Unified Payments Interface

NPCI profit jumps 42% to Rs 1,552 crore in FY25

NPCI profit jumps 42% to Rs 1,552 crore in FY25

25 Jun 2025, 13:02 PM

NPCI's standalone revenue grew 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in the previous financial year.

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

30 Apr 2025, 23:03 PM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting to review various aspects and the way ahead for the UPI ecosystem.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 23:13 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Fintech Highlights

  1. Partners Group to pick majority stake in Infinity Fincorp for Rs 1,950 crore

  2. Ex-Niyo team floated fintech startup Belong bags seed funding led by Elevation

  3. Credit Wise Capital secures Rs 200 crore funding led by Trident Growth Partners

  4. InPrime Finserv bags fresh funding led by Pravega Ventures

  5. Sahil Kini appointed as CEO of Reserve Bank Innovation Hub
  6. Read more highlights...

AI/Emerging Tech

  1. Microsoft saves $500 million with AI while cutting jobs

  2. Elon Musk's xAI launches newest version of AI chatbot Grok 4

  3. Perplexity launches AI-powered web browser Comet

  4. OpenAI hires from Meta, xAI, Tesla in escalating battle for AI talent

  5. Google rolls out AI Mode in India amid competition from ChatGPT, others
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case