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India’s First State E Wallet ‘T Wallet’ Launched By Telangana Government

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In a bid to bring in seamless digital transaction system for the citizens, Telangana IT Minister the Hon. K.T. Rama Rao launched India’s first state e-wallet called the T wallet on Thursday. In association with the Bengaluru based fintech startup, Transaction Analysts, the app will initially be available on Android and iOS platforms.

This wallet will allow users to make payments for government services and also receive benefits like pensions and scholarships from the government. Apart from government transactions, citizens will also be able to make use of this e-wallet for private transactions as well.

T Wallet will use two-factor authentication for security either through Aadhaar number and OTP or with the Aadhaar number and biometrics with Vijaya Bank as the banking partner. IT Minister K.T. Rama Rao, in an official statement, attributed the birth of the T Wallet to the guidance of Telangana Chief Minister K. Chandrasekhar Rao.

Hosted on Azure platform, the wallet supports English, Telugu and Urdu languages and is accessible through online web browsers, smartphones, and feature phones. This service will also be available in Meeseva and E-Seva centers for those who do not have access to mobile phones. While money can be loaded into the e-wallet to make payments, it cannot be used for cash withdrawals.

Money can be deposited into any wallet through 4 simple methods, using just the mobile number and email for transactions limits up to Rs. 20,000. Along with the regular credit/debit and net banking, money can be stored in the wallet by NEFT and IMPS, through any bank that supports both services. Meeseva and E-Seva centers can also be used to deposit money. Transaction limits can be increased to Rs. 1 lakh with KYC confirmation of the account.

Telangana, the youngest State, has already established itself as a major hub for logistics and startups. With approximately 8,000 T Wallets already opened with more than 11,000 merchants on the first day, T Wallet seems to be another feather added to their cap.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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