RBI Governor Sanjay Malhotra announces NPCI's new authority to set UPI transaction limits for merchants, alongside a repo rate cut to 6.0%, signaling a push towards flexible digita...
The National Payments Corporation of India (NPCI) and banks are testing a 'federated model' using AI to combat UPI fraud, following a record 18.3 billion transactions in March. Lea...
UPI sets a new record with 1,830 crore transactions worth Rs 24.8 lakh crore in March, showing a significant year-on-year growth. The platform now averages 59 crore transactions da...
President Droupadi Murmu calls on RBI and banks to enhance measures against increasing e-fraud and cyber threats, emphasizing the importance of trust and security in India's financ...
Blockchain startups are flourishing, driving innovation in digital payments, supply chain management, and identity verification despite regulatory uncertainties. Industry leaders c...
The Payments Council of India has requested PM Modi to introduce MDR on UPI transactions and RuPay debit cards, proposing a 0.3% fee for large merchants to sustain digital payment ...
The Union Cabinet has approved a Rs 1,500 crore incentive scheme to promote low-value BHIM-UPI transactions among small businesses, aiming to boost digital payments. Despite govern...
Fintech unicorn Razorpay expands into Singapore, aiming to reduce cross-border payment costs and strengthen its Southeast Asia presence. With plans to explore Thailand, the Philipp...
Bank of Baroda introduces a pilot program using programmable CBDC to enable small and medium-sized merchants to offer loyalty and cashback schemes, fostering customer engagement an...
The Reserve Bank of India's decision to cut the repo rate by 25 basis points to 6.25% aims to stimulate consumer spending and ensure financial system liquidity, reflecting a calibr...
Tata Communications has sold its payment solutions arm to Australian fintech Findi, marking a significant expansion in India's financial services sector. This move aims to enhance ...
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...
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...
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 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...
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...
