Paytm secures RBI’s in-principle approval for PPI licence
In July, The Head and Tale had exclusively reported that Paytm's payment aggregator unit had applied for a fresh wallet licence.
Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Payments.
In July, The Head and Tale had exclusively reported that Paytm's payment aggregator unit had applied for a fresh wallet licence.
The new consolidated framework tightens cybersecurity obligations for non-bank payment operators, mandating annual system audits and faster reporting of cyber incidents.
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 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.
With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
The approval follows Navi’s announcement in August 2026 that it had raised $100 million from Prosus in its first institutional funding round.
The company’s total expenditure increased 16% to Rs 770 crore during the quarter from Rs 662 crore in the year-ago period.
Paytm also said that there will be a "potential upside" of merchant discount rate (MDR), which is expected to be implemented after Diwali.
Manish was arrested on April 17, 2026 by the Directorate General of GST Intelligence (DGGI), Ghaziabad Unit, under multiple provisions of the CGST Act, 2017.
Digital gold purchases value via UPI increased to Rs 2,585.35 crore in September from Rs 2,488.52 crore in August.
The UPI MDR rollout, which was announced from October 15, will be implemented post Diwali.
With NPCI also holding meetings with government departments, uncertainty over the October 15 rollout continues, sources say.
The proposed introduction of a Merchant Discount Rate (MDR) on UPI transactions, which was starting from October 15, is likely to be deferred to January.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
"Apple Pay is launching on Wednesday, starting with supporting credit cards from Axis Bank," one of the sources said.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
Cashfree, which had attracted fresh venture funding early last year, has been on the block for the last three to four months.