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RBI has expanded Payment Aggregator Authorization for Innoviti Technologies Pvt. Ltd. to include Physical (in-store) payments

Enables seamless, compliant payments across digital and in-store channels for enterprises & SMEs

BENGALURU, India, Jan. 12, 2026 /PRNewswire/ — Innoviti Technologies, India’s leading payments-centric retail SaaS platform, has been granted a Certificate of Authorization by the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payments and Settlement Systems Act, 2007.

Innoviti Technologies Pvt. Ltd. Logo

The company had earlier received RBI authorization for online payment aggregation in March 2024. With the latest authorization, Innoviti is now permitted to operate as a Payment Aggregator for both online and physical (in-store) payment transactions.

Today’s consumers increasingly move fluidly across physical and digital environments, expecting brands to recognise them and serve them consistently—whether they are shopping in-store, ordering remotely, or engaging across multiple touchpoints. For merchants, this shift calls for payment systems that are no longer defined by channels, but by the ability to support seamless, sustainable experiences wherever and whenever customers choose to transact.

Innoviti’s payments-centric SaaS platform has been purpose-built to address this evolution, bringing together online and in-store payment technologies into a reliable and secure framework—without the need to rent payment terminals or undertake complex payment gateway integrations—reflecting how modern commerce works.

Innoviti already operates India’s largest offline payments platform under the brand name innoviti unipay for marquee enterprise brands such as Reliance, Tanishq, Shoppers Stop and others. innoviti genie is a sales acceleration software that helps more than 10000 local mobile merchants with high agency to sell more with higher margins than ever before. innoviti link is India’s highest rated payment links app with 50,000+ downloads and rated at 4.9 star on Play Store and 4.8 star on App Store.

Through applications such as innoviti link, SME merchants can design modern, remote-first customer journeys—accepting payments from anywhere in the country without opening additional shops or investing in websites.

The company has been known for innovating modern technologies without compromising on cyber security and governance. Innoviti has been continuously enhancing its digital plus physical risk-centric onboarding process to ensure that only bonafide transactions of bonafide merchants are processed. Using a modern domain-driven design methodology integrated with banks and payment Application Programming Interfaces (APIs), Link enables fast, seamless, and secure payments for merchants and consumers.

Innoviti achieved operating profitability in May 2025 and is adequately capitalized to fuel its growth plan. The company is now bolstering its leadership for a sustained period of profitable hyper-growth. The expanded authorisation does not represent a new line of business for Innoviti, but a regulatory milestone in its journey of bringing together physical and digital commerce experiences.

Quotes:

Founder and CEO, Rajeev Agrawal, Innoviti said:

“Consumers today do not think in terms of online or offline—they simply expect brands to recognise them and serve them seamlessly.

Our earlier RBI authorization for online payment aggregation marked an important milestone for Innoviti. The expanded authorization to operate as a Payment Aggregator for both online and physical payments further reinforces the trust placed in our systems, governance, and compliance framework.

As India’s payments ecosystem evolves across channels, our commitment remains unchanged—to ensure that every payment processed on our platform is safe, secure, and fully compliant.”

About Innoviti Technologies Pvt. Ltd., Bangalore, India.

https://www.innoviti.com 

Innoviti Technologies Pvt. Ltd. is a payments-centric retail SaaS company enabling enterprises and SMEs to collect payments securely across online and offline channels. Its platforms process over ₹80,000 crore annually across 2,000+ cities and 50,000+ merchants, supporting digital, in-store, and remote payment use cases within a robust, RBI-regulated framework. Backed by marquee investors such as Bessemer Venture Partners, USA, FMO, Netherlands, Catamaran Ventures (Mr. Narayana Murthy’s family office), India, and the Patni Family Office, India, Innoviti is the recipient of RBI’s authorization to operate as an online and physical (in-store) payment aggregator. Innoviti’s technology edge is visible through the 14 patents awarded, with 11 more in pipeline.

