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PhonePe says dormant wallet fee will not impact UPI, bank accounts

PhonePe says dormant wallet fee will not impact UPI, bank accounts

22 Jun 2026, 12:32 PM

The clarification comes after some users received notifications stating that wallets inactive for more than 12 months could attract a maintenance charge of up to Rs 100 per quarter.

Exclusive: UAE Regulator holds back key Paytm licence

Exclusive: UAE Regulator holds back key Paytm licence

25 Oct 2025, 12:18 PM

Paytm had applied to the Central Bank of the UAE for two licences — one covering acquiring and domestic payments, and another for a wallet-type product.

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, 20:06 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.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

30 Jun 2025, 18:30 PM

The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.

RBI allows PPI holders to make UPI payments using third party apps

RBI allows PPI holders to make UPI payments using third party apps

27 Dec 2024, 22:22 PM

Currently, UPI payments from/to a bank account can be carried out using the UPI application of that bank or of any third-party application provider.

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  3. ED raids Safexpay, Decentro, others in online investment fraud probe

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  5. ED searches crypto firms over alleged Rs 2,500 crore FEMA violations
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  3. OpenAI’s Q1 cash burn hits $3.7 billion as it readies for IPO

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  5. Pramaana Labs raises $27 million led by Khosla Ventures
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IPO Tales

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  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

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  2. Money & Machines: RBI's quiet signals; Tamil Nadu's AI act

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PE/VC Tales

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

  2. Micro VCs: Fueling India's startup pipeline or distorting it?

  3. Inside the fintech and financial services bets of Peak XV, Accel, Elevation

  4. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund
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