Small-value payments to cost banks; Swiggy’s grim Q1

August 1, 2025

, By The Economic Times

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Happy Friday! Banks are scrambling as the government cut incentive on small-value UPI transactions. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ AI-led ad frauds cost brands billions
■ Cognizant’s financials
■ Zetwerk founders raise debt

Subsidy on small-value UPI payments cut, banks look for ways to offset cost

UPI

If the goverbment’s “free UPI” policy was already pinching banks, its latest move has turned the screw further. A fresh cut in incentives for small-value digital payments is prompting banks to quietly…

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Small-value payments to cost banks; Swiggy’s grim Q1

August 1, 2025

, Published By The Economic Times

Happy Friday! Banks are scrambling as the government cut incentive on small-value UPI transactions. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ AI-led ad frauds cost brands billions
■ Cognizant’s financials
■ Zetwerk founders raise debt

Subsidy on small-value UPI payments cut, banks look for ways to offset cost

UPI

If the goverbment’s “free UPI” policy was already pinching banks, its latest move has turned the screw further. A fresh cut in incentives for small-value digital payments is prompting banks to quietly…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Will AI make the iPhone obsolete? Here’s what Tim Cook says, ‘difficult to see a world where…’

Next News

CEO Tim Cook says Apple ready to open its wallet to catch up in AI

The Economic Times

More like this

Popular

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