EnFin: Your Fresh Source To Fintech Updates (September 2025 Edition)

7 Min Read

Updated On 01-09-2025

Odisha Launches “BharatNetra” & FinTech Capability Hub
PM Announces Fintech Reforms at ET World Leaders Forum
India Opens Banking Sector Wider to Global Investors
Fintech Reforms in Focus

Summarise with AI

With EnFin, we bring you timely insights into the fintech sector, covering new announcements, policy decisions, and emerging market dynamics. This edition of our blog compiles the standout updates from recent weeks, helping you stay on top of the industry’s rapid pace.

Odisha Launches “BharatNetra” & FinTech Capability Hub

Odisha CM Mohan Charan Majhi launched the “BharatNetra” initiative and the Integrated Global FinTech Capability Hub (I-GFTCH) with NUS and GFTN. The program will train 7,000 students over five years, starting with 375 seats in September. Aligned with Odisha’s Vision 2036 and Viksit Bharat 2047, it aims to create fintech talent, support startups, and position the state as a global hub.Originally posted by The Times of India

PM Announces Fintech Reforms at ET World Leaders Forum

At the ET World Leaders Forum, PM Narendra Modi announced reforms to strengthen fintech. The agenda includes simplifying regulations, boosting financial inclusion, enhancing cybersecurity, and protecting investors. These measures are expected to reduce compliance friction and build a leaner, more resilient, and inclusive digital finance ecosystem that fosters innovation while safeguarding systemic stability.Originally posted by Economic Times

India Opens Banking Sector Wider to Global Investors

India is gradually easing restrictions on foreign participation in banking. LIC’s reclassification in IDBI Bank and RBI’s approval of SMBC’s 24.99% stake in Yes Bank highlight the push toward attracting global capital. The shift is expected to increase competition, deepen integration with global markets, and reshape India’s fintech-banking ecosystem.Originally posted by Financial Times

Fintech Reforms in Focus

Following the PM’s announcement, discussions point to major fintech policy shifts. Proposals include allowing NBFCs to issue UPI credit, reviving New Umbrella Entities, introducing no-action letters for regulatory clarity, and exploring digital bank licenses. Together, these changes could make India’s financial system more resilient, competitive, and accessible.Originally posted by Economic TimesICAI to Introduce Audit Standards for Digital-First FirmsThe Institute of Chartered Accountants of India (ICAI) has announced plans to introduce new Information Systems Audit Standards. These will be designed specifically for tech-heavy businesses, including fintech startups, to strengthen accountability and ensure robust IT system assessments.Originally posted by The Economic Times

Real-Money Gaming Ban Hits Fintech Firms

India’s ban on real-money gaming is expected to significantly impact fintech players. Digital payment processors could lose an estimated ₹20,000–30,000 crore in monthly transaction volumes. Regtech startups may also see reduced demand as gaming platforms scale back on KYC and compliance services.Originally posted by Mint

Chandigarh’s Vision for a Fintech & Service Innovation Hub

Chandigarh is planning an “International Service Hub” across 153 acres in its Industrial Area Phase III. The hub will integrate fintech, clean-tech, knowledge outsourcing, MSMEs, and advanced logistics. Modeled partly on GIFT City but broader in scope, the initiative aims to leverage local talent, attract global investors through roadshows, and align with central schemes to build a competitive ecosystem.Originally posted by The Times of India

Satellite Fintech Hubs: India’s Next Move

A parliamentary standing committee has proposed the creation of satellite financial innovation zones in major Indian cities to complement GIFT City’s IFSC. These fintech clusters are expected to foster inclusive growth, nurture regional talent, diversify investor appeal, and expand India’s role in global finance. If implemented, this could democratize access to fintech infrastructure and encourage more balanced regional development.Originally posted by The Economic TimesRBI Holds Repo Rate at 5.5% to Balance Growth Amid Global RisksOn August 6, 2025, the Reserve Bank of India (RBI) kept the repo rate steady at 5.5%, maintaining a neutral stance. The central bank downplayed U.S. tariff concerns while noting easing inflation and stable growth forecasts. For fintechs, this stability supports borrowing costs and credit transmission, though cautious lending could temper aggressive expansion strategies.Originally posted by Deccan Chronicle

UPI Sets New High: Daily Transactions Surpass 700 Million

On August 2, 2025, India’s UPI system recorded 707 million transactions in a single day, doubling volumes compared to 2023. This milestone underscores UPI’s dominance in digital payments and is intensifying calls to reintroduce the Merchant Discount Rate (MDR) to ensure long-term financial sustainability for ecosystem players.Originally posted by Financial Express

RBI’s Tighter Co-Lending Rules May Slow Down Fintech Partnerships

India’s co-lending ecosystem—estimated at over ₹1 lakh crore—could face headwinds under new RBI guidelines. The rules mandate deeper tech integration between banks and NBFCs, raising compliance challenges and prompting a possible shift toward direct loan assignments. While fintech firms may feel the strain, smaller lenders with stronger tech capabilities could emerge as winners.Originally posted by The Economic Times

UPI Isn’t Free Forever and Someone’s Already Paying: RBI Governor

RBI Governor Sanjay Malhotra reiterated that UPI, though free for end users, incurs significant operational costs. Currently subsidized by the government, these costs are beginning to show strain as private banks like ICICI introduce charges for aggregators. This adds to the debate over the sustainability of UPI’s zero-fee model.Originally posted by The New Indian Express

