The Latest Breaking News from fintech

SIDBI backing is a ‘huge stamp of credibility’ for Cedar Hill Capital: Sahil Anand

SIDBI’s backing of Cedar Hill Capital’s fund marks a strong vote of confidence in its strategy of investing in AI-first enterprise FinTech, Managing Partner Sahil Anand says.

The Economic Times · Aug 17

JMJ Fintech Q1 net profit rises 72.48% to ₹1.97 crore; AUM surges 82%

JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous financial year. The company launched a new technology-driven lending platform called Money bro. This platform aims to make borrowing faster and more convenient for customers. JMJ Fintech plans to…

The Economic Times · Aug 17

How to Accept Crypto Payments as a Business: A Guide to Stablecoin Settlement

The growing interest in on-chain finance is reflected in various industry reports, including those from Big Four accounting firms, fintech companies, and payment service providers.

International Business Times · Aug 12

Trump-linked fintech firm AI Financial sells unit to Prime Delta

AI Financial will receive a $12 million secured promissory note - with $1 million due next ‌week and ⁠the rest ⁠paid over time - and about 11.6 million shares of Prime Delta stock for the ​sale of ALT5 Sigma Canada, an filing with the U.S. Securities and Exchange Commission showed…

The Economic Times · Aug 8

Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovations

The Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, the article argues they may burden small merchants, weaken financial inclusion and undermine the affordability behind UPI’s growth.

The Economic Times · Aug 7

AI safety: India must keep humans in the loop, prevent exclusion, says CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial exclusion and humans must remain involved. Fintech aids economic adoption, especially for SMEs and retail personal finance. Sustained cross-border payment growth depends on expanding trade volumes.

The Economic Times · Aug 7

Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocks

Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.

The Economic Times · Aug 7

FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security

Finance Minister Nirmala Sitharaman stated Merchant Discount Rate applies to merchants, not customers. This charge will support banks and fintech companies in infrastructure investment. A committee will decide on MDR after Parliament passes a taxation bill. The bill provides legal backing to modify the zero-MDR framework for digital payments. This…

The Economic Times · Aug 6

PB Fintech shares gain 2% after Q1 results. Why Morgan Stanley, Nomura see up to 25% downside

PB Fintech shares rose after the Policybazaar parent reported a 92% YoY jump in Q1 FY27 net profit to Rs 163 crore. Operating revenue grew 40% to Rs 1,888 crore, while total insurance premium increased 41% to Rs 8,372 crore. PAT margin also improved to 9% from 6% a year…

The Economic Times · Aug 6

Will UPI Payments Above Rs 2,000 Cost You More? The Truth

For years, UPI has made digital payments simple, instant and completely free for millions of Indians. Whether paying for groceries, booking a cab or shopping online, users never had to think about extra transaction charges. Now, a new government proposal has sparked fresh discussions about Merchant Discount Rate (MDR) on…

MyLifeXP · Aug 6