This Week in Aussie & Indian Fintech

The Money Yarn — This Week in Aussie & Indian Fintech Pull up a chair. Here’s what went down in the world of startups, bills, and big money moves. ⸻

Australia: Xero slims down: The accounting giant is cutting 700+ jobs. Efficiency isn’t a buzzword anymore — it’s survival. SaaS margins are under the microscope, and even the big dogs are trimming fat.

Tap & go goes deeper: New data shows over 96% of point-of-sale payments in Aus are now contactless. QR might be the future, but in Australia, it has to be instant, effortless, and addictive to compete.

Treasury eyes 'PayTo' expansion: Australia's real-time debit system is gaining traction. It's not just for subscriptions anymore — the goal is to take a bite out of Visa & Mastercard's lunch. ⸻ India: Paytm’s pause: The RBI crackdown fallout continues — Paytm Payments Bank has halted most operations. Reminder: regulation is no longer a postscript — it’s the whole script.

Cred lands another punch: Kunal Shah’s Cred has quietly crossed 20M users. It's not just about credit card payments anymore — they’re building a full-stack wealth & bill ecosystem for urban India.

UPI goes global (again): After UAE, Sri Lanka and Mauritius — UPI is now set to expand into France. Scan-and-pay, made in India, exported with pride. ⸻ 🎯 Bonus Byte: Klarna just dropped a new AI-powered shopping assistant built entirely on OpenAI.

From BNPL to BFF — fintech is blending hard money flows with soft UX.

Meanwhile, in Sydney and Mumbai, founders are just trying to make their apps not crash during checkout. Progress is layered — but the momentum’s real. ⸻ Whether you’re debugging your next payment flow or sipping chai over tax returns — remember: money’s messy, but it tells the best stories.

Catch ya next Sunday.

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