Pine Labs invests Rs 24 crore in AI R&D in FY26
Pine Labs invested about Rs 24 crore in AI and R&D initiatives in FY26, with Rs 20 crore going into AI capabilities and automation and Rs 4 crore into enterprise-wide AI tools.…
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UPI completes 10 years as transactions reach Rs 314 lakh crore
The Unified Payments Interface completed 10 years on 25 August, with annual transactions rising from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26. Their value increased from Rs 0.07…
UPI reform debate: fee on merchant payments opposed by expert
ThePrint reports that India's UPI needs reform but warns against US pressure. The US Trade Representative's 2026 report says American firms cannot compete fairly in UPI. PhonePe and Google Pay control 80%…
Navi Finserv to expand loans beyond personal, eyes merchant finance
Navi Finserv plans to enter merchant financing and loans against mutual funds as it looks to expand beyond personal loans, which currently make up 90% of its ₹13,000 crore loan book. The…
