India, Sept. 28 -- It was a busy month for India's fintech ecosystem. On the public markets, SEBI issued final observations on the proposed IPO of Social Worth Technologies, the parent company of lending tech startup Fibe (formerly EarlySalary), while digital lending unicorn Moneyview completed its stock market debut. Meanwhile, Zerodha received the regulator's nod to operate as a merchant banker, and Upstox launched US stock investing on its platform.

Beyond these developments, two themes dominated the fintech conversation in September: the growing use of AI in payments and the changing economics of fintech businesses.

With a flurry of AI-centric products, the Global Fintech Fest 2026 (GFF) in Mumbai was a major showcase this month. Bh...