Tag: pine labs
UPI volume, value post strong growth during Diwali as festive spending lights up digital payments
Bengaluru: Festive spending drove a sharp increase in digital payments during the Diwali weekend, with transactions on the Unified Payments Interface rising 28% year-on-year to…
New account aggregator pricing may force lenders to redraft all tech pacts
India’s new account aggregator fee model could prompt fintech lenders to renegotiate contracts with technology service providers (TSPs) such as Finarkein and CAMS’ Sterling Software,…
Government moves closer to restoring MDR on UPI merchant payments
New Delhi: The government on Tuesday introduced amendments to the Payment and Settlement Systems Act in Parliament, moving closer to restoring merchant discount rates (MDR)…
Payments bill revives hopes of MDR return on large-ticket UPI transactions
The government’s proposed amendments to the Payment and Settlement Systems Act have revived hopes of the return of merchant discount rate (MDR) on select UPI…
PhonePe insurance CEO Vishal Gupta quits to launch new startup
Vishal Gupta, the chief executive of PhonePe Insurance Broking Services, a subsidiary of PhonePe, has resigned to launch his own startup.Announcing his departure in a…
Peak XV, Nexus set for 7-9x returns from Turtlemint IPO share sale
Peak XV Partners and Nexus Venture Partners are set to clock gross returns of about 7-9 times on shares they sell in insurtech company Turtlemint’s…
Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end
Top global investors, including SoftBank and KKR, have sold shares worth nearly Rs 18,000 crore in new-age companies, such as Groww and Lenskart, that went…
SoftBank books 7x returns as Lenskart emerges top India bet
SoftBank has clocked about 7x returns from a partial stake sale in Lenskart, making the eyewear retailer one of the Japanese investor’s strongest shows in…
Listed digital payment majors finally turn a corner in FY26
Listed Indian digital payment companies, loss-making for years, finally turned a corner in fiscal 2026 with Pine Labs and Paytm reporting full-year net profits for…
Razorpay to solely focus on omnichannel for offline play
Online payments company Razorpay has tamed its offline expansion plans amid sluggish growth of the vertical, three industry executives aware of the matter told ET….