India fintech news, briefly.
News, events and analysis on fintech in India: what happened, and why it matters.
Topics: Payments · Digital banking · Digital lending · Regulation · Funding · Crypto & digital assets · Wealth & insurtech · AI
Markets: India · GIFT City · Cross-border · Events calendar
Latest news
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Mochatrade raises $5.5 million to offer Indian traders US stock contracts through UPI
Mochatrade has raised $5.5 million in a CoinFund-led seed round for a platform that lets Indian traders take UPI-funded positions on US stock prices without a US brokerage account.
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PhonePe launches Tatkal NPS, opening pension accounts from ₹250
PhonePe has added Tatkal NPS, a PFRDA framework that lets users open a National Pension System account in the app with existing bank KYC and a first contribution of ₹250.
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SBI chairman backs UPI MDR to fund payment infrastructure
SBI Chairman C S Setty backed the planned UPI merchant fee on October 26, saying banks need it to fund computing and fraud monitoring, while NPCI has yet to set…
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Paytm posts ₹225 crore Q2 profit as EBITDA margin reaches 10%
Paytm owner One97 Communications reported a ₹225 crore profit for the September quarter, up from ₹21 crore a year earlier, with EBITDA margin at 10% for the first time.
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SEBI plans Demat 2.0 with tokenised bonds and an AI sandbox
SEBI plans Demat 2.0, with tokenised corporate bonds open to secondary-market trading, plus an AI sandbox and graded compliance for stockbrokers, its chairman said on October 24.
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RBI data centre opens in Bhubaneswar to host RTGS and NEFT
Prime Minister Narendra Modi opened the RBI’s fourth data centre, in Bhubaneswar, on October 25. It will house RTGS and NEFT and runs without third-party cloud providers.
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CoinDCX absorbs losses after a deposit sweep fails on old wallet addresses
CoinDCX said a failed sweep of retired deposit addresses caused losses it covered itself, hours after denying claims of a $16 million theft.
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RBI advisory says breached bank and payment systems stay compromised until cleared
An October 19 RBI advisory tells regulated entities to treat their systems as compromised after a credential leak until forensic checks clear them.
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Pine Labs and WEBXPAY let Sri Lankan merchants accept UPI from Indian buyers
A Pine Labs partnership with WEBXPAY lets Sri Lankan merchants accept UPI and other Indian payment methods under the RBI’s PA-CB framework.
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