Deep Dive

Fintech Deep Dive — Wednesday | August 12, 2026 Consumer Fintech: Neobanks, BNPL, Insurance & Digital Lending This week’s consumer fintech landscape was dominated by Flipkart’s bold move into embedded credit, RBI Governor Malhotra’s landmark AI address to banks, PB Fintech’s blockbuster earnings, a $27 million insurtech raise, and fresh warnings about India’s digital lending debt trap. 1. Flipkart’s super.money Launches SplitStore — Turning UPI Into a Credit Engine Flipkart’s fintech arm super.money launched SplitStore on August 6 — an in-app shopping marketplace that lets users purchase products in zero-interest installments without a credit card. This is the company’s most consequential move yet to convert India’s dominant payments infrastructure into a profitable credit business. 1 ...

Fintech Deep Dive — Tuesday | August 11, 2026 Buzz & Funding: The Week Indian Fintech Found Its Revenue Mojo This week was a watershed moment for Indian fintech capital. Between August 3 and August 8, the ecosystem saw a surge of funding rounds, strategic acquisitions, and — most consequentially — a parliamentary amendment that could fundamentally reshape how payment companies make money. From MDR’s return to insurtech mega-rounds, here are the stories that mattered. ...

Fintech Deep Dive — Monday | August 10, 2026 This Monday deep dive covers Developer & Technical developments in Indian fintech from the past 7 days — APIs, SDKs, platform architecture, and the tools that power India’s digital financial infrastructure. 1. Banking Connect Goes Live: NPCI’s NetBanking 2.0 Rails Get Their First Aggregators This week saw significant momentum behind Banking Connect (also called IBMB — Internet Banking & Mobile Banking), NPCI Bharat BillPay Limited’s interoperable netbanking infrastructure. PayU, in partnership with NPCI Bharat BillPay, formally introduced its Banking Connect integration — a faster, simpler way to make and manage netbanking payments with instant settlements. 1 ...

Fintech Weekly Deep Dive — The End of Free UPI | Week of August 3–9, 2026 Executive Summary On August 6, 2026, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends Section 10A of the Payment and Settlement Systems Act, 2007 — the legal provision that has mandated zero Merchant Discount Rate (MDR) on UPI and RuPay debit card transactions since January 2020. The Bill does not impose fees immediately. Instead, it replaces the blanket prohibition with a framework that allows the Central Government to notify, by executive order alone, which electronic payment modes remain exempt from MDR charges. ...

Fintech Deep Dive — Sunday | August 09, 2026 Weekly Review: The Top Stories That Shaped Indian Fintech This Week This week was dominated by three seismic developments: Parliament amending the zero-MDR law that defined UPI’s free-forever ethos, UPI smashing through yet another transaction record in July, and India’s digital payments diplomacy hitting overdrive with new international corridors. Add a major RBI policy hold and Apple Pay’s India entry into the mix, and you have one of the most consequential weeks in Indian fintech this year. ...

Fintech Deep Dive — Consumer Rights | August 08, 2026 India’s digital payment ecosystem processes billions of transactions monthly, but the convenience comes with a darker side: ₹22,930 crore in digital fraud losses in 2025 alone, with approximately 2.8 million fraud cases recorded. This week’s Consumer Rights deep dive examines five critical developments shaping how India is — and isn’t — protecting its citizens from digital financial fraud. 1. Supreme Court Issues 13-Point Directions on Digital Arrest Scams — RBI Given Four Weeks for SOP On August 4, 2026, a bench led by Chief Justice of India Surya Kant issued sweeping interim directions in a suo motu matter concerning victims of digital arrest scams. The court’s 13-point order represents the most significant judicial intervention on digital fraud in India’s history. ...

Fintech Deep Dive — Friday | August 07, 2026 Theme: Policy & Regulation — RBI decisions, parliamentary legislation, SEBI moves, and the regulatory scaffolding shaping Indian fintech. This was an exceptionally heavy week for Indian fintech policy. Parliament passed two landmark bills redefining digital payments monetisation and banking evidence law. The RBI held its August MPC meeting, resumed urban cooperative bank licensing after two decades, and the Delhi High Court ordered the winding up of Paytm Payments Bank. Below are the five most consequential regulatory developments of the past seven days. ...

Fintech Deep Dive — Thursday | August 06, 2026 This week’s theme: International & Cross-Border — tracking UPI’s global expansion, cross-border payment infrastructure, and the remittance corridors reshaping how money moves in and out of India. 1. Maldives Goes Live: Favara-UPI Cross-Border Corridor Opens for Real-Time Transfers The Maldives Monetary Authority (MMA) and NPCI International Payments Ltd (NIPL) announced the successful go-live of the Favara-UPI integration on 30 July 2026, marking the first cross-border payment corridor between the two nations. 1 ...

Fintech Deep Dive — Tuesday | August 04, 2026 Theme: Buzz & Funding — Startup funding, acquisitions, IPOs This week’s Buzz & Funding deep dive covers the period July 28 to August 4, 2026. It was a week of contrasting signals: IPO-bound startups hit valuation walls, listed new-age tech stocks delivered mixed earnings, and venture funding continued its gradual cooling after a blockbuster June. 1. Zepto Hits the Brakes: IPO Shelved, Pre-IPO Round at $4 Billion Valuation The biggest story of the week was Zepto’s decision to indefinitely pause its IPO plans and opt for a ₹1,000 crore (~$105 million) pre-IPO placement instead. The quick commerce unicorn, which was last valued at $7 billion in private markets, is now raising capital at a dramatically reset $4–4.2 billion valuation — a 40–43% markdown in just six months. ...

Fintech Deep Dive — Monday | August 03, 2026 Theme: Developer & Technical — APIs, SDKs, tech architecture, open banking infrastructure, and the plumbing that powers India’s fintech ecosystem. 1. NPCI’s Unified Agent Protocol: When AI Agents Start Paying Your UPI Bills NPCI is building something genuinely novel: the Unified Agent Protocol (UAP), a framework that would allow verified AI agents to initiate UPI transactions on behalf of users. First reported in late July, the UAP is being positioned as a trust and verification layer atop the existing UPI stack — not a replacement, but an extension. ...