Pranil Palan

Razorpay has appointed Mrityunjoy Das as Director, Domestic Payments (Strategic Accounts). In his new role, he will drive growth within the payments ecosystem and strengthen strategic partnerships to enhance Razorpay’s market presence in enterprise segments.   With over a decade of experience in enterprise strategy, client engagement, and digital payments, Mrityunjoy brings proven leadership in advancing financial solutions. His appointment marks a strategic step in Razorpay's mission to deliver tailored, high-impact payment offerings to its clients.   Focused on elevating customer value and scaling Razorpay’s retail payments footprint, Mrityunjoy will play a central role in innovating solutions that align with evolving market dynamics. His leadership is expected to reinforce the company’s commitment to delivering superior service, fostering robust partnerships, and providing seamless customer experiences in the digital payments space.   Previously, he has been part of companies such as Bajaj Allianz Life Insurance, GLOBAL VISION, Info Edge India Ltd., and PayU. #ThePortfolioMagazine #LeadershipUpdate #Razorpay #DigitalPayments #FintechIndia #StrategicGrowth #EnterpriseSolutions #ClientEngagement #PaymentsInnovation #RetailPayments #MrityunjoyDas #FintechLeadership #Partnerships #CustomerExperience #PaymentsEcosystem

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Weaver Services raises $170 million from Lightspeed, Premji Invest and Gaja Capital Housing finance platform Weaver Services has raised $170 million (around Rs 1,450 crore) in a round led by Lightspeed and Premji Invest with participation from Gaja Capital, as it looks to tap into the growing demand for the affordable housing segment with a focus on self-employed individuals. Moneycontrol was first to report about Lightspeed and Premji Invest leading Weaver Services' large-ticket fundraise, exceeding $140 million, on July 28. The investment will accelerate Weaver's asset acquisition, fund technology development, and expand reach across tier-2 and tier-3 cities where the affordable housing gap, as per the company, is the most acute. The company, which has already acquired Capital India Housing Finance for Rs 267 crore, will acquire more companies as it looks to scale its loan book and capture a larger share of the market. “We aim to make housing finance more accessible to the people of India by leveraging technology and placing customers at the centre of our focus thereby bringing in a new paradigm in the space,” said Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services.Satrajit Bhattacharya Bhattacharya is an industry veteran with three decades of experience at HDFC Ltd. As part of his relationship with the bank, its former chief Keki Mistry also has invested some money in the company, Moneycontrol had reported earlier. by Tushar Goenka https://lnkd.in/g-X4d644

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WhatsLoan-046 Bharat Series Sept 2025 BNPL as Convenience Commerce 1. Why RBI is Restricting BNPL RBI’s stance is shaped by risk, regulation, and consumer protection: • Unsecured Lending in Disguise: BNPL looks like a simple checkout option, but in reality it extends credit without the safeguards of a loan (no KYC, no credit bureau reporting in some cases). • Weak Oversight: Payment aggregators were running quasi-lending operations without NBFC licenses or RBI approval. • Systemic Risk: If left unchecked, millions of micro-loans can build up hidden credit exposure outside regulated lending channels. • Consumer Protection: Customers may not realize that delayed payments incur penalties, or that defaults impact their credit. Hence, RBI treats BNPL as lending rather than just a “convenience commerce and payment option.” 2. Why BNPL Can Feel Like “Convenience Commerce” (30–90 Days) • For short-term deferrals (15–90 days, single payment), BNPL resembles a checkout convenience, like “pay at delivery” or a free grace period. • These are usually zero-cost to customers, funded by merchant discount rates (MDR) or fees. • From a consumer’s perspective, it feels like commerce facilitation, not debt. But the catch: even this short-term exposure involves the BNPL company advancing money to merchants and carrying repayment risk, which is credit in regulatory terms. 3. When BNPL Becomes Like Credit Cards (Up to 12 Months) • When repayment is structured into EMIs (3–12 months), BNPL mirrors credit card EMI products. • RBI expects: • Credit bureau reporting • Interest/charges disclosure • Regulatory capital and provisioning (like banks/NBFCs) • This aligns BNPL with regulated revolving/term credit products. 4. Beyond 12 Months → Treated as Unsecured Lending • Anything beyond 12 months clearly ceases to be “short-term convenience.” • It becomes a personal loan in EMI disguise, needing: • NBFC license or partnership with a regulated lender • Standard loan agreements • Fair lending practices (APR disclosure, collections framework) 5. The Regulatory Logic • 0–90 days → Convenience commerce (but RBI still cautious, since money is advanced). • 3–12 months → Treated like credit cards/consumer durable loans, with EMI structure. • 12+ months → Pure unsecured lending, only permissible through NBFC/bank partnerships. In effect, RBI is saying: If it looks like credit, designed like credit, and carries repayment risk, it must be regulated as credit.

