India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024 (Gopika Gopakumar/Reuters)

Gopika Gopakumar / Reuters: India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024 — India's central bank said on Friday it has cancelled the banking licence issued to Paytm Payments Bank Limited, more than two years …

Sources: India is piloting 10 schemes to test whether its CBDC, the e-rupee, can deliver welfare payments more efficiently, as it looks to boost e-rupee usage (Reuters)
WhatsApp partners with PayU to roll out prepaid mobile recharges in India; it remains a marginal payments player in India despite launching payments in 2020 (Jagmeet Singh/TechCrunch)
Counterpoint: India's smartphone shipments fell 3% YoY in Q1 2026, a six-year low, as price hikes weigh on sales; 80+ smartphone models saw price hikes of ~15% (Abhinav Parmar/Reuters)
Sensor Tower: India's mobile app IAP revenue crossed 300M in Q1, up 33% YoY, with non-gaming apps generating 200M+, much of it captured by global platforms (Jagmeet Singh/TechCrunch)

Source: Techmeme | 2026-04-24

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