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As per the company statement, His resignation takes effect on March 31, 2025, or an earlier mutually agreed date.

Fintech startups and business correspondents serving rural areas seek Rs 500 crore in equity funding from the government to upgrade technology. This fund, potentially structured like the IMEF, would support services like remittances and Jan Dhan accounts. The request comes amidst a funding winter and seeks to improve last-mile financial inclusion.

New Delhi [India], 121 Finance, an RBI-registered NBFC-Factor, partnered with GeM (Government-e-Marketplace), an initiative of the Ministry of Commerce and Industry, alongside Perfios and Tata Consultancy Services to bring live the new enhanced version of GeM Sahay.

Navi Finserv hosted the second Navi Lenders Summit 2025, gathering 135+ financial leaders to discuss industry trends, showcase tech innovations, and highlight its Rs 1,200 crore fundraising success.

The Enforcement Directorate found serious compliance failures by multiple fintech companies during a money laundering probe linked to a Rs 33 lakh cyber fraud. These companies ignored KYC norms and accepted money from dubious sources, which was converted to cryptocurrency and transferred internationally.

The accused have allegedly scammed customers out of Rs 2,200 crore across 20 states in India, and transferred the proceeds out of India. A part of this was frozen with the payment gateways.

The fintech fund was set up in 2021, with an objective to invest in early-stage fintechs, has its second fund after raising Rs 200 crore from UHNI, HNI and family offices.

BROADRIDGE-INDIA-US fintech firm Broadridge to boost India headcount by 26% in 3 years, top exec says

As a part of this partnership, more than 200 individuals from select NGOs will be trained under a train-the-trainer model, equipping them with knowledge and tools to spread digital payment awareness.

The average transaction size for UPI-enabled credit cards is Rs 1,125, significantly lower than the Rs 4,000 average for traditional credit cards, making it an ideal option for everyday purchases, according to Kiwi 2024 report.