Payment Aggregator

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

30 Jul 2025, 11:49 AM

Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.

Phi Commerce raises $6 million part of Series B round

Phi Commerce raises $6 million part of Series B round

17 Jul 2025, 11:25 AM

With this, the total funding raised by the Pune-based payment aggregator company is about $20 million.

Infibeam Avenues completes Rs 700 crore rights issue

Infibeam Avenues completes Rs 700 crore rights issue

16 Jul 2025, 12:24 PM

The funds will help bolster its financial position and allow it to invest in crucial growth sectors, including artificial intelligence products.

EximPe gets in-principle licence to operate as cross-border payment aggregator

EximPe gets in-principle licence to operate as cross-border payment aggregator

15 Jul 2025, 14:52 PM

The licence will help the company enable cross-border transactions for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets.

Exclusive: Former PayU CBO Sudhir Sehgal joining Paytm, say sources

Exclusive: Former PayU CBO Sudhir Sehgal joining Paytm, say sources

05 Jun 2025, 10:54 AM

Sudhir Sehgal is set to join Paytm Payments Services Limited as Chief Operating Officer.

PayPal, Worldline get RBI approval to operate as cross-border PA

PayPal, Worldline get RBI approval to operate as cross-border PA

29 May 2025, 17:17 PM

Earlier this year, two startups Skydo and BriskPe were granted in-principle authorization to act as a cross-border payment aggregator (PA-CB).

Razorpay flips back to India at a $150 million cost

Razorpay flips back to India at a $150 million cost

29 May 2025, 17:00 PM

The development comes weeks after Razorpay officially restructured itself into a public limited company, a key step toward its anticipated IPO.

Infibeam Avenues posts jump in FY25 revenue and net profit

Infibeam Avenues posts jump in FY25 revenue and net profit

29 May 2025, 14:57 PM

The payment aggregator's Q4 FY25 revenue from operations increased year-over-year to Rs 1,160 crore, from Rs 716 crore in Q4FY24.

Exclusive: PayU receives final nod from RBI to operate as payment aggregator

Exclusive: PayU receives final nod from RBI to operate as payment aggregator

13 May 2025, 18:56 PM

The Gurugram-based fintech received an in-principle approval from the central bank in April 2024 to operate as a payment aggregator.

BillDesk reports decline in FY24 revenue, profits

BillDesk reports decline in FY24 revenue, profits

13 May 2025, 13:04 PM

BillDesk posted a 14.8% drop in profit to Rs 121 crore in FY24, from Rs 142 crore in FY23.

MobiKwik

MobiKwik's Zaakpay gets final nod from RBI to operate as payment aggregator

30 Apr 2025, 22:32 PM

In October 2023, the firm had received in-principle authorization from the RBI to operate as a payment aggregator.

Razorpay converts into public entity amidst reverse flipping back to India

Razorpay converts into public entity amidst reverse flipping back to India

20 Apr 2025, 20:55 PM

This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.

PB Fintech gets RBI

PB Fintech gets RBI's in-principle nod to operate as payment aggregator

16 Apr 2025, 11:41 AM

In March 2024, the company announced incorporation of a wholly owned subsidiary under the name of 'PB Pay' to carry on the business of payment aggregator.

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

16 Apr 2025, 10:30 AM

Anchliya replaces Vikas Guru, who served as CFO at Cashfree for nearly four years.

BharatPe secures final RBI nod to operate as payment aggregator

BharatPe secures final RBI nod to operate as payment aggregator

10 Apr 2025, 02:25 AM

The Delhi-based digital payments giant received its in-principle approval from the central bank in January 2023.

Easebuzz raises $30 million funding led by Bessemer Venture Partners

Easebuzz raises $30 million funding led by Bessemer Venture Partners

07 Apr 2025, 16:11 PM

The round, which is a mix of primary (Rs 200 crore) and secondary financing (Rs 40 crore), also included existing investors 8i Ventures and Varanium Capital.

Exclusive: Paytm’s payment aggregator unit fires all senior executives

Exclusive: Paytm’s payment aggregator unit fires all senior executives

04 Apr 2025, 15:08 PM

Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.

Orchestrating an Exit: Why payment aggregators are moving away from Juspay

Orchestrating an Exit: Why payment aggregators are moving away from Juspay

02 Apr 2025, 11:36 AM

Razorpay, Cashfree, Paytm, and PhonePe are taking control back, ditching third-party routers. But what about merchants—are they embracing the change or caught in the chaos?

Infibeam Avenues restructures UAE unit as it plans ADX listing

Infibeam Avenues restructures UAE unit as it plans ADX listing

12 Mar 2025, 17:21 PM

The restructuring involves transferring the mirror shareholding in Avenues World FZ-LLC to Infibeam Avenues ME SPV Ltd, a newly formed entity in Abu Dhabi.

Fintech Highlights

  1. UPI transactions hit record 19.47 billion in July

  2. Shark Tank startup Plus Gold shuts shop

  3. Software engineer held in connection with $44 million CoinDCX crypto hack

  4. PB Fintech revenue slips sequentially to Rs 1348 crore in Q1 FY26

  5. MobiKwik's Q1 FY26 revenue falls 21% yoy amid financial services slowdown
  6. Read more news...

AI/Emerging Tech

  1. AI startup Anaconda raises $150 million in Series C led by Insight Partners

  2. India, China fuel Asia’s GenAI app downloads to 684 million in H1 2025

  3. Thinking Machines Lab employees rebuff Meta's offer as high as $1 billion

  4. OpenAI launches study mode in ChatGPT amid brain rot backlash

  5. Skild AI launches general-purpose AI model for multi-purpose robots
  6. Read more news...

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