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Reliance Digital Introduces High-Performance iQOO 15R to its Nationwide Store Network

MUMBAI, India, March 11, 2026 /PRNewswire/ — Reliance Digital announces the offline retail availability of iQOO, the high-performance smartphone brand built for today’s youth and tech-forward consumers. Following strong traction in online channels, iQOO is now extending its presence into physical retail, allowing customers to experience and purchase its devices first-hand at Reliance Digital stores across India.

Known for pushing the boundaries of speed, and power, the iQOO 15R is powered by the Snapdragon 8 Gen 5, delivering exceptional speed, responsiveness, and sustained performance throughout the day. It packs iQOO’s biggest battery yet in an ultra-slim 7.90mm design, making it India’s slimmest smartphone with a 7600 mAh battery.

The device features a 6.5K IceCore VC Cooling Chamber for stable performance and runs on OriginOS 6.0 based on Android 16 out of the box, supported by 4 years of software updates and 6 years of security updates. It is also equipped with a Sony LYT-700V OIS camera, a 1.5K 144Hz AMOLED EyeCare display, and IP68 & IP69 dust and water resistance, making it a dependable daily partner for professionals on the go.

The brand’s offline expansion marks an important step in deepening consumer engagement by offering hands-on access to its devices, enabling customers to explore iQOO’s powerful performance, advanced display technology, and flagship-grade camera capabilities in a real-world retail environment.

The availability of iQOO at Reliance Digital brings together two brands driven by innovation and consumer experience. While iQOO continues to build its reputation as a performance-led smartphone brand, Reliance Digital strengthens its portfolio by offering customers access to cutting-edge technology brands through its extensive nationwide retail network.

Through engaging in-store experiences, knowledgeable staff, and immersive product demonstrations, Reliance Digital aims to help consumers better understand iQOO’s performance-first DNA. This move further reinforces Reliance Digital’s commitment to staying ahead of evolving consumer preferences and serving as a preferred destination for discovering new-age technology.

With this expansion, Reliance Digital continues to play a key role in shaping India’s consumer electronics landscape by bringing future-ready brands closer to customers, while enabling smartphone brands like iQOO to build stronger connections with a growing, performance-driven audience.

The all new iQOO 15R is now available at Reliance Digital stores nationwide.

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Kotak Alts announces winner of the inaugural Katalyst Awards

Ms Himani Choudhary named Katalyst for the year – India’s Best Financial Content Creator; wins Rs. 25 Lakhs

MUMBAI, India, March 10, 2026 /PRNewswire/ — Kotak Katalyst Awards, a national initiative instituted to recognise excellence and responsibility in financial content creation has announced the winner of its first Katalyst edition. Kotak Alternate Asset Managers Limited (“Kotak Alts”) today announced Himani Choudhary as the winner. The winner was awarded a prize of INR 25 Lakhs, positioning Katalyst among the most meaningful recognitions for financial content creators in India.

Srini Sriniwasan, Managing Director, Kotak Alts, said, “The Kotak Alts Katalyst Awards were instituted to recognize content creators who are contributing meaningfully to financial literacy in India. As investor participation deepens, audiences are seeking clarity, context, and credibility. The response from creators was overwhelming and points to the new generation of financial educators.  As the inaugural winner Ms. Himani Chaudhary, exemplifies the standard of financial communication that Katalyst seeks to encourage.”

The first edition of the Kotak Alts Katalyst Awards received over six hundred entries from across 19 states and in 8 languages, reflecting the growing role of digital creators in shaping financial awareness. Conceived in response to increasing clutter and misinformation in the financial ecosystem, Katalyst is designed to recognize creators who place accuracy, transparency, and investor interest at the core of their work.

The winning content, ‘Personal Finance & Major Finance Updates’ by Himani Choudhary, was recognised for its clarity, originality, and credibility. The jury noted the content’s ability to explain complex financial concepts in a clear and measured manner, supported by strong research and a consistent focus on investor education over virality.

