Latest news with #AjinkyaKawale
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Business Standard
12 hours ago
- Business
- Business Standard
Fintech industry seeks UPI merchant discount rate levy on large sellers
MDR refers to a fee that merchants pay banks or companies processing payments for executing a transaction Ajinkya Kawale Mumbai Listen to This Article A proposed framework to introduce a fee structure for Unified Payments Interface (UPI) transactions that will target large merchants, while ensuring that end users continue to make payments without any merchant discount rate (MDR), is being pursued by the sector, according to sources from the financial technology (fintech) industry. This comes even as the Ministry of Finance, in a social media post on X last week, clarified that it did not plan to introduce an MDR on UPI payments. If the proposal is accepted, customers who use UPI for daily transactions will not have to pay any fee to continue
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Business Standard
02-05-2025
- Entertainment
- Business Standard
Videos perform better than static photo posts, says Instagram's Mosseri
At WAVES Summit, Instagram head Adam Mosseri says videos outperform static content on average while emphasising India's role in driving platform trends and engagement Premium For creators, he suggested that having clarity about individual goals is important. Ajinkya Kawale Mumbai Listen to This Article Adam Mosseri, Head of Instagram, said that videos tend to perform better than static photos, even as the platform does not prioritise any specific content format or suppress others. 'On average, [Reels] get more likes, more sends and more watch time and therefore it will do better in ranking and just with reach. But that's not true for all creators. Some creators have great success in posting photos or static,' said Mosseri. He was speaking at the World Audio Visual Entertainment Summit (WAVES) event in Mumbai. 'What we're always trying to do is help people connect with content that they're
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Business Standard
02-05-2025
- Entertainment
- Business Standard
Time spent on gaming grows 30%, 18-30 ages dominate India's market
Lumikai report shows gaming time in India rose to 13 hours a week in 2024, driven by young users aged 18-30, with UPI accelerating in-game payments and monetisation Ajinkya Kawale Mumbai Listen to This Article Indians spent 13 hours per week playing games in 2024, a 30 per cent increase from the 10 hours spent weekly in previous years, according to a report. A preference for games comes on the back of motivations such as relaxation, socialisation, and self-expression, data from gaming venture capital (VC) firm Lumikai shows. Demographics between the ages of 18 and 30 dominate gaming in India, making up 43 per cent of the survey's respondents. About three out of ten gamers belong to the 30–45 and 45+ age groups, respectively. 'India has become a country where people started to play online
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Business Standard
29-04-2025
- Business
- Business Standard
NPCI springs to action with two new circulars to contain UPI outages
The NPCI has directed banks to implement changes in the response time of UPI APIs by June 16 this year. These guidelines, shared with banks and other stakeholders, aim to reduce UPI network outages Ajinkya Kawale Subrata Panda Mumbai Listen to This Article The National Payments Corporation of India (NPCI) issued two new circulars last week, outlining guidelines for the use of application programming interfaces (APIs) in the Unified Payments Interface (UPI) system. This follows network outages earlier this month. One of these circulars outlines the guidelines for the reduction in the response time for four UPI APIs, whereas the second one lists directions to prevent the misuse of all APIs associated with the real-time payments system. The NPCI has directed banks to implement changes in the response time of UPI APIs by June 16 this year. These guidelines, shared with
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Business Standard
22-04-2025
- Business
- Business Standard
Bitcoin, Dogecoin, Ethereum lead crypto holdings on CoinSwitch in Q1
Crypto markets are gaining momentum as Bitcoin has bounced back, surpassing $87,000 after dipping to $74,500 earlier this month Ajinkya Kawale Mumbai Listen to This Article Virtual digital assets (VDAs) such as Bitcoin, Dogecoin and Ethereum were among the most held assets on homegrown crypto exchange platform CoinSwitch during the first quarter of calendar year 2025 (Q1CY25). This was followed by Shiba Inu, Ripple and Cardano. Polygon, Internet Computer and Solana retained their positions since December 2024. Pepe emerged among the top ten VDAs held by crypto investors in India during the quarter. For trading crypto, Ripple was the top choice on the exchange. Ripple had a 13.3 per cent share of total trading activity during the quarter after it replaced Shiba Inu. It was followed
