India’s fintech ecosystem is poised for transformation with the introduction of PAN 2.0, a revamped version of the Permanent Account Number system. As reported by The Economic Times, this initiative aims to streamline operations and significantly reduce costs for fintech companies, offering a more efficient framework for identity verification and...

One 97 Communications Limited (OCL), which owns the brand Paytm, India’s leading payments and financial services distribution company, has introduced automatic top-up for Paytm UPI Lite. This new feature simplifies recurring daily payments under ₹500, ensuring that users never run out of balance for small-value transactions. UPI LITE Auto Top-up...

M2P Fintech, a leading API infrastructure provider, has secured ₹850 crore (approximately $102 million) in a Series D funding round, led by Africa-based Helios Investment Partners.  The round comprised both primary and secondary share capital, bringing M2P’s valuation to nearly $800 million. Helios contributed around $50 million, alongside existing investors...

A recent LocalCircles survey indicates that 75% of UPI users in India would stop using the platform if transaction fees are introduced.  UPI has become a vital digital payment tool, with 38% of users conducting over half their transactions through it, and 37% handling more than 50% of their total...

Revolut, one of Europe’s leading fintech companies, is set to launch its services in India by 2025, with a focus on targeting millions of top-tier consumers. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut is a global neobank that provides a range of digital financial services for both...