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Exclusive: Tata Group surrenders payments licenses

Exclusive: Tata Group surrenders payments licenses

31 Jul 2026, 03:59 PM

The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.

Exclusive: Paytm applies for wallet licence from Reserve Bank of India

Exclusive: Paytm applies for wallet licence from Reserve Bank of India

09 Jul 2026, 01:55 PM

The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.

Junio gets RBI approval to operate as PPI provider

Junio gets RBI approval to operate as PPI provider

06 Nov 2025, 12:50 PM

The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).

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, 08:06 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.

Zaggle buys Rio Money to enter credit card on UPI space

Zaggle buys Rio Money to enter credit card on UPI space

29 Jul 2025, 08:29 PM

Zaggle will leverage Rio Money's network of over 3,400 corporate customers to offer the co-branded Yes Bank Rio RuPay Credit Card to over 3.2 million users.

Zaggle to acquire 45.33% in PoS firm Effiasoft for Rs 36.72 crore

Zaggle to acquire 45.33% in PoS firm Effiasoft for Rs 36.72 crore

28 Mar 2025, 08:51 PM

Zaggle said it received the approval from its board to acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao.

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

14 Nov 2024, 01:13 AM

The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.

Who Reads Us

Fintech Highlights

  1. Government introduces Bill to enable future changes to MDR on UPI, RuPay debit cards

  2. Fundamentum doubles down as Stable Money kicks off Series C fundraising

  3. Avanse Q1 FY27 standalone revenue up 18% to Rs 760 crore

  4. Razorpay hires engineering leaders from Microsoft, Salesforce, CRED, Divyam.ai to bolster AI push

  5. Mintoak acquires Dubai's ICC Loyalty to expand banking rewards offerings
  6. Read more news...

AI/Emerging Tech

  1. Capillary Technologies Q1 FY27 revenue up 43% to Rs 256 crore

  2. Former Swiggy, Zomato execs' AI startup Profound bags seed funding

  3. Kily bags Rs 30 crore funding led by Sorin Investments

  4. Sarvam AI raising $74 million in extended Series B funding led by Nvidia

  5. Drone startup SUIND bags seed funding led by Transition VC
  6. Read more news...

IPO Tales

  1. Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?

  2. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  3. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  4. Shiprocket IPO: A profitable core, costly emerging bets
  5. Read more news...

Money & Machines

  1. Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals

  2. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  3. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  4. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

  2. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  3. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  4. Micro VCs: Fueling India's startup pipeline or distorting it?
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]