"fintech"

Shares of Block, Inc. surged over 20% after CEO Jack Dorsey announced 4,000 layoffs, citing artificial intelligence-driven efficiency. Investors welcomed the restructuring as the fintech firm reported strong quarterly profit growth

VIYONA has received UIDAI’s OVSE certification, enabling offline Aadhaar-based identity verification without real-time database access. The approval strengthens privacy safeguards, accelerates paperless KYC processes and enhances digital onboarding across banking, fintech and enterprise sectors in India.

Young investors are entering financial markets at record levels, driven by digital platforms that prioritise speed over judgment

Ravindranath Yarlagadda, founder of VIYONA Fintech, is emerging as a thought leader in India’s fintech space, combining technology-driven solutions with social impact. His initiatives focus on digital payments, agri finance, and inclusion for farmers, FPOs, and small businesses.

Airpay Payment Services has received RBI approval to operate as a cross border payment aggregator, completing its unified PA framework licences. The company will offer full stack payment solutions domestically and globally, expecting strong growth in processing volumes, revenues and merchant onboarding

India is negotiating with about 7–8 countries, including in East Asia, to expand acceptance of its Unified Payments Interface (UPI), Financial Services Secretary M. Nagaraju said. UPI is already usable in eight countries, and India is integrating it into trade negotiations to boost fintech participation and leverage cost and scale advantages

At the IGNITION Summit in Chennai, BRS working president KT Rama Rao launched a sharp critique of both Congress and BJP, calling Rahul Gandhi “Narendra Modi’s greatest strength” and accusing the Congress of weakening the Opposition through poor leadership. He also attacked the BJP’s reliance on polarisation and unfulfilled promises, predicting rejection in southern states.

Driven by festive spending, UPI transactions hit an all-time high of Rs 27.28 lakh crore in October, up 16 per cent year-on-year, according to NPCI. With 20.7 billion transactions, UPI continues to dominate India’s digital payments landscape and expand globally

Cobrapost has alleged that Anil Ambani’s Reliance Group diverted over Rs 41,900 crore through shell entities and offshore firms. The conglomerate dismissed the charges as an agenda-driven campaign aimed at manipulating stock prices and acquiring its assets cheaply

Finance Minister Nirmala Sitharaman highlighted the risks of deepfake videos and AI-driven fraud, calling for stronger defences to protect public trust. She emphasised innovation must be secure, resilient, and inclusive, praising SEBI’s efforts to curb investor impersonation

Jio Payments Bank has launched 'Savings Pro', allowing account holders to earn up to 6.5 per cent interest on idle funds. Surplus balances above Rs 5,000 will be invested in overnight mutual funds, offering flexible redemption, transparency, and a fully digital process via the JioFinance app

Payment firms brace for 15 per cent revenue dip as online gaming law tightens; UPI may lose 25 crore transactions monthly

The NPCI will enforce new UPI rules from August 1, limiting balance checks, restricting auto-pay timings, and capping reversal requests. The changes aim to ease network congestion, enhance transaction security, and improve the user experience across payment apps

Paytm said it has received notice from ED for alleged FEMA violations by the company and its two subsidiaries — Little Internet and Nearbuy

Funds raised by sector sees a decline of 33 per cent on a year-over-year basis to $1.9 billion in 2024

Speaking at the third and fourth joint convocation of IIT Bhilai in Chhattisgarh on Saturday, the President praised the contributions of IIT graduates through their innovative thinking and far-reaching vision, which she said had significantly propelled both India and the world forward

Called BharatPe One, the product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options.

The draft framework lays down the characteristics of FinTech self-regulatory organisations, including its functions and governance standards.

Paytm said it disbursed USD 667 million (Rs 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments

This marks the entry of Lytus Technologies into the Indian fintech market through the introduction of its payments gateway offerings to businesses in the Indian cable and broadband sector.