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DIGITAL PAYMENT
UPI MDR spurs soundbox expansion beyond metrosThe industry has scope to increase soundbox deployments from about two crore to five crore over time, a top official at the National Paymen...
From 95% imports to Rs 6.27 lakh crore in smartphone output: Jyotiraditya Scindia on India's mobile manufacturing growthIndia's mobile phone manufacturing sector has grown from two companies to 300 over the last 12 years. The country now produces smartphones ...
UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital creditIndustry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while finte...
UPI volume rises 27% to touch 145 billion in first half of FY27This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by ...
Bank holiday on October 2, 2026: Are banks open or closed today on Gandhi Jayanti?On October 2, 2026, India will observe Gandhi Jayanti as a national holiday, affecting all banks. Public and private sector banks will be c...
Beyond scale: India’s payments leaders to map the future for UPI, do you have your ‘two cents’ to share?India has recorded unparalleled growth in the UPI ecosystem, in terms of penetration and scale. The question now is, what is next? At this ...
10 years of Jio: Special JioBharat offer brings 4G upgrade at an affordable priceJio celebrates its decade-long journey of connectivity in India with a new offer for JioBharat phones. The Anniversary Offer aims to facili...
AIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactionsAIMRA is organizing a 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate. The proposed charges are anticipate...
India business confidence rises 8% in September despite global headwinds: ASSOCHAMIndia's business landscape showed remarkable resilience as confidence levels surged by 5.6% in the first half of FY27 according to the ASSO...
Apple Pay vs UPI: Which requires fewer steps to make a payment?Apple Pay has launched in India through a partnership with Axis Bank, giving iPhone users another way to make payments at stores and online.
Apple Pay comes to India with Axis Bank Visa, Mastercard credit cardsApple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their V...
Apple Pay launches in India: iPhone XR and later supported, Apple Pay VP Jennifer Bailey on why nowApple Pay has finally launched in India, more than a decade after its US debut. The service is initially available on iPhone, iPad and Appl...
IIT Madras study finds highly educated professionals among financial cybercrime victimsA study by IIT Madras indicates that educated professionals are frequent victims of financial cybercrime. The research highlights that high...
Mobile phone retailers to protest against UPI MDR charges on Oct 2Mobile phone retailers across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Associati...
UPI fee could recover up to Rs 15,000 crore annually while keeping most transactions freeNational Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transactions. This could help recover about...
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chiefGold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silve...
Pine Labs teams up with Google Cloud to bring AI agents to merchantsPine Labs has announced a partnership with Google Cloud to support Indian merchants in future AI-driven commerce. The collaboration aims to...
PhonePe to hire 20,000 staff, deploy 50 lakh payment devices in next yearIn an ambitious move to bolster India's digital payment landscape, PhonePe is set to hire more than 20,000 sales professionals aimed at exp...
As SMEs digitise and expand globally, foreign banks have a crucial role to play: DBS Bank India’s Divyesh DalalDBS Bank India is enhancing its support for SMEs with the launch of its new Collections Orchestration platform, aiming to streamline paymen...
UPI's free lunch is over: Why the 0.4% MDR charge is fair, needed and overdueDigital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new ...