Fintech - convergenceindia

Scindia Delivers a New Kind of Mail: Launches UPI–UPU Project in Dubai to Speed Up Global Remittances

By Himani Upadhyay on September 9, 2025

Union Minister Jyotiraditya Scindia has launched the UPI–UPU Integration Project at the Universal Postal Congress in Dubai. The initiative links...

UPI Hits Record 20 Billion Transactions: Is India Becoming a Cashless Nation Faster Than Expected?

By Indrani Priyadarshini on September 2, 2025

UPI crosses an unprecedented 20 billion monthly transactions, redefining India’s digital payment revolution....

Google’s GCUL: A Neutral Ledger for Finance

By Indrani Priyadarshini on August 31, 2025

Google Cloud is quietly testing GCUL, a neutral, Python-based blockchain designed for institutional payments and tokenised assets....

RBI's Seven Sutras to Govern AI in India’s Financial Sector

By Indrani Priyadarshini on August 15, 2025

RBI launches FREE-AI, a framework to ensure ethical, fair, and secure AI use in India’s financial sector with 26 key...

India’s Digital Rush: UPI Hits Jaw-Dropping 19.47 Billion Transactions in July

By Indrani Priyadarshini on August 1, 2025

UPI reaches an all-time high of 19.47 billion transactions in July, up 5.8% from June and 35% higher year-on-year....

UPI Transactions Under Threat? Here’s What RBI Said

By Indrani Priyadarshini on July 28, 2025

The RBI governor hints at possible UPI charges in the future due to rising infrastructure costs and sustainability concerns....

UPI Goes Global: Now Make Payments in the US, China with PayPal World

By Indrani Priyadarshini on July 23, 2025

In a game-changing move for digital payments, PayPal teams up with NPCI to launch 'PayPal World'—allowing UPI users in India...

Flying into the Future: Emirates Embraces Crypto Payments

By Himani Upadhyay on July 11, 2025

Emirates has signed a preliminary strategic Memorandum of Understanding (MoU) with Crypto.com to enable cryptocurrency payments for flight bookings....

Paytm’s Merchant Lending Business Eyes Good Days as Analysts Predict Profitability by FY 2026

By Kumar Harshit on July 2, 2025

The company is bound to witness a rebound of 17 percent in payment revenue after a steep decline in FY25....

PhonePe Debuts Co-branded Credit Card with HDFC Bank, Offering 10% Reward Points

By Kumar Harshit on June 30, 2025

The PhonePe HDFC co-branded card can be linked on PhonePe to pay merchants via UPI and manage bills directly in...

UPI Transactions to Get Slower But Safer? Govt Working on Real-Time Fraud Detection

By Indrani Priyadarshini on June 28, 2025

The government is working with UPI platforms to introduce real-time fraud detection—even if it slightly delays your transactions....

PhonePe Bags Digital Payments Award 2025 for Excellence in Building Offline Digital Payments Infrastructure

By Kumar Harshit on June 20, 2025

The Union Finance Minister highlighted the significant adoption rate of fintech in India, reaching 87 percent as against global adoption...

Razorpay Bets $30M on the UPI App POP - Nobody Saw That Coming

By Indrani Priyadarshini on June 17, 2025

Razorpay doubles down on India's digital commerce boom by acquiring a majority stake in UPI-focused rewards app POP....

UPI Monetization Faces Setback as the Government Says No to MDR

By Kumar Harshit on June 16, 2025

The Indian fintech industry has hit a roadblock with the government’s recent clarification on the Merchant Domestic Rate (MDR) issue....

NPCI and IDRBT Sign MoU to Jointly Develop Training Programmes Enabling Payment Security and Cyber Resilience

By Kumar Harshit on June 13, 2025

The collaboration between NPCI and IDRBT will jointly develop an exclusive NPCI-certified payment security certification programme....

India’s FinTech Major Cred Raises USD 72 Million at 45 Percent Lower Valuation of USD 3.5 Billion

By Kumar Harshit on June 12, 2025

Cred has raised around ₹354 crore from GIC, ₹74 crore from RTP Global, and ₹162 crore from QED Ventures, among...

PhonePe to Bring UPI to Keypad Phones, After Acquiring Gupshup’s GSPay Technology

By Kumar Harshit on June 6, 2025

PhonePe’s initiative makes bridging and digital inclusion a seamless and near dream, also pushing the boundaries of India’s fintech landscape....

Witness India’s Digital Stride: UPI Transactions Hit ₹25.14 Lakh Crore in May, Up 23% YoY

By Kumar Harshit on June 4, 2025

Out of the Rs 25.14 lakh crore amount, 72 percent of the amount went to P2P (peer-to-peer), while 28 percent...

Paytm CEO and Union Minister Piyush Goyal Take-up UPI, ONDC Strategy, and Fintech Ecosystem Goals in the Latest Meet

By Kumar Harshit on May 28, 2025

The meeting between the Union minister and the CEO focused on taking India’s Fintech and E-commerce sector to a global...

Elon Musk to Turn X Into a Bank—Are You Ready?

By Indrani Priyadarshini on May 27, 2025

Elon Musk takes a bold leap as X to transform into a digital wallet with the launch of its new...

SMEs, Don’t Miss This Fintech's Breakthrough That Could Transform Your Business

By Kumar Harshit on May 26, 2025

Getepay aims to grow its user base from 1.5 million to a staggering 10 million SMEs across the sectors, post...

