Page 8 - Ajinkya Kawale

Well-regulated, mkt-based mechanism necessary for UPI MDR: Sharath Bulusu

Bulusu explains the rationale behind the need for merchant discount rate (MDR) for UPI, the company's focus on Indian languages, and credit strategy

We have seen over 30% improvement using CoPilot: Razorpay's Brahmadesam

In the fintech sector, we focus a lot on feature development. While doing so, specifically in India, the regulation and the market landscape is constantly changing, he says

Adoption of artificial intelligence in Indian health care on the rise

Use of AI can reduce drug discovery costs, achieve faster time to market, and improve clinical success

Legal bind for cryptocurrency investors caught in WazirX's fine print

The fine print in WazirX's user agreement limits the options available for dispute resolution

Global crypto exchange Binance set to start ops in India after 6 months

Registers as reporting entity with FIU

Fintech co Navi collabs with Karnataka Bank to introduce credit line on UPI

At present, the Sachin Bansal-founded fintech company has introduced the offering to a closed group of select users. It plans to launch it to a wider user base based on feedback

Top 3 players processed 93% of all transactions on UPI in July: NPCI

PhonePe and Google Pay, the two largest players, process about 85 percent of UPI volumes in the country

NPCI incorporates NPCI BHIM Services Ltd as a wholly-owned subsidiary

Former banker Lalitha Nataraj will head the new subsidiary as its chief executive officer (CEO). Nataraj has previously worked with IDFC FIRST Bank and ICICI Bank

PayU-backed Vayana raises $20.5 million in Series D funding round

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Cross-border payments fintech Skydo raises $5 mn from Elevation Capital

The firm had previously raised $5.2 million in a seed round led by Elevation Capital in 2022

B2B healthcare startup HealthCRED raises $1.2 million in seed funding

The firm will utilise the raised capital to expand operations in the southern and western parts of the country

Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital

The capital raised will be used to expand the company's wealth management division and support its asset management business

NPCI to level up UPI play with BHIM spin-off; appoints Nataraj CEO of arm

Lalitha Nataraj previously worked with IDFC FIRST Bank and ICICI Bank

Cross-border UPI payments in Nepal cross 100,000 within six months

Under the arrangement, Indian users in Nepal can make instant UPI payments across stores in Nepal using UPI-enabled applications

Fintech solutions can positively impact income, savings: CEA Nageswaran

Says fintech industry should be aware of the challenges that fintechs may pose to society

New UPI feature to allow multiple users to use one account for transactions

RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction

RBI to set up public repository of digital lending apps to help customers

It will help people find out of a digital lender has a relationship with a bank or NBFC

With GFF coming up, focus on bridging gap between regulators, fintechs

The three-day event comes at a time when the fintech sector, spanning areas such as digital payments, lending, insurance, and wealth, continues to expand in the country

CoinDCX announces customer protection fund days after WazirX heist

CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves

Credit transactions on UPI reaching Rs 10K cr every month: NPCI chief

NPCI's "credit line on UPI", launched last year, offers low-ticket, high-volume retail loans to individuals and businesses