digital payments News

Exploring the Future: Bank of England Deliberates on Digital Pound Introduction

The Bank of England updates on its exploration of a digital pound, highlighting progress in the design phase and considerations for its potential introduction, including the need f...

RBI Expands Digital Payment Horizons: UPI Transactions Now Via Third-Party Apps

The Reserve Bank of India (RBI) has announced a groundbreaking initiative allowing PPI users to conduct UPI transactions via third-party apps, enhancing digital payment flexibility...

October Sees a 14% Drop in Indian Forex Spending Amid Surge in Domestic Digital Payments

Indian Forex spending dropped by 14% in October, totaling $2.4 billion, as domestic digital payments surged. Despite a festive season peak, November saw a decline in all transactio...

MobiKwik's Spectacular Trading Debut: Shares Surge 85%, Valuation Hits Rs 40 Billion

MobiKwik's shares surged 85% on their trading debut, valuing the company at Rs 40 billion. The digital payments market's growth and broader IPO activity in India contributed to thi...

UPI's Global Triumph: 15,000 Crore Transactions in 2024

The Ministry of Finance announced that UPI completed 15,547 crore transactions between January and November 2024, amounting to Rs 223 lakh crore, reflecting its transformative impa...