MobiKwik Lands in a Net Loss of Rs 55 Crore as against Rs 52.3 Crore in December

By Kumar Harshit on May 22, 2025

Mobikwik's overall gross merchandise value grew to ₹115,900 crore from ₹38,200 crore in the same period last year, driven by...

Paytm Rolls Out ‘Hide Payment’ Feature for Enhanced Transaction Privacy and User Control

By Kumar Harshit on May 19, 2025

Paytm's new functionality has been designed to meet user demand for discreet payment management....

IPO-bound Groww to Acquire Wealthtech Startup Fisdom; Fintech Sector Sees Another Major Listing This Year

By Kumar Harshit on May 19, 2025

Groww is expected to acquire Fisdom in an all-cash deal for somewhere between $140 million and $160 million....

What PayPal’s Partnership with Perplexity Means for the Future of Digital Commerce

By Kumar Harshit on May 15, 2025

With 430 M+ active accounts in nearly 200 markets, PayPal offers a powerful launchpad for Perplexity’s global commerce tools....

Stripe Unveils the First AI Foundation Model for Payments — Will It Redefine Fintech?

By Kumar Harshit on May 9, 2025

The AI foundational model led to an unprecedented 64 percent increase in attack detection rates....

How the Fintech-Focused VC QED's $300 Million Investment Can Reshape India's Fintech Sector

By Kumar Harshit on May 5, 2025

QED has already deployed around $220 million across Asia, making great bets on several Indian startups....

Discover How Razorpay's New BHIM Vega UPI Plugin Transforms Business Transactions

By Kumar Harshit on April 9, 2025

BHIM Vega by Razorpay makes transactions seamless through easy onboarding coupled with superior performance and reduced latency for payments....

Alfa-Bank Wins the Prestigious Fintech India Innovation Award in the Global Fintech Leader Category

By Kumar Harshit on April 3, 2025

The Fintech India Innovation Awards, 2025 have been given across 7 categories, including Best Fintech Company of the Year, Best...

Indian Fintech Giant Razorpay Enters Singapore, Bolstering Southeast Asia Growth

By Kumar Harshit on March 7, 2025

Singapore’s digital payments market is set to grow 2X to USD 180 billion, offering a great business opportunity to fintechs....

How Will IRDAI’s New UPI-based Bima-ASBA Keep Your Money Safe While Buying Insurance?

By Kumar Harshit on March 6, 2025

UPI-based Bima ASBA mandates insurance companies to enable the UPI One-Time Mandate option for premium payments to keep money safe...

Experience the Future of Fintech at the Fintech India Expo 2025- Register Now!

By Kumar Harshit on March 5, 2025

The Fintech Expo 2025 will showcase brands like Zoho, Tally Solutions, SBI, and Insurance Dekho, among others, along with engaging...

Here’s Why the Innovation Lead From Cambridge Calls India’s UPI System Revolutionary

By Kumar Harshit on February 28, 2025

Prof. Carlos Montes views UPI as a learning opportunity for the world while acknowledging the efforts of DFS and NPCL...

Businesses of All Sizes Can Now Unlock Custom, Streamlined Payments With the Launch of PayPal Open

By Kumar Harshit on February 26, 2025

PayPal Open empowers streamlined payments and AI-enabled solutions for large and small businesses under a single platform....

No More Duplicate Payments, No More Frustration – Stop Payment Errors with RazorpayX DuplicateShield

By Kumar Harshit on February 21, 2025

RazorpayX DuplicateShield analyses past transactions to detect unusual payout patterns and flags a potential duplicate in real time, preventing unintended...

UPI Transactions Surpass Rs 23 Lakh Crore Mark, Set Record with Over 16,730 Million Transactions in December 2024

By Kumar Harshit on February 3, 2025

UPI, by NPCL, registers an all-time high transaction of INR INR 23,24,699.91 Crore, reaching up to 641 banks...

Secretary Financial Servies, GoI holds discussions with fintech startups, RBI, and NPCI among others

By Kumar Harshit on January 8, 2025

The council acknowledged the need to constantly promote innovation in the industry to keep the revolution going....

Binny Bansal Steps Down From PhonePe’s Board, Reasons Undisclosed

By Kumar Harshit on November 25, 2024

He has been associated with PhoenPe since its acquisition by Flipkart in 2016 while the fintech company was being incubated...

From fintech giants to innovators: Bengaluru shapes India’s growth story

By Indrani Priyadarshini on November 22, 2024

Bengaluru solidifies its status as India's innovation capital, fostering fintech growth, early-stage ventures, and rural entrepreneurship....

Paytm Onboards UPI International, To enable Ad-hoc International Payments

By Kumar Harshit on November 20, 2024

Users can view the exact foreign exchange rates and any conversion fees charged by their bank during the payment process....

Dogecoin Hits Significant Gains Globally, Set to Make Headway in Indian Market

By Kumar Harshit on November 19, 2024

The growth in market cap is a very good indicator that encapsulates the metric of acceptance dogecoin now enjoys in...

Razorpay Joins Hands with Peak XV and Lightspeed To Launch Venture Funds

By Kumar Harshit on November 18, 2024

The leadership team of the company including the founders will be providing one-to-one guidance to the startups who can secure...

Breaking new ground in Fintech: Chitkara University partners with Zaggle to revolutionize Fintech education

By Indrani Priyadarshini on November 13, 2024

Chitkara University launches India's first Fintech Centre of Excellence, bridging academia and industry to nurture the next generation of fintech...