The Weekly Wrap: all you need to know by Friday COB | February 28th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

NPST has partnered with Hyperface to enable banks and credit issuers to offer embedded credit solutions through UPI, expanding instant credit access for millions of users in India.

With India’s growing middle class and increasing discretionary spending, affordable access to credit remains a challenge due to low credit card penetration — just 100 million cards compared to over 400 million UPI users. The NPST-Hyperface alliance bridges this gap, delivering a seamless, digital-first credit experience that enhances purchasing power, fuels consumer spending, and drives financial inclusion at scale.

Banks and credit issuers can leverage their vast infrastructure and rich customer data to offer tailored UPI-based credit products. Eligible consumers will gain access to pre-approved credit lines at the point of sale, empowering them to make purchases and split payments into flexible instalments. Merchants stand to benefit from higher conversion rates, larger basket sizes, and stronger customer loyalty.

Through this partnership, NPST will integrate its UPI switch technology with Hyperface’s advanced Embedding Banking Platform. Hyperface’s Credit Management Engine, built on a sophisticated technology stack, is a completely modular, flexible, and comprehensive solution. It enables banks to build, iterate and deploy Credit Line on UPI-ready products rapidly and re-calibrate in real time to drive scalability.

Deals of the week

• Flywire acquires Sertifi for $330m to expand travel & hospitality payments
• Capital on Tap lands £750m in funding to fuel small business growth
• Digit Insurance & KMD launch parametric cover for Delhi-NCR migrant workers
• Affirm expands BNPL partnership with Shopify to Canada & beyond
• Temu partners Atome for flexible payment checkout in Malaysia
• Google and Zaggle enhance employee perks with smart device leasing
• Indonesia drivers can now access cash loans via inDrive app
• The AA to offer instant savings & loans through NatWest Boxed partnership
• Klarna expands payment reach in Europe with Nexi partnership
• MeaWallet and Backbase expand tokenisation solutions in Australia & New Zealand

Be on the lookout for

The “Building a Future-Ready Bank” event, organised by Cedar-IBSi, is set to take place in Kuwait on May 14, 2025. This event is part of Cedar-IBSi’s 2025 Global Summit Series, which aims to bring together industry leaders, innovators, and professionals from the banking technology sector. The focus of the event will be on exploring the latest innovations, strategic partnerships, and technological advancements that are shaping the future of banking.

Attendees can expect a day filled with insightful presentations, panel discussions, and networking opportunities. The event will cover a range of topics, including digital transformation, cybersecurity, artificial intelligence, and customer experience. It will provide a platform for participants to share their experiences, discuss challenges, and collaborate on solutions that can drive the banking industry forward.

The “Building a Future-Ready Bank” event is an excellent opportunity for professionals to stay updated on the latest trends and developments in the banking sector. It also offers a chance to connect with peers, exchange ideas, and gain valuable insights that can help in building a more resilient and innovative banking ecosystem. Whether you are a banking executive, technology provider, or industry analyst, this event promises to be a valuable experience.