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DIGITAL PAYMENTS ECOSYSTEM INDIA
India's private consumption projected to reach $1.9 trillion by 2030: FICCI-Deloitte reportIndia's private consumption is projected to reach $1.9 trillion by 2030. This growth stems from rising incomes and rapid digital adoption. ...- CoinDCX strengthens partnership with law enforcement; conducts crypto investigation training for Mira-Bhayander, Vasai-Virar PoliceCoinDCX successfully concluded a crypto investigation and VDA awareness program for police. The initiative aimed to strengthen awareness an...
- India paves way for return of merchant fees on digital paymentsIndia has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement ...
- Government invites online applications from August 17-31 to get recognised as GATCsIndustries can apply to become Government Approved Test Centres online until August 31, 2026. This initiative aims to expand India's verifi...
- Jefferies sees Paytm, Pine Labs gaining from proposal to levy MDR on UPI transactionsIndia's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for ...
- Payment Bill rekindles MDR hopes for large-value UPIProposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintec...
- Govt to move amendments to IT Act to pave way for levy of MDRET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an i...
- EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
- New Tax Bill sweetens deal for electronics makers, global investorsThe Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...
- One MobiKwik Q1 Results: Firm reports profit for 3rd consecutive quarter; stock jumps 9% on strong performanceFintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a...
- India's data centre boom may drive 195 mn sq ft housing demandIndia's proposed data centres will create nearly 4.33 lakh ecosystem jobs. This expansion is projected to generate substantial residential ...
- Banks propose 'Yes-No' prompt for high-risk UPI transfers to curb digital payment fraudsIndian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digita...
- UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactionsUPI transactions reached a new high of Rs 29.9 lakh crore in July. The volume of these transactions also saw a significant increase during ...
- Beyond property search: From documentation to maintenance, how India's online real estate experience is changingIndian online real estate platforms are expanding beyond property discovery services. These companies now offer integrated solutions for th...
- Maldives launches Favara-UPI payment service with IndiaMaldives has launched real-time fund transfers to India using UPI. This integration connects Maldives' Favara system with India's popular p...
- PhonePe to help businesses read India's market pulse in real timePhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that converts aggregated and anonymised digital transaction data...
- The evolution of mobile banking apps into financial operating systemsMobile banking apps now serve as primary financial interfaces for millions. Consumers expect a single platform for all their financial need...
- UPI now accepted for online Burj Khalifa bookings before Indians arrive in Dubai; first for UAE attractionIndian travellers can now book Burj Khalifa tickets online using UPI. This integration makes the Dubai attraction the first in the UAE to a...
- Text message scams jump 146% in India amid rise in scam-led digital fraud: ReportText message-based scams in India have surged 146 per cent, highlighting a sharp shift in the country's digital fraud landscape towards sca...
- UPI MDR may return for large merchants: What it means for your digital paymentsIndia's government is considering a small Merchant Discount Rate for large UPI retailers. This potential change aims to create a sustainabl...
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