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Ajinkya Kawale

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Articles

Articles

UPI usage holds steady in September despite backlash over new MDR norms

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

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Apple Pay makes India debut, supports Axis credit cards on Visa, Mastercard

Apple Pay makes India debut, supports Axis credit cards on Visa, Mastercard

The service is available on iPhone and iPad at launch, with support for Mac in the works; UPI and RuPay are not supported initially

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MDR on UPI payments: What customers, merchants need to know from Oct 15

MDR on UPI payments: What customers, merchants need to know from Oct 15

From October 15, MDR will apply to certain UPI payments above ₹2,000 made to large merchants, while customers and eligible small vendors will continue to pay no fee

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UPI gets new features: Tap-to-pay, unified window for transaction details

UPI gets new features: Tap-to-pay, unified window for transaction details

New UPI features enable tap-to-pay at PoS terminals and a unified transaction view, while Bharat Connect adds multicurrency capabilities for forex transactions

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WhatsApp deepens fintech play with launch of bill payments in India

WhatsApp deepens fintech play with launch of bill payments in India

The Bharat Connect-powered feature gives users access to 22,722 billers across 30 categories and supports payments through UPI, credit cards and debit cards

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Sachin Bansal-led Navi raises $100 mn from Prosus in maiden funding round

Sachin Bansal-led Navi raises $100 mn from Prosus in maiden funding round

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

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Razorpay builds proprietary AI model Vulcan to boost payment success rates

Razorpay builds proprietary AI model Vulcan to boost payment success rates

Trained across four billion transactions and 3 trillion data points, Vulcan aims to improve payment success rates, detect fraud and personalise the checkout experience.

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Three in four spacetech startups yet to raise equity capital: Tracxn data

Three in four spacetech startups yet to raise equity capital: Tracxn data

Overall annual funding grew fivefold over four years, rising from $43 million across 12 rounds in 2021 to $200 million across 53 rounds in 2025

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WhatsApp Pay doubles UPI volumes, moves ahead of Cred, Amazon Pay

WhatsApp Pay doubles UPI volumes, moves ahead of Cred, Amazon Pay

Meta's payments service processed 167.89 million UPI transactions worth Rs 12,957.07 crore in July, making it the eighth-largest UPI app by volume

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Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

Kiwi broadens UPI credit play with Yes Bank partnership, Postpaid launch

The fintech expects at least 0.5 million users to join its platform to access products such as credit lines on UPI or credit cards on UPI over the next five years.

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