Articles
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1 month ago |
rediff.com | Ajinkya Kawale
The National Payments Corporation of India (NPCI) is stepping up its supervision of the Unified Payments Interface (UPI) to prevent future disruptions caused by stress on the core network. Kindly note the image has been posted only for representational purposes. In a circular issued on Wednesday, the payments authority outlined operational guidelines for 10 application programming interfaces (APIs) linked to UPI.
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1 month ago |
rediff.com | Ajinkya Kawale
One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company’s loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.
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2 months ago |
rediff.com | Udisha Srivastav |Ajinkya Kawale |Peerzada Abrar
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India’s clean energy sector, are now facing serious regulatory action. The brothers, known for founding Gensol Engineering and BluSmart Mobility, have been barred by the Securities and Exchange Board of India (Sebi) from the securities market allegedly for diverting company funds for personal use.
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2 months ago |
rediff.com | Ajinkya Kawale |Subrata Panda
An hour-long disruption could affect around 40 million UPI transactions. IMAGE: Kindly note the image has been posted only for representational purposes. Network disruptions caused by internet service providers (ISPs) powering India's flagship payments platform, Unified Payments Interface (UPI), hardware malfunctions, and the overloading of banks' transaction processing systems are likely behind the UPI outages over the past two weeks, according to sources.
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2 months ago |
business-standard.com | Ajinkya Kawale
Unified Payments Interface (UPI) has grown exponentially over the past few years, with newer use cases being rolled out on the real-time payments system.
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Vijay Mallya in his latest avatar looks similar to Mahesh Manjarekar https://t.co/XbxIR74VKI
Late to TwT party Fintechs are under the RBI scanner for allegedly misclassifying merchants to exploit credit card fee structures. Several PAs are said to have misclassified merchants, typically in the retail category, under utility -- a segment that draws lower interchange. https://t.co/FpTP4OaAbG
RT @bsindia: #Fintech bodies have raised concerns about potential double-provisioning resulting from #RBI’s new mandate, which disallows le…