PayU, the fintech arm of Prosus, has acquired a 43.5 per cent stake in Mindgate Solutions, a leading real-time payments technology provider. The strategic investment […]
Tag: UPI
Shrinking UPI incentives push digital payment apps to introduce convenience fees
With government incentives for low-value UPI and RuPay debit card transactions shrinking, leading digital payment platforms are turning to new revenue streams, including the introduction […]
PhonePe eyes IPO after a decade
Bengaluru-based FinTech PhonePe is gearing up for a potential Initial Public Offering (IPO) in India, more than two years after relocating from Singapore. The move […]
Zeta secures $50 million investment, valuation soars to $2 billion
Zeta, a banking technology provider, has raised $50 million in a strategic investment round, propelling its valuation to $2 billion, the company announced. This marks […]
DFS secretary meets FinTech founders and officials
M Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a meeting with FinTech ecosystem partners in Delhi yesterday. The meeting was also […]
India to integrate UPI with Malaysia’s PayNet: PM Modi announces major bilateral initiative
India is set to integrate its Unified Payments Interface (UPI) with Malaysia’s PayNet, Prime Minister Narendra Modi on 20th August announced this after a bilateral […]
Navi and Karnataka Bank introduce credit line on UPI to transform digital lending
Navi has partnered with Karnataka Bank to launch a credit line feature on Unified Payments Interface (UPI). This initiative integrates a pre-approved credit line directly […]