IRCTC Subsidiary Secures RBI In-Principle Nod to Become Payment Aggregator

IRCTC Payments, a wholly owned arm of Indian Railways Catering and Tourism Corporation (IRCTC), has received in-principle approval from the RBI to operate as a payment aggregator. This authorization will enable the subsidiary to process digital payments via UPI, cards, and wallets, strengthening margins and improving efficiency in online ticketing transactions.Originally posted by Moneycontrol

Balance checks limited to 50 per dayUPI apps like PhonePe, GPay, and Paytm will now allow only 50 balance enquiries per day, per account. This cap applies to both manual checks and background queries. The move is meant to ease pressure on bank servers, which were often strained due to excessive balance checks.Originally posted by India TodayBank account list capped at 25 views dailyUsers can now check the list of bank accounts linked to their mobile number only 25 times per day, per app. This limit is designed to prevent unnecessary refreshes that contribute to system load.Originally posted by Economic TimesAutopay restricted to non-peak hoursRecurring payments such as EMIs, SIPs, OTT subscriptions, and bill payments will only be processed during off-peak hours: before 10 AM, between 1 PM and 5 PM, or after 9:30 PM. NPCI has stated that this change will help keep the network stable during high traffic periods.Originally posted by Hindustan TimesAutopay given 1 attempt + 3 retriesEach autopay mandate will get one main debit attempt and up to three retries if it fails, making a total of four attempts. After that, the transaction will lapse. This helps prevent failed debits from overloading the system with unlimited retries.Originally posted by Hindustan TimesPending transactions: status checks limitedWhen a payment is stuck in “pending” status, users can now check its progress only three times, with a mandatory 90-second gap between each attempt. This change discourages constant refreshing, which previously created unnecessary transaction queries.Originally posted by NDTVInactive UPI IDs auto-disabled after 12 monthsIf a UPI ID remains unused for more than a year, it will be automatically disabled by NPCI. This measure protects users in case their mobile number is reassigned to someone else.Originally posted by Trade BrainsTighter authentication for new bank accountsAdding a new bank account to a UPI app will now involve enhanced verification and stronger authentication protocols. The change is intended to minimize the risk of unauthorized account linking.Originally posted by Economic TimesThis month’s updates highlight both the opportunities and challenges shaping fintech in India. Regulatory shifts, payment milestones, and new market entrants are collectively redefining how financial services operate. Stay informed, stay ahead. Follow us on LinkedIn to never miss our weekly fintech insights.

Summarise with AI

Got Questions?

Kunal Bhardwaj

I am a fintech content writer with expertise in accounting, finance, and digital payment ecosystems. With an academic background and hands-on experience in the accounting domain, I bring strong practical insights into financial operations, compliance, and business finance. I specialize in creating high-quality, research-driven content on fintech solutions, payments, corporate finance, expense management, and financial technology trends, helping businesses and professionals make informed decisions.

Related Resources

Growth Guide

EnFin: Your Fresh Source To Fintech Updates (September 2025 Edition)

Table of Contents

Summarise with AI

Odisha Launches “BharatNetra” & FinTech Capability Hub

PM Announces Fintech Reforms at ET World Leaders Forum

India Opens Banking Sector Wider to Global Investors

Fintech Reforms in Focus

Real-Money Gaming Ban Hits Fintech Firms

Chandigarh’s Vision for a Fintech & Service Innovation Hub

Satellite Fintech Hubs: India’s Next Move

UPI Sets New High: Daily Transactions Surpass 700 Million

RBI’s Tighter Co-Lending Rules May Slow Down Fintech Partnerships

UPI Isn’t Free Forever and Someone’s Already Paying: RBI Governor

IRCTC Subsidiary Secures RBI In-Principle Nod to Become Payment Aggregator

Summarise with AI

Got Questions?

Kunal Bhardwaj

Related Resources

EnFin: Your Fresh Source of Fintech Updates (August 2026 Edition)

EnFin: Your Fresh Source of Fintech Updates (July 2026 Edition)

EnFin: Your Fresh Source of Fintech Updates (June 2026 Edition)

Don't Worry. We Hate Boring Newsletters Too.

Licenses & Certificates

Help and Support

FIND US ON

Help and Support

FIND US ON

Licenses & Certification

Collect Payments

Expenses

Make Payments

Vouchers

Rewards

Corporate Cards

Partnerships

Resources

Company

Policies And Compliance

For Developers

EnFin: Your Fresh Source To Fintech Updates (September 2025 Edition)

Table of Contents

Summarise with AI

Odisha Launches “BharatNetra” & FinTech Capability Hub

PM Announces Fintech Reforms at ET World Leaders Forum

India Opens Banking Sector Wider to Global Investors

Fintech Reforms in Focus

Real-Money Gaming Ban Hits Fintech Firms

Chandigarh’s Vision for a Fintech & Service Innovation Hub

Satellite Fintech Hubs: India’s Next Move

UPI Sets New High: Daily Transactions Surpass 700 Million

RBI’s Tighter Co-Lending Rules May Slow Down Fintech Partnerships

UPI Isn’t Free Forever and Someone’s Already Paying: RBI Governor

IRCTC Subsidiary Secures RBI In-Principle Nod to Become Payment Aggregator

Summarise with AI

Got Questions?

Kunal Bhardwaj

Related Resources

EnFin: Your Fresh Source of Fintech Updates (August 2026 Edition)

EnFin: Your Fresh Source of Fintech Updates (July 2026 Edition)

EnFin: Your Fresh Source of Fintech Updates (June 2026 Edition)

Don't Worry. We Hate Boring Newsletters Too.