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Big milestone for Xflow! 🎉 We’ve received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cross Border-Exports & Imports (PA-CB-E&I). In the world of payments, core licensing matters deeply, it’s not just a regulatory checkbox, it’s a marker of trust. Being authorized by the RBI means that we’re building with the right foundations, the right intent, and a long-term mindset. This moment has been a giant team effort, across legal, partnerships, risk, compliance, ops, engineering and more, and we wouldn’t have made it here without the unwavering support of our partners, advisors, and early believers. We’re excited about what this unlocks as we continue building modern cross-border payments infrastructure for Indian businesses, simple, compliant, and global by design. Let's make global money movement smarter. PS: We got covered in the news, I've included a link to the article in the comments section. #Payments #RBI #Fintech #CrossBorder #Compliance #License

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Kicking off the evening at Unlocking the Future of Finance with Agentic AI, Sugandh Saxena, CEO of FACE, framed the discussion with a clear call: AI must serve the end user. FinTechs have already played a defining role in scaling digital lending and financial services across India. Now, AI is poised to take that further — breaking down barriers of language, geography, and information asymmetry. But it’s not just about access. It’s also about trust. AI can help reduce cyber fraud, flag suspicious activity in real time, and strengthen consumer protection. As we embrace these technologies, the goal must remain clear: making finance more inclusive, transparent, and secure. #Fintech #AIinFinance #DigitalLending #ConsumerProtection #CyberSecurity #FinancialInclusion #ResponsibleAI #FaceOfIndia #FutureOfFinance #SROFT

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Exciting Funding Update! TransBnk - Transaction Banking Platform is a Mumbai-based banking infrastructure startup founded in 2022 by Vaibhav Tambe, Lavin Kotian, Sachin G. and Pulak Jain. The company builds an API-driven platform for transaction banking, enabling fintechs, corporates and non-banking finance companies to connect with multiple banks for onboarding, escrow management, reconciliations and other financial operations. ~Team Rishav Agarwal | CA Kailash Kushwaha | CS Sarita Magar | Sarvneek Kohli | Clinton G. | Pratekk Agarwaal #TransBnk #FundingUpdate #BessemerVenturePartners #ArkamVentures #FundamentumPartnership #8iVentures #AccionVentureLab #GMO #SeriesB #FintechInfrastructure #APIBanking #GlobalExpansion #IndiaToWorld

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🚨 Digital lender Zype raises Rs 90 Cr led by UNLEASH Capital Partners. AI-led digital lender Zype has secured ₹90 crore in Series B funding led by UNLEASH Capital Partners, with Xponentia Capital also participating. The startup plans to use the capital to expand its credit and payments offerings, grow in Tier II and III cities, and build a profit-first, sustainable lending model. Founded in 2023, Zype has already become profitable, serving 3 lakh+ borrowers and disbursing ₹1,300+ crore in loans, targeting India’s emerging salaried class with urgency-driven credit. By Sayan Sen Read more: https://lnkd.in/dhdHJ7Vs #FintechIndia #DigitalLending #ZypeFunding #Tier2Tier3Growth

