Deep Dive

Fintech Weekly Deep Dive — Bank of America’s $1.9 Billion Jio Credit Bet | Week of August 10–16, 2026 Executive Summary On August 12, 2026, Bank of America and Jio Financial Services announced the largest foreign investment in an Indian non-bank lender in recent memory: up to ₹18,268 crore ($1.9 billion) for a 49.9% stake in Jio Credit Limited, the digital lending subsidiary of Mukesh Ambani’s financial services arm. The deal values the two-year-old NBFC at approximately $3.8 billion — 2.5 times its net worth — and signals a structural shift in how Wall Street approaches India’s credit markets. ...

Fintech Deep Dive — Sunday | August 16, 2026 This week was a landmark one for Indian fintech. From the largest-ever foreign direct investment in an Indian digital lending platform to Parliament opening the door on UPI charges, from a mega venture fund signalling renewed investor confidence to UPI smashing yet another record on its way to a decade of existence — here are the five stories that defined the week. ...

Fintech Deep Dive — Consumer Rights | August 15, 2026 This week’s deep dive examines the consumer rights landscape in Indian fintech — a week where regulators, courts, and law enforcement all moved to tighten protections for citizens caught in the crossfire of digital finance. 1. Government Blocks 3,718 Fraudulent Apps, Saves ₹11,158 Crore Through 32.8 Lakh Complaints The Ministry of Home Affairs disclosed in the Lok Sabha on August 11 that the Indian Cyber Crime Coordination Centre (I4C) has blocked 3,718 mobile applications — including a large number of fraudulent loan apps — through June 30, 2026. Over 15.75 lakh SIM cards and 5.77 lakh IMEI numbers have also been blocked. ...

Fintech Deep Dive — Friday | August 14, 2026 This week’s policy and regulation deep dive covers five major developments: Parliament’s amendment opening the door to selective UPI MDR, the RBI Governor’s comprehensive AI governance roadmap for banks, a landmark proposal to harmonise lending-rate transparency across all regulated entities, BRICS payment system interoperability talks, and a SEBI enforcement action against Paytm KMPs. Each story carries implications for how India’s fintech ecosystem will be governed, taxed, and expanded in the coming years. ...

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. ...