators, mandating annual system audits and faster reporting of cyber incidents.
MobiKwik plans to enter the lending business directly, complementing its existing Lending Service Provider (LSP) operations and partnerships with banks and financial institutions.
The round also saw participation from Aranya Holdings and Naandi Ventures, while existing investors AUM Ventures and Shakti VC also invested in the startup.
NTSL will focus on emerging technology areas beyond NPCI's core payments business, including artificial intelligence.
A confidential RBI advisory, dated November 3, sets timelines for implementing safety measures; mandates CERT-In-empanelled audits for NBFCs and beneficiary whitelisting for API-based payouts.
CERT-In identified four AI-driven offensive security tools being used in the campaign: ARTEX, PentAGI, Cairn and CyberStrikeAI.
The committee will be chaired by the Deputy Governor overseeing RBI’s Financial Markets Regulation Department (FMRD).
The funding round is a combination of primary capital and secondary share transactions.
The Bengaluru-based company had confidentially submitted its draft red herring prospectus (DRHP) to the market regulator in June 2026.
The service will be available to users across India, including those who are not existing Fibe customers.
MobiKwik's net profit stood at Rs 11.8 crore in Q2 FY27, compared to a net loss of Rs 28.6 crore in the year-ago quarter.
The round also saw participation from existing investors, including Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC.
Allyson Jenkins, who previously served as Vice President of Public Sector at Pixxel, has been appointed CEO of Pixxel Federal.
With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
![Cashfree in acquisition talks with Pine Labs, Paytm [Exclusive]](/upload/theheadandtale.com/2026/05/1779707445_46c9125b8c_cashfree.jpg)
Cashfree, which had attracted fresh venture funding early last year, has been on the block for the last three to four months.
