Digital Payments

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

12 Sep 2025, 20:06 PM

The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.

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.

IRCTC enters payments where giants bleed; RIP of RIP in AI

IRCTC enters payments where giants bleed; RIP of RIP in AI

01 Sep 2025, 11:45 AM

We dig into the payments ambitions of IRCTC; and the curious haste with which some social media “gurus” are declaring entire professions dead because of AI.

NPCI, Cred join PCI Security Standards Council

NPCI, Cred join PCI Security Standards Council's first India-South Asia regional engagement board

28 Aug 2025, 16:58 PM

About 27 organisations, including NPCI, Cred, Axis Bank, HDFC Bank, SBI Cards, Google, and Zeta have joined as members of the 2025-26 board.

Payments Council of India reappoints CCAvenue

Payments Council of India reappoints CCAvenue's Vishwas Patel as chairperson

21 Aug 2025, 14:46 PM

M N Srinivasu, co-founder and director, BillDesk has been re-appointed as the co-chairperson of the Payments Council of India.

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

13 Aug 2025, 02:14 AM

Jio's payment aggregator arm, led by ICICI Bank veterans, is tapping deep banking ties and Reliance's war chest to take on India's biggest fintech players.

Exclusive: Paytm gets in-principle approval from RBI to operate as payment aggregator

Exclusive: Paytm gets in-principle approval from RBI to operate as payment aggregator

12 Aug 2025, 20:46 PM

The approval comes barely a week after Ant Group's Antfin, backed by Chinese giant Alibaba, offloaded its entire 5.84% stake in Paytm.

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.

Infibeam transferring e-commerce biz to subsidiary Rediff

Infibeam transferring e-commerce biz to subsidiary Rediff

08 Aug 2025, 17:00 PM

As part of this Rs 800 crore 'related-party transaction' deal, Infibeam is also increasing its stake in Rediff to 82.7%.

IRCTC gets RBI nod to operate as payment aggregator

IRCTC gets RBI nod to operate as payment aggregator

06 Aug 2025, 11:42 AM

Now, IRCTC will be able to process and settle online payments initiated on its railway ticketing platform.

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.

MobiKwik

MobiKwik's Q1 FY26 revenue falls 21% yoy amid financial services slowdown

01 Aug 2025, 12:19 PM

The financial services revenue dropped massively on yoy basis to Rs 58 crore from Rs 170 crore posted during Q1 FY25.

It

It's official: Euronet acquires CoreCard in stock swap deal for $248 million

31 Jul 2025, 12:03 PM

In February, The Head and Tale was the first to report that Euronet is in talks to acquire CoreCard.

Fintech Highlights

  1. RBI secures massive Mumbai land deal to house new office

  2. BeyondSquare Solutions secures $4 million in Series A funding led by Avant Global Corp

  3. Pelocal bags $5 million in Series A funding

  4. Pine Labs gets SEBI nod for IPO

  5. RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses
  6. Read more news...

AI/Emerging Tech

  1. OpenAI ropes in xAI's former CFO as business finance officer

  2. Micro1 raises Series A funding led by VC firm founded by former X executives

  3. OpenAI set for restructure under non-binding deal with Microsoft

  4. Mistral AI attracts $2 billion in Series C led by ASML

  5. Cognition AI raises $400 million in new funding led by Founders Fund
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

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
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