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Government moves closer to restoring MDR on UPI merchant paymentsParliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by all...- Mintoak acquires rewards fintech ICC Loyalty to expand bank platform in West Asia, AfricaBengaluru-based Mintoak has acquired Dubai's ICC Loyalty for consumer rewards technology. This acquisition was largely funded by Mintoak's ...
- Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactionsIndia's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...
- Payments bill revives hopes of MDR return on large-ticket UPI transactionsET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchan...
- Govt moves to allow MDR; Qcomm braces for festive rushHappy Tuesday! The government is proposing changes that could bring back merchant fees on select UPI transactions. This and more in today’s...
- Sarvam raises $75 million; Ather trims losses in Q1AI startup Sarvam will raise $75 million as part of a larger funding round. This and more in today’s ETtech Top 5.
- MakeMyTrip Q1 bookings rise 20%; AI assistant drives growthMakeMyTrip reported a 19.9% year-on-year rise in Q1 gross bookings to $2.85 billion, while revenue and adjusted operating profit increased ...
- Rajya Sabha clears MSME bill to fast-track payment disputes amid Opposition protestsThe Rajya Sabha approved the MSME Development Amendment Bill, 2026, on Monday. This legislation aims to expedite delayed payment dispute re...
- Australia hikes levy for tech giants that fail to strike local news dealsAustralia's government has raised a planned levy on tech giants. This charge will apply if they fail to reach news deals. The levy now stan...
- One MobiKwik Q1 Results: Firm reports profit for 3rd consecutive quarter; stock jumps 9% on strong performanceFintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a...
- Mobikwik swings to Rs 7.6 crore net profit in Q1Mobikwik achieved 3.7% revenue growth and its third profit quarter. Lower costs and improved lending margins boosted the company's bottom l...
- HFCL shares rebound 5% on Rs 523 crore order win. Still time to buy after 195% rally in 6 months?HFCL shares rose sharply on Monday after the company secured an international order worth Rs 522.73 crore, extending investor optimism arou...
- Flipkart may launch food delivery mid-August, mulls commissions of up to 11%: SourcesFlipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering restaurant commissions of up to elev...
- AI startup Freehand raises $75 million led by Battery Ventures, NewRoad, NexusFounded by Indian entrepreneurs Nitin Jayakrishnan and Abhijeet Manohar, the San Francisco-headquartered startup has been operating in stea...
- Pine Labs signs six lenders for AI underwriting tool; to launch expense cardsPine Labs is launching an AI underwriting tool and new employee benefit cards. The company is expanding its services beyond payment process...
- Easebuzz FY26 revenue rises 10% to Rs 723 crore; profit drops 41%Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. The value of payments processed by the company, however, rose abou...
- Pine Labs Q1 profit rises fourfold to Rs 20 crore; retains FY27 growth guidanceRevenue from operations rose 20% to Rs 736.9 crore from Rs 615.9 crore. The growth was led by its issuing and acquiring platform, which exp...
- Musk's X adds Money banking service under 'everything app' pushElon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ ...
- More layoffs at Krutrim; PhonePe vs PaytmHappy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Di...
- ETtech Explainer: Why PhonePe’s UPI lead lags Paytm’s profitsPhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it achieved profitability against a ...
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