Digital Payments

PayU India Achieves Significant Growth: Revenue Climbs 12% to ₹4,300 Crore in FY25

PayU India saw its revenue jump 12% to ₹4,300 crore in FY25, driven by a 14% rise in payment volumes across key sectors. Its payments business broke even in H2 FY25, a major milestone. With a new RBI payment aggregator license, PayU is set to expand further in India's booming digital payments market.

Paytm Shares Tumble 10% After Finance Ministry Rejects UPI MDR Reintroduction

Paytm shares plunged 10% after the Finance Ministry dismissed speculation about reintroducing MDR on UPI transactions. Hopes for a new revenue stream were dashed, highlighting fintech's sensitivity to policy. Despite the setback, UPI continues its record growth, with the government committed to free services amidst sustainability questions.

Financial Services Secretary: Fintechs Must Innovate While Ensuring Compliance with Regulations