UPI
Bridging Crypto and Everyday Payments: The Story of Sujal Shah and PurpleX
Sujal Shah’s PurpleX is bridging crypto and UPI payments, enabling seamless digital asset spending with compliance, speed, and real-world usability.
Proxgy Launches “ThumbPay”: Biometric Aadhaar-Linked UPI Payment Device to Redefine India’s Digital Transactions
Proxgy’s ThumbPay brings secure Aadhaar-linked UPI payments using biometrics, bridging the gap for rural, elderly, and underbanked Indians.
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.
