Pine Labs’ $3-billion test: can old fintechs still build new moats?
The fintech giant is going public with deep enterprise roots and a strong EMI play. For investors, past success may not be enough
The fintech giant is going public with deep enterprise roots and a strong EMI play. For investors, past success may not be enough
A recent subsidy cut threatens the zero-fee model that made UPI ubiquitous, forcing banks, fintechs, merchants, and regulators to rethink who should foot the bill
India’s second-largest home financier went public, retail demand surged, and sponsor banks were swamped. The result: UPI-app-mandate notifications got stuck in the backlog
The payments body made digital payments a household thing. But striking another UPI-like golden idea is far from simple
The National Payments Corporation of India, which controls retail payments, is set to get rivals next year. These new entrants called New Umbrella Entities could redraw the rules for payments
Riding on the wave of nationalism, RuPay is today the biggest card network in India, with more than 500 million bank accounts linked to it. But UPI is parent NPCI’s new favourite, and RuPay is forced to make room for its younger, more powerful sibling
Four years of UPI saw Visa’s share of debit card spends dropping from 56% in 2016 to about 40% now. And despite having solutions that could have put it on par with UPI, the US$410 billion card network didn’t push them. Visa is fighting back now, but it has to do so while adjusting to a new way of life
The 20-year-old payment aggregator is almost always in the news for an acquisition, with $2.5 billion being the most recent figure touted. What makes it an asset that gets talked about so much?
An alliance of Indian startups—led by Cure.fit, Practo, and 1mg—in collaboration with iSpirt are looking to create the tele-medicine platform to end all tele-medicine platforms. It's the 'UPI of healthcare', except healthcare is no payments
Conceptualised and promoted by iSpirt, the powerful behind-the-scenes organisation run by volunteers, Sahay would enable hundreds of thousands of Indian MSMEs to access loans in as few as five minutes. The story of how it was built is more important than why its 21 May launch was canned
In taking down Yes Bank, a bank dripping with bad assets, RBI inadvertently threw India’s digital ecosystem into a tizzy
Last year, an escalating bad loan and liquidity crisis stripped the hype from fintechs and revealed which companies were truly gaining ground in digital finance. And they lay the foundation for the new decade
India’s largest payments company is working furiously to escape UPI disruption, transient users, growing losses, unicorn narratives and country risk
Google played all its cards perfectly to make Google Pay the number one UPI payments app in a hyper-competitive market. But there is such a thing called too much market share, it will learn
How policy decisions have, over the past three-four years, led to tectonic shifts in the country’s payments landscape
The Ken’s guide to the myriad entities involved in changing the engines of tech policy-making mid-flight
After nearly nine months of backroom negotiations, the Reserve Bank has the last word. Does UPI 2.0 have more tricks up its sleeve?
BillPay who? BillPay's here to disrupt BillDesk.
Till now, the government of India has spent close to Rs 500 crore in cashbacks for payment app BHIM. It wants to spend more. But Rs 500 crore is a lot of money. Taxpayer money. Is it being spent well?
Demonetisation jolted the two card networks into action so much so they are looking at bringing a UPI competitor. The future for them never looked brighter in India. But the more things look different, the more they seem the same
As India’s digital payments sector explodes in usage, it becomes a battleground for the world’s largest tech companies. And smack in the middle of that fight stands the National Payments Corporation, an entity like no other
WhatsApp’s newly launched payments feature in India is a joy to use. It is also a clear attempt to co-opt an open protocol. But are regulators realising this?
The Ken analyses how the UPI payment apps stacked up in the last 17 months. And here is the thing, there are no winners
How a passionate, volunteer-led think tank for India’s software product companies lost its way
Banks, NITI Aayog, RBI, apps. The NPCI is being pulled in too many directions. The launch of BHIM Aadhaar proves it
Banks must learn to compete with dozens of nimble, focused and ruthless fintech and payments startups out to disrupt them. Using data
BHIM came in with a bang and took most people in India’s payments ecosystem by surprise. It has already stolen the thunder from Flipkart’s PhonePe and banks’ UPI apps. But there is considerable doubt about its future