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14 June 2026 · Product Growth Daily Brief
NPCI BHIM Services will provide Canara Bank with UPI payment technology through bank plugins, integrating latest UPI features and upgrades on the bank's app. This move aims to improve security and scalability while reducing costs of maintaining independent payment interfaces.
RBI is considering introducing a licensing regime for corporate business correspondents, potentially bringing direct regulatory oversight to fintech companies operating in this space. Currently, fintechs rely on partner banks for regulatory compliance, but this could create direct accountability to the central bank.
Enterprise SaaS startup Rivvun AI secured fresh capital along with deeptech companies Ethereal Machines (₹272 crore) and 4baseCare (₹128 crore). This signals continued investor confidence in B2B SaaS solutions despite overall funding decline of 17.88% compared to 2025.
Chennai-based SaaS company Zoho unveiled its indigenously designed server named Nathu La, marking progress in building a complete technology stack from hardware to software applications. This represents India's push toward technological sovereignty and reduced dependence on foreign hardware infrastructure.
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