In a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...

Here’s a close look at the MDR’s journey over the years and what its reintroduction will mean for large merchants, banks and payment servic...

Large Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.

Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement...

RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23. The