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🚨 Breaking: IRCTC is now a fintech. RBI just gave IRCTC iPay the green light to be a Payment Aggregator. Yes — the same IRCTC that made us refresh 17 times to book a tatkal ticket… will now compete with PayU, Razorpay. But with Indian Railways vibes. 🚂💳 Why the move? Because payments = money. Why RBI said yes: 1️⃣ Built-in traffic – 66M+ registered users. Millions of transactions daily. Zero customer acquisition struggle. 2️⃣ Nationwide reach – Metro to Tier-4 towns. IRCTC’s footprint is unmatched. 3️⃣ Govt-backed trust – In a world where fintech licenses get yanked, PSU stability is RBI’s comfort blanket. 4️⃣ Fits India’s playbook – RuPay, UPI, ONDC… and now IRCTC Payments. All “Made in India”, all on homegrown rails. From tickets → catering → tourism → now fintech… IRCTC isn’t just moving people. It’s moving money. If they pull this off, IRCTC could own one of the largest captive transaction ecosystems in India. Would you trust IRCTC with your payments… given its loading screen history? #IRCTC #Fintech #RBI #DigitalPayments #UPI #India #DecodeFintechWithPoojaKanodia

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𝐖𝐡𝐲 𝐚𝐫𝐞 𝐡𝐮𝐧𝐝𝐫𝐞𝐝𝐬 𝐨𝐟 𝐍𝐁𝐅𝐂𝐬 𝐬𝐭𝐢𝐥𝐥 𝐬𝐭𝐮𝐜𝐤 𝐢𝐧 𝐩𝐚𝐩𝐞𝐫𝐰𝐨𝐫𝐤 𝐡𝐞𝐥𝐥 𝐰𝐡𝐢𝐥𝐞 𝐭𝐡𝐞𝐢𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐡𝐚𝐯𝐞 𝐠𝐨𝐧𝐞 𝐝𝐢𝐠𝐢𝐭𝐚𝐥? In our latest podcast, Kinjal Vadgama of Sarthi Money breaks down the real reasons behind the digital inertia in Bharat’s lending ecosystem and what it takes to cross the tech chasm.  Don’t miss this sharp, on-the-ground take: https://lnkd.in/gyzvWhNV #signedandsealed #digitaltransformation #itmustbeussigndesk #theundisputedleader #digitalcontracts

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The RBI’s latest Digital Payments Index reaching 493.22, a nearly 5x jump since 2018, captures just how far India has come in building a truly digital economy. When I started building in the payments space over 10 years ago, things looked very different. Collecting payments online was complicated, trust in digital systems was low, and most small businesses were offline. Watching how rapidly that’s changed and adding our efforts in accelerating that change, has been one of the most rewarding parts of my journey as an entrepreneur. The growth we’ve seen isn’t just about volume. It’s about access. Today, Tier 2 and Tier 3 cities are on digital highways, and millions of small businesses are plugged into opportunity. As the ecosystem matures, the opportunity now lies in strengthening digital trust, making systems fraud-resilient, and ensuring that financial tools reach every corner of the market, including underserved MSMEs. Thanks to Fortune India for featuring my thoughts in their story on India’s digital payments momentum. You can read the full feature in the comments.

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Paytm’s wealth-tech arm Paytm Money has joined forces with JioBlackRock Mutual Fund to roll out an AI-powered Systematic Active Equity (SAE) Flexi Cap Fund tailored for retail investors. The new fund offer (NFO) opens on September 23 and closes on October 7, with subscriptions starting from just ₹500 through SIP or lump sum. Developed by US-based BlackRock, the SAE fund uses artificial intelligence and machine learning to analyze massive datasets across nearly 1,000 Indian companies, aiming to deliver smarter equity investment decisions. With an indicative expense ratio of 0.5%, the initiative combines Paytm’s digital-first, zero-commission reach with JioBlackRock’s investment expertise, making advanced global strategies more accessible to Indian retail investors. #PaytmMoney #JioBlackRock #MutualFunds #AIInvesting #WealthTech #RetailInvestors #InvestmentStrategies #FintechInnovation #StockMarketIndia #FinancialFreedom #SmartInvesting #DigitalFinance #cxolanes

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