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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.

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, 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.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

30 Jun 2025, 06:30 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, 10:22 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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Fintech Highlights

  1. Turtlemint FY26 revenue up 57% to Rs 1,098 crore

  2. Scapia launches Rs 20 crore ESOP buyback

  3. Veriqus secures Rs 387 crore funding led by Norwest Venture Partners

  4. Paytm shelves bonus share proposal, commits Rs 100 crore to Paytm Money

  5. Paytm’s Q1 FY27 revenue up 28% to Rs 2,448 crore, profit rises 79%
  6. Read more news...

AI/Emerging Tech

  1. FireAI raises fresh funding from existing investor SucSEED

  2. Thinking Machines Lab launches its first AI model Inkling

  3. SwitchOn secures pre-Series B funding led by IvyCap Ventures

  4. KuhlTherm bags seed funding led by Arkam Ventures

  5. Emergent raises Series C funding round led by Creaegis at unicorn valuation
  6. Read more news...

IPO Tales

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

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

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
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Money & Machines

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

  2. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge

  3. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  4. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]
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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?
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  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]