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Analysts predict further downside for Bitcoin, with expectations of a potential sell-off to the mid-to-low $50,000 range.

Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing investors also considering selling shares. Rupeek previously raised funds from 360 One at a significant discount.

Paytm Money, the wealth management platform of One 97 Communication, has replaced chief executive Varun Sridhar, at the helm since 2020, with Rakesh Singh. Singh was the chief executive of broking services at Fisdom, a PayU-backed fintech.

In a recent update, NIPL has partnered with the bank of Namibia to develop a payments system like the Unified Payments Interface (UPI) in the country to help Namibia modernize its financial ecosystem.

A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limited to India only; other countries, too, benefit from it. So far, Sri Lanka, Mauritius, France, UAE, and Singapore, among others, have partnered or intending to partner with India on emerging fintech and payment solutions.

However, average daily transactions were marginally higher, reaching a new record of 44.3 crore transactions a day.

The volume and value of UPI transactions decreased slightly in April compared to their all-time high level in March. However, the average daily transactions reached a new high, which indicates that the transition of UPI services from Paytm Payments Bank to its parent did not lead to any significant disruption.

Worldline ePayments India offers solutions for all kinds of payment needs offering in-store, online, and omnichannel payments to its customers.

A lack of clarity surrounding the interchange fee structure and lower adoption rates among smaller merchants have hindered the uptake of credit transactions through the UPI, according to industry experts.

The Delhi High Court on Tuesday asked payment app BharatPe’s former MD Ashneer Grover not to transfer or create any third-party rights in the shares transferred to him by the company’s co-founder Bhavik Koladiya.