7 results found
NPCI's impending 30% market share cap for third-party UPI apps is set to drastically reshape India's digital payments landscape, challenging the dominance of PhonePe and Google Pay and fostering a more competitive and diversified ecosystem by November 2024.
The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co
Indian startups secured over $469 million across 26 deals in a single robust funding week, signaling strong investor confidence, particularly in early-stage ventures and diverse sectors like EV, fintech, and SaaS. This significant capital inflow highlights the dynamism of India's innovation ecosyste
India's UPI is targeting global expansion, focusing on the Indian diaspora, and exploring cutting-edge agentic AI integration with large language models like ChatGPT and Gemini to enable revolutionary conversational payment experiences.
Indian fintech giant Paytm is set to invest €9 million to significantly expand its European operations, signaling a robust international growth strategy. This move positions Paytm to deepen its global footprint and offers crucial insights for India's burgeoning tech ecosystem.
India's startup ecosystem has shown significant recovery, securing $128 million in funding with fintech firms spearheading the revival by attracting $76 million. This rebound, driven by early-stage investments, signals renewed investor confidence and robust growth opportunities across diverse sector
Major financial maneuvers in India's startup scene include Madison India Capital's partial exit from Pine Labs for ₹357 Cr and Elevation Capital's ₹630 Cr Paytm share sale. Meanwhile, Gabit raises ₹36 Cr for expansion.