Ajinkya Kawale

Small ticket transactions drag avg retail payments value by 48% in 3 years

The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)

Crypto wrap 2024: Bitcoin, altcoins remain popular among Indian investors

The recent Bitcoin rally in December saw the cryptocurrency surge past the $100,000 mark, drawing Indian investors to homegrown crypto exchanges

PPI wallets register 20% drop to 1.14 bn in November, says RBI data

But prepaid payment instrument cards grow on a smaller base

Indian businesses turn to data analytics, ML to fight fraudulent practices

A recent report from PwC found that Indian businesses report a much higher incident of financial crimes than their global peers

Fintech disbursements rise 21.3% in H1FY25, disbursal value grows 40%

Disbursals were also higher by 9.5 per cent from 51.5 million in H2FY24, according to data by the first self-regulatory organisation in fintechs

Oyo completes US-based G6 Hospitality acquisition for $525 million

The deal is expected to increase Oyo's earnings before interest, taxes, depreciation and amortisation (Ebitda) to over Rs 2,000 crore in FY26

Razorpay announces ESOPs of Rs 1 lakh each for over 3,000 employees

The payments fintech is currently in the process of reverse flipping from the United States (US) to India. The firm expects to complete the domicile shift sometime in 2025

B2B payments firm Infibeam Avenues to roll out RediffPay after NPCI nod

This is the first step in the company's foray into consumer facing businesses

Number of UPI apps grows in 2024, yet top two command maximum market share

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

Indian technology startup scene in 2024: More unicorns, more exits

Technology startups raised $11.3 billion, a six per cent increase from $10.7 billion raised in 2023

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain around 40%

These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday

Come 2025 and you may be able to use UPI in 6 more countries in the world

NPCI is looking to go live with UPI in geographies relevant to Indian tourists, such as Qatar, Thailand, and the broader Southeast Asian region

Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte

Insufficient understanding of the technology among challenges for Indian companies, it says

NPCI cautions users against digital frauds, highlights 'common tricks'

The apex payments body has cautioned citizens to identify such scams based on themes such as unexpected calls from alleged government officials

About 4 out of 10 individuals in rural, semi-urban India prefer UPI: Report

Yet UPI is the most preferred mode of financial transactions in such regions

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report

RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms

Flipkart-backed super.money plans credit and wealth management push

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November

WazirX parent seeks court approval for creditors' meeting, recovery scheme

The meeting would enable the company to present a scheme of arrangement for the recovery of lost funds to its creditors and bring it to a vote, subject to the court's approval

Mintifi raises $180 mn in Series E from TVG, Prosus, and Premji Invest

The company works with over 300 brands in India, including Asian Paints, Varun Beverages, Parle Products, Honda, and Shree Cement, among others