Weekly Industry Updates
09/02
INDUSTRY UPDATES
India Eyes UPI - Alipay+ Link to Simplify International Merchant Payments for Travellers
India is in discussions with Ant International to link Alipay+ with UPI for cross-border payments. The integration would allow Indian travellers to use India's Unified Payments Interface (UPI) with merchants in countries that have signed up with Alipay+, covering 1.8 billion accounts and 150 million merchants, easing FX friction and travel payments.
INDUSTRY UPDATES
India’s Fintech Sector Raises $2.4Bn in 2025, Ranks Third Globally
India’s fintech ecosystem raised $2.4 billion in 2025, ranking third globally after the US and UK. Despite a cautious global investment environment, strong early-stage funding, large funding rounds, and sector consolidation helped India retain its position as a leading global fintech market.
REGULATORY UPDATES
RBI Framework for Digital Fraud Compensation
The RBI proposed a customer compensation framework for small-value digital payment frauds, offering coverage up to ₹25,000 or 85% of losses. The initiative introduces shared liability among customers, banks, and intermediaries, aiming to enhance consumer trust across digital payment channels.
REGULATORY UPDATES
Higher Collateral-Free Loan Limit for MSEs
RBI has doubled the collateral-free loan limit for micro and small enterprises from ₹10 lakh to ₹20 lakh, effective April 2026. The move is intended to improve access to formal credit, support small businesses, and strengthen economic resilience amid evolving macroeconomic conditions.
iServeU UPDATES
iServeU Enables SVC Bank’s Acquiring Expansion
iServeU successfully deployed end-to-end acquiring solutions for SVC Bank, activating over 2,000 soundbox terminals. The rollout included seamless merchant onboarding, instant device provisioning, zero-touch terminal activation, unified QR generation, end-to-end logistics, and post-deployment support at scale.