To ensure a robust and transparent evaluation process, the awards framework was designed and audited by EY. The top thirty entries were assessed by an academic jury.

The top 10 finalists were subsequently evaluated by a grand jury comprising Kunal Shah, Founder and CEO of CRED; Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund; and Alpesh Shah, Managing Director and Senior Partner at Boston Consulting Group, and chaired by Ananth Narayan, former Whole–Time Member of SEBI with extensive capital markets and regulatory experience.

The Katalyst Awards recognise financial content creators who priorities financial literacy, substance, and long–term investor interest. Through this initiative, Kotak Alts aims to encourage responsible financial communication and support the development of informed and confident investors across India.

About Kotak Alternate Asset Managers Ltd: Kotak Alternate Asset Managers Limited (‘Kotak Alts’), a part of Kotak Mahindra Group (‘Kotak’), focuses on Alternate Asset Management and Investment Advisory businesses. Kotak Alts was set up in early 2005 and has raised, managed, and advised over USD 22 billion across different asset classes, including Private Equity, Real Estate, Infrastructure, Special Situations, Private Credit, and Investment Advisory. The asset management business and investment advisory vertical are managed by independent specialist teams. For more information, visit https://www.kotakalternateasset.com/

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Paperpal for Life Sciences Establishes HIPAA Readiness, Strengthening Enterprise Adoption of AI in Regulated Medical and Scientific Writing Workflows

MUMBAI, India, March 10, 2026 /PRNewswire/ — Paperpal for Life Sciences, an enterprise-grade Artificial Intelligence (AI) platform by Cactus Communications, purpose-built for Medical Affairs and Life Sciences organizations, announced the completion of an assessment evaluating its operational and technical safeguards to support Health Insurance Portability and Accountability Act (HIPAA) requirements. This milestone reinforces Paperpal’s commitment to meeting the rigorous standards of security, data protection, and regulatory readiness required for regulated scientific workflows.

Growing AI use in medical affairs writing and publication workflows is intensifying scrutiny on data privacy, governance, and regulatory accountability. To support these evolving needs, Paperpal for Life Sciences has undertaken an assessment of its systems and processes to evaluate readiness to support HIPAA compliance, where applicable, and now proudly offers the option to execute a Business Associate Agreement (BAA) for Protected Health Information (PHI) and Personally Identifiable Information (PII). This offering gives customers the confidence that PHI or PII, if received, is handled securely and responsibly, in line with regulatory expectations and enterprise risk management practices.

Paperpal for Life Sciences provides AI writing, literature search, source-grounded summarization with citation support, and critical publication checks, powering medical affairs content creation under stringent data privacy and governance controls. The platform accelerates research-to-publication timelines by upto 25%, supporting faster dissemination of clinical evidence and earlier commercialization of new drugs and therapies.

Nishchay Shah, Group CTO and EVP, Products and AI at Cactus Communications, said, “As AI becomes foundational to regulated scientific and medical workflows, compliance and trust are no longer optional. Paperpal for Life Sciences’ HIPAA readiness measures reflect our secure-by-design approach to AI, strong data governance framework, and alignment with real-world enterprise and regulatory requirements. This milestone enables organizations to adopt AI at scale with confidence that their data, processes, and compliance obligations are protected .”

Elvira Dsouza, President, Cactus Life Sciences, added, “Medical Affairs and Life Sciences teams operate in highly regulated environments where scientific rigor, data privacy, and compliance are non-negotiable. HIPAA readiness positions Paperpal for Life Sciences as a trusted AI partner, one that enables organizations to accelerate evidence generation and scientific communication without compromising regulatory integrity .”

With this announcement, Paperpal for Life Sciences reinforces its position as a purpose-built, enterprise-ready AI platform for medical affairs content generation that supports innovation while meeting the highest standards of privacy, ethics, and regulatory compliance.

Media Contact:

Nidhi Amin

nidhi.amin@cactusglobal.com 

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