Fintech India

14/08/2025

Neon is enabling payments in Indian rupees via UPI wallets and local cards through Razorpay’s gateway, while handling checkout, tax compliance, fraud protection and dispute resolution.

Read here: https://fintechnews.sg/115907/fintech-india/neon-razorpay/

Neon has partnered with Razorpay to let its clients accept payments from players in India in local currency

13/08/2025

This regulatory progress for Paytm comes as Ant Group completes the sale of its remaining stake in the company.

Read here: https://fintechnews.sg/115857/fintech-india/paytm-rbi-approval/

Paytm, a wholly owned subsidiary of One 97 Communications, has received in-principle approval from the Reserve Bank of India

06/08/2025

Other major investors, including Berkshire Hathaway and SoftBank Group, have also reduced or exited their positions in Paytm over the past two years

Read here: https://fintechnews.sg/115416/fintech-india/paytm-ant-exit/

Ant Group is set to sell its remaining 5.84% stake in Indian digital payments firm Paytm through block deals worth around 38 billion rupees

31/07/2025

Lagos-based Afriex has expanded its money transfer services to India to enable faster cross-border payments for African businesses and diaspora communities.

Read here: https://fintechnews.africa/45601/fintechafrica/afriex-expands-into-china-india-pakistan/

Afriex expands into China, India, and Pakistan to offer faster, low-cost cross-border payments for African traders and diaspora communities.

21/07/2025

Meta is reportedly in early talks with crypto firms to introduce stablecoins as a way to handle payouts, aiming to lower the cost of individual cross-border transactions.

Read here: https://fintechnews.sg/114164/fintech-india/whatsapp-pay-growth-stalls-in-india-as-meta-shifts-focus-on-stablecoins-creator-microtransactions/

Meta Platforms’ attempt to position WhatsApp as a major player in India’s massive fintech sector has largely failed due primarily to regulatory restrictions but also because of the company’s lack of significant product improvements, marketing campaigns, and outreach to merchants, industry lead...

21/07/2025

The expansion brings the total number of participating Indian banks to 19

Read here: https://fintechnews.sg/114184/fintech-india/upi-paynow/

NPCI International Payments has expanded the UPI-PayNow real-time payment linkage by adding 13 Indian banks to the platform.

02/07/2025

The partnership will enable PayGlocal to support faster and more efficient international collections for exporters and marketplace sellers in India.

Read here: https://fintechnews.sg/113320/fintech-india/banking-circle-payglocal/

Banking Circle and PayGlocal to support faster and more efficient international collections for exporters and marketplace sellers in India.

30/06/2025

Pine Labs is looking to raise approximately US$304 million through the issuance of new shares.
Read here: https://fintechnews.sg/113267/fintech-india/pine-labs-india-ipo/

Indian fintech company Pine Labs is aiming for a valuation of as much as US$6 billion in its planned initial public offering (IPO)

24/06/2025

PhonePe processes over 300 million transactions daily and serves more than 600 million users across 40 million merchants.

Read here: https://fintechnews.sg/113034/fintech-india/phonepe-ipo/

PhonePe, the Indian digital payments firm, is preparing for an initial public offering (IPO) that could raise up to US$1.5 billion

12/06/2025

Mizuho is expected to purchase KKR & Co’s 63% stake and may acquire additional shares from minority holders to raise its ownership to around 70%

Read here: https://fintechnews.sg/112585/fintech-india/mizuho-avendus/

Mizuho Financial Group is close to acquiring a controlling stake in Indian investment bank Avendus Capital.

23/05/2025

India’s mobile wallet landscape, once highly fragmented with numerous non-interoperable platforms competing for market share, was transformed by the 2016 launch of the Unified Payments Interface (UPI), the national instant payment system.

Read here: https://fintechnews.sg/111609/payments/apacs-mobile-wallet-landscape-local-giants-government-backed-systems-and-super-apps/

-with Paytm Amazon Pay PhonePe MobiKwik

14/05/2025

Emirates NBD and nasscom formalise partnership to advance UAE-India fintech collaboration

Read here: https://fintechnews.ae/26095/abudhabi/emirates-nbd-nasscom-partnership/

Emirates NBD, Nasscom sign MoU to boost fintech collaboration between the UAE and India, focusing on innovation and digital transformation.