PAYMENTS BUSINESS
Flipkart-backed Super.money partners with Juspay to expand into D2C checkout
Super.money, Flipkart’s fintech arm, has teamed up with payments firm Juspay as it prepares to launch a direct-to-consumer checkout service. The move marks a step towards building its own identity beyond Flipkart. It also comes as Juspay faces pressure from major players and shifts in the payments industry.
India’s chip debut, Sebi chief’s quantum warning
Happy Thursday! A made-in-India chip module is headed to the US. This and more in today’s ETtech Morning Dispatch.
Paytm brings entities under direct ownership to simplify its structure
Per the terms of the restructuring, Paytm will acquire stakes from its founder, Vijay Shekhar Sharma, and his entities in subsidiaries, including Paytm Financial Services Ltd, Paytm Insuretech, Paytm Emerging Tech, and Paytm Life Insurance. Paytm aims to complete all acquisitions and internal restructurings by January 31, 2026, subject to the execution of definitive agreements and necessary approvals.
Nine in ten borrowers clear EMIs within 90 days, yet lenders lose up to 70% without early intervention: Zavo survey
A study reveals most Indian loan defaults are preventable with timely borrower support. Lenders often lose significant value by not intervening early. Financial wellness platform Zavo found 90-95% of borrowers could clear dues within 90 days if offered structured help, highlighting medical emergencies and job loss as key triggers. Early, targeted interventions are crucial.
Continuous cheque clearing hits roadblocks, customers face long waits
A new cheque clearing system, intended for same-day clearance, is facing significant delays and rejections due to initial technical glitches and poor image quality. Customers report cheques taking over a week to clear, disrupting business finances. While the National Payments Corporation of India states most issues are resolved, some customers are still experiencing prolonged waits for their funds.
Tide simplifies everyday commute for MSMEs with NCMC-enabled expense card
This integration allows seamless tap-and-go payments for public transport and business travel, with real-time top-ups and balance checks via the Tide app, simplifying financial management for businesses on the move.
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Visa-owned Pismo chases large banks to scale its India biz
Visa-owned card processing startup Pismo wants to scale up in India and is working with banks while launching new products to achieve this, Vishal Dalal, global chief executive officer, told ET in an exclusive interaction. Pismo is a Brazilian fintech that Visa snapped up for $1 billion in 2024. It is now leveraging Visa's banking relationships to grow in India and other markets.
Social Security payments up to $5,108 coming on October 15 — Here's who qualifies
The second wave of Social Security payments for October 2025 is scheduled for Wednesday, October 15. This payment will be made to beneficiaries whose birthdays fall between the 11th and 20th of the month. Social Security payments going out this week can be worth up to $5,108 for some recipients. The Social Security Administration (SSA) is rolling out these benefits under a brand-new paperless payment policy. No more paper checks—payments go straight to your bank or Direct Express card.
Vedanta’s Rs 17,000 crore acquisition of Jaiprakash Associates gets CCI nod
Vedanta Limited's acquisition of Jaiprakash Associates Limited has received approval from the Competition Commission of India. This marks a significant step in Vedanta's Rs 17,000 crore bid. Vedanta emerged as the highest bidder for Jaiprakash Associates, which operates in cement, real estate, and infrastructure. The deal involves an upfront payment and subsequent annual installments.
Will you get social security payment on Columbus Day 2025? Key details every retiree must know
Social Security offices will close on Monday, October 13, 2025, for Columbus Day. This federal holiday means no in-person or phone appointments will be available. However, all online services will function normally. Retirees can manage benefits and access information digitally. Crucially, benefit payments will not be disrupted and may even arrive early.
US Treasury chief Scott Bessent says government shutdown is hitting economy
The US federal government shutdown is now in its 13th day. Treasury Secretary Scott Bessent says the closure is seriously affecting the real economy. To ensure military paychecks, other federal workers and services are being impacted. Farmers are also facing stalled aid. Economic data releases are delayed until the shutdown ends.
Vijay Shekhar Sharma says Paytm AI Soundbox will make technology and AI more inclusive for millions of Merchants
As a homegrown fintech pioneer, Paytm is leading the way in making India AI-enabled and empowering small businesses with intelligence.
Digital payments eye sharper success rates as biometrics, passkeys replace OTPs
One-time passwords (OTPs), the default second factor of authentication, have been prone to delivery issues, often leading to transaction failures, said industry executives. Passkeys and biometric authentication, on the other hand, are tied to the device, so there’s no OTP delivery issue, thereby ensuring higher success rates.
Diwali discounts fuel qcomm; TCS CEO on green shoots
As the festive season peaks during Diwali, quick commerce platforms are dialling up discounts. This and more in today's ETtech Morning Dispatch.
Easebuzz launches interoperable banking connect IBMB at global fintech festival 2025
Easebuzz has launched Banking Connect IBMB at the Global Fintech Festival 2025, a platform developed with NPCI Bharat BillPay Limited to unify net banking into a mobile-first, interoperable ecosystem.
UK PM Keir Starmer wraps up India visit with AI, fintech investments
British Prime Minister Keir Starmer announced thousands of new jobs and £3.6 billion in UK company investments across AI and fintech during his India visit. These deals, facilitated by the Comprehensive Trade and Economic Agreement (CETA), aim to boost growth and create opportunities for British businesses in India's expanding economy.
Japan raises capital requirement for business manager visa to 30 million yen
Japan has significantly tightened its business manager visa requirements, effective Thursday. The minimum investment has jumped from 5 million to 30 million yen, with new stipulations including three years of management experience or a master's degree, hiring a full-time employee, and Japanese language proficiency. Outsourcing and private lodging services are now ineligible.
Getepay launches payment switch platform ‘Vega’
Jaipur-based Getepay has launched 'Vega', its indigenously developed payment switch, designed to offer seamless, scalable, and secure payment capabilities to banks, payment service providers, and merchants. Inaugurated by actor Sanjay Dutt, Vega aims to simplify digital payments and accelerate digital transformation for financial institutions across India.
United Kingdom your no. 1 partner for finance, fintech: Keir Starmer
United Kingdom Prime Minister Keir Starmer is inviting Indian fintech companies and investors to grow their businesses in Britain. He aims to make the UK a top global partner for finance and fintech innovation. Reserve Bank of India Governor Sanjay Malhotra sees significant opportunities for collaboration between the two nations' fintech sectors.
Bira 91 staff move plea for 'leadership change'
Over 250 B9 Beverages employees have petitioned investors and the board for a leadership change, citing governance failures, delayed salaries, and deteriorating financials. Production reportedly stopped in July, and a significant debt investment from BlackRock has been withdrawn. Founder Ankur Jain acknowledged payment delays and business disruptions.
October windfall: Social Security recipients to get double payments this month — here’s why
Social Security recipients are in for a surprise this October. Millions will receive two SSI payments in one month. But don’t get too excited — it’s not a bonus. The Social Security Administration is issuing an early payment due to a calendar shift affecting November 2025 benefits.
Keir Starmer pitches UK as global fintech partner during India visit
UK Prime Minister Keir Starmer aims to position the UK as the premier global partner for finance and fintech innovation during his India visit. He invited Indian innovators to expand globally via UK partnerships, highlighting existing investments from UK firms in India and Indian fintechs' international ambitions.
Pay10 names Virat Kohli and Anushka Sharma as global brand ambassadors ahead of UPI app launch
Fintech firm Pay10 has appointed cricketer Virat Kohli and actress-producer Anushka Sharma as its global brand ambassadors to support the launch of its UPI-enabled payments app in India. The couple's endorsement aims to position Pay10 as an inclusive digital payment solution for consumers and businesses, leveraging their extensive digital reach to amplify the brand's presence.
PhonePe partners with Mastercard to launch device tokenisation
PhonePe and Mastercard have partnered to introduce device tokenization on PhonePe's payments gateway. This collaboration makes online payments more secure and seamless for users. Customers can now save their card details once on the PhonePe app and use them across various merchants. This initiative aims to simplify the checkout process, reducing transaction drop-offs and improving customer satisfaction for businesses.
People feel we inspired demonetisation, we wouldn't be suffering today if we had such heft: Paytm's Sharma
While explaining the company's roots in the payments business and the journey till now, Sharma made the remarks about the government's demonetisation decision, when high-value notes ceased to be legal tender overnight, giving a thrust to the digital payments alternatives.
NPCI launches slew of UPI-focused products
It launched an Aadhaar-based Face Authentication in UPI to enable Aadhaar-linked biometric authentication for setting or resetting UPI PIN. In addition, it launched a new mode for cash withdrawal through micro ATMs using UPI at UPI cash points which are run by business correspondents.
PhonePe launches next-gen SmartSpeaker with integrated card payments
PhonePe has launched its new SmartPOD, a device merging POS and smart speaker functions, enabling small merchants to accept both UPI and card payments. Designed in India, it supports major card networks and offers features like dual displays and celebrity voice confirmations. This move aims to boost digital payment adoption for businesses of all sizes across India.
Global financial regulations remain complex, says PayPal CEO; calls UPI the first partner on PayPal World platform
PayPal CEO Alex Chriss acknowledges global regulatory challenges. He stresses PayPal's commitment to meeting regulatory needs while benefiting consumers. The company is prioritizing cross-border payments and interoperability. A key partnership with India's NPCI for UPI is enabling seamless international transactions for Indian users. This collaboration aims to expand global commerce access.
Zoho digital payments platform in the works, says founder Vembu; company launches PoS devices
Zoho is expanding its payment offerings with new point-of-sale devices, following the launch of its payment gateway. This move aims to bolster its messaging app, Arattai, which has gained traction as a potential WhatsApp alternative. Experts suggest integrating payments and commerce, alongside interoperability features inspired by UPI, is crucial for Arattai's sustained growth and adoption.
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