The National Bank for Agriculture and Rural Development (NABARD) has made its first-ever investment in a bootstrapped startup by acquiring an equity stake in 24x7 Moneyworks Consulting Pvt. Ltd., an agri-fintech company focused on building digital credit infrastructure for rural India. 24x7 Moneyworks Consulting Pvt. Ltd.’s platform, eKisanCredit (eKCC), a...

The Government has firmly denied reports suggesting that Unified Payments Interface (UPI) transactions exceeding ₹2,000 might attract Goods and Services Tax (GST). In an official statement, the Ministry of Finance clarified that no such plan exists and the circulating claims are unfounded and misleading. "The claims that the Government is...

Paytm has launched the MahaKumbh Soundbox, its latest 4G-enabled payment device featuring a digital display and real-time transaction updates for merchants. Designed and manufactured in India, the device supports both audio and visual payment confirmations. With a built-in screen, the MahaKumbh Soundbox displays incoming payments, daily earnings, transaction count, battery...

Scapia, a travel fintech company, has raised $40 million in Series B funding, led by Peak XV Partners. Existing investors Elevation Capital, Z47, and 3STATE Capital also participated in the round. The funding will be used to expand Scapia’s team, improve its products, adopt new AI technologies, and speed up...

Paytm Travel has launched the Paytm Travel Pass, a subscription-based service priced at ₹1,299, offering free flight cancellations, travel insurance, and seat discounts worth up to ₹15,200.  With the increasing number of people traveling for business and personal reasons, Paytm Travel aims to make journeys more affordable and convenient. The...