Page 2 - Ajinkya Kawale

Fintech major PhonePe eyes replicating UPI success via diversification

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

RBI enhances UPI Lite wallet limits, updates offline payments framework

Earlier, the per-transaction limit and wallet limit for transactions made through Unified Payments Interface (UPI) Lite were set at Rs 500 and Rs 2,000, respectively

RuPay credit card UPI transactions double in first seven months of FY25

The National Payments Corporation of India, which runs the real-time payments system Unified Payments Interface (UPI), launched the RuPay credit card programme in 2017

PhonePe discontinues its partnership with payment aggregator Juspay

The move will allow the Walmart-backed fintech firm to offer an integrated payment flow-from transaction origination to final settlement-to the merchants it services

PhonePe aims to replicate UPI success across expanding financial services

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

Ram Janmabhoomi stir picked up after Shah Bano case, says Najeeb Jung

"Knee-jerk reactions of that government brought cascading communalism in this country. Ram Janmabhoomi was a 100-year-old movement, but it gained momentum after the Shah Bano case," he said

B2B supply chain financing platform Mintifi raises $80 million from Prosus

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

Regulation-first approach to drive success for fintechs: Paytm founder, CEO

He added that it is the responsibility of entities in the financial services domain to ensure the safety of users through measures involving customer education

Nasscom, DIFC sign MoU to foster cross-border technology partnerships

As part of the MoU, the industry bodies will exchange sectoral insights and development strategies with each other

A year after RBI notified PA-CB norms, only four entities receive licence

PAs-CB are entities that enable cross-border payment transactions for import and export

FACE's ambitious goal: Uniting 75% of fintech players in three years

One of the major focus areas for the SRO-FT includes improving communication among members regarding compliance and regulation

Indians see wallets drain by Rs 485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

Unauthorised fintechs, compliance changes pose major risks for sector

Organisations assess other challenges, such as talent, transparency, and grievance redressal, as negligible risks in their operations

Indian tech eyes $25 billion goldmine in embedded finance: Report

Large user bases make platforms ideal for integrating the financial services. The industry lending category is the one with highest relevance for integrating financial services

Crypto or not: Industry to focus on user protection, licensing regime

A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder

Flipkart's Binny Bansal steps down from fintech major PhonePe board

In January this year, Bansal also stepped down from Flipkart's board. He had been on the PhonePe board since 2016, when the Flipkart group acquired the payments firm

One-third of organisations report data breaches costing over $1 mn in 3 yrs

While most firms have expanded their investment in GenAI, it has expanded their attack surface due to challenges in merging it with cybersecurity strategies

Migrating low-ticket payments to UPI Lite key to easing system pressure

UPI Lite allows low-value transactions without requiring a PIN and are carried out without utilising a remitter bank's core banking systems

Maharashtra Assembly elections: Mumbai's industry leaders turn up to vote

Overall, voting in 288 constituencies across the state was carried out with over 100,000 polling stations. As of October 30, 2024, the state's total eligible voters stood at over 97 million

Better pricing for farm produce on election agenda for Maharashtra farmers

After a long wait, this onion-producing belt has finally seen an increase in prices for their produce, which hovered around Rs 2,000 per quintal last year