Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Payments.
The funding round also saw participation from existing investors Spark Capital and Pear VC.
The IPO-bound company this week received in-principle approval for two domestic payments licence from the Central Bank of the UAE (CBUAE).
PhonePe said the partnership builds on its Visa device tokenisation offering launched in February 2025.
Circle will also grant Tazapay employees restricted stock units worth an aggregate $25 million after the acquisition closes.
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
The hiring will focus on engineering, product and treasury operations.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
Karthik brings more than 25 years of experience spanning operations, technology, analytics, and risk management.
PayGlocal said that the FinCEN registration will help it build the compliance, banking and payments infrastructure needed to support its US operations.
The service will be available on select devices from Nokia, HMD, Lava International, and Itel Mobile, with more handset partnerships expected in the coming months.
PhonePe has emerged as the lowest bidder, but the economics behind the mandate raise questions about how much the company is willing to pay for growth.
The value of securities brokers and dealer transactions via the unified payments interface (UPI) jumped 21.01% month-on-month to Rs 73,752.37 crore in July from Rs 60,945.24 crore in June.
Sinha, currently an independent director at Airtel Payments Bank, will take charge from October 1 for a three-year term.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
Global card network Visa is looking to offer issuing and acquiring solutions to banks globally, according to a source.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.
