The Reserve Bank of India’s Annual Report for 2023-2024 showcases a digital payment surge, with UPI transactions hitting 13 billion in March 2024 and a 44.3% increase in volume. Key highlights include central bank digital currencies, payment system advancements, and international linkages, underscoring India’s evolving digital financial landscape. Read here:

A recent report by PayNearby highlighted the growth of UPI, AePS, MSME loan disbursals, insurance distribution through retail stores in India. It highlighted how there has been significant growth in the North Eastern states, Jammu Kashmir and even the Southern states. Here’s what the report revealed:

Through this partnership, customers will enjoy seamless access to competitive home loan and two-wheeler loan options, empowering them to realise their dreams of homeownership or vehicle ownership effortlessly.

Zerodha’s co-founder and CEO Nithin Kamath sparked a conversation on food safety in India, highlighting concerns about sugar content and adulteration in food items like masalas, milk, and protein.

Ghosh’s appointment at Balancehero strengthens risk management, leveraging data science to foster financial inclusion and innovation.

Buy-Now-Pay-Later startup BharatX plans on tapping into the healthcare lending market with its latest acquisition of healthcare finance startup Zenifi. Both were in a long-standing partnership earlier, and this acquisition will allow BharatX to break into the healthcare sector.

The fintech industry leaders on Wednesday hailed the three major initiatives of the Reserve Bank of India (RBI) which include the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository.

Paytm parent company One97 Communications and Adani Group have denied speculations of the stake deal happening. After the clarification from One97 Communications, the shares of Paytm jumped 5% to hit the upper circuit.

Gautam Adani, chairman of the Adani Group, is reportedly looking into acquiring a stake in One97 Communications, the parent company of Paytm, according to sources cited by The Times of India. Paytm’s founder and CEO, Vijay Shekhar Sharma, met with Adani in Ahmedabad to discuss the details of the potential deal.

Amidst its diverse portfolio, the Adani Group ventures into India’s digital payments domain with co-branded credit cards and plans for UPI operations. Expanding its footprint, the conglomerate eyes e-commerce via the ONDC platform, facilitated by the ‘Adani One’ app.