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The National Payments Corporation of India (NPCI) issued a circular detailing new measures following repeated disruptions in the UPI system, with the most significant outage occurring on April 12.

Private Equity and Venture Capital investments witnessed a surge. Investments increased by 27% during January to April 2025. The total investment reached $11.8 billion. NexGen Energia secured $1 billion for biogas infrastructure. IDFC FIRST Bank is set to raise $877 million. Fintech startups like Juspay and Scapia also received significant funding.

India stands at a pivotal crossroad in digital finance, Yarlagadda noted, adding that crypto adoption and the India stack (a collection of indigenous digital infrastructure and apps aimed at financial inclusion) provide a foundation for the country to pioneer the next wave of global innovation.

Finance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3 years. She stressed enhancing cybersecurity, global expansion, and onboarding more users and merchants to ensure resilience amid recent service disruptions and growing UPI adoption.

Founded in 2020, IHX connects healthcare providers and payors to facilitate real-time, digital-first claims processing across the healthcare ecosystem. Following the deal, IHX will continue to operate as a wholly owned subsidiary of Perfios, with its team of approximately 100–150 employees working independently.

British online bank Revolut said Thursday it more than doubled net profit last year to £790 million ($1.1 billion) as customer numbers surged particularly in France, its new second-biggest market. “I think by end of next year we should reach 10 million customers in France, because right now we are getting 200,000 customers per month,” …

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The move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is in advanced talks to lead a $35-40 million funding round for Super.money, which could potentially include external investors for the first time.

UPI Circle allows a primary user, the UPI account holder, to authorise up to five secondary users to initiate UPI payments from their account. Each transaction initiated by the secondary user requires explicit approval from the primary user via their UPI PIN on the new BHIM app.

Kunal Shah stressed that fintech founders are essentially in the business of trust, irrespective of the category. “If you’re building in fintech, you’re building trust. That’s the foundation for anything to work efficiently.”

Tally Solutions, on Tuesday, announced the launch of TallyPrime 6.0, offering Connected Banking and integrated financial tools for SMEs, with live bank integrations including Axis Bank and Kotak Mahindra Bank.