Paytm’s second-quarter net income rose to Rs 225 crore as revenue growth, stronger financial services distribution and AI-led efficiency gains drove a sharp improvement in profitability. Paytm reported a sharp rise in quarterly profit in the second quarter of FY27,…
The Bengaluru fintech has appointed the former Rupifi and Jupiter HR leader as it expands from credit card payments and rewards into lending, UPI and AI-powered financial services. CheQ has named Rupal Rajal as head of human resources as the…
Indian lenders are moving AI beyond pilots, but bankers warn that weak data, cyber threats and opaque decision-making could undermine large-scale deployment. Indian banks are moving from small-scale artificial intelligence trials towards wider deployment, but executives at the Business Standard…
The Indian IT services group will acquire Finastra’s cash-management platforms and related intellectual property, giving it greater control over products embedded in banks’ corporate treasury operations. Tech Mahindra has moved deeper into banking software with the purchase of Finastra’s cash-management…
Speaking in Udupi, the former Tamil Nadu BJP chief said imposing Merchant Discount Rate charges on digital payments could undermine the free-use model that helped UPI spread among everyday consumers. K Annamalai has used a retailers’ gathering in coastal Karnataka…
The Bengaluru startup says its voice agents handle 2 million monthly conversations in more than 25 languages as it targets end-to-end customer service automation. Bengaluru-based Karta AI has raised $3 million in seed funding to expand its voice artificial intelligence…
Rapido is using Razorpay’s payment infrastructure to sustain UPI success rates above 98% as it expands from bike taxis into autos, cabs and delivery services across more than 400 Indian cities. Rapido has built its business on solving one of…
India’s prime minister has called for stronger cyber defences and specialist training to protect the country’s increasingly digital banking system from cyber terrorists and fraudsters. Prime Minister Narendra Modi has warned that modern conflict is increasingly aimed at economies as…
A proposed charge on UPI merchant payments above ₹2,000 would reverse a policy that helped drive mass adoption, raising questions over who will pay and whether the move could weaken India’s digital payments ecosystem. India’s plan to bring a charge…
The Rs 169 crore facility gives the RBI geographically separated backup capacity for critical systems including NEFT, RTGS and e-Kuber, while a new institute will train financial-sector staff in emerging technologies and cyber security. The Reserve Bank of India’s new…
As India’s QR-code economy matures, PhonePe and Razorpay are using AI to cut failed transactions, improve checkout and help merchants win and retain customers. India’s digital payments story is moving beyond the simple act of moving money. As the country’s…
L&T Finance has opened applications for the second edition of Pitch Point, after winners from its inaugural contest secured enterprise partnerships and used feedback to refine their products. L&T Finance has opened applications for the second edition of Pitch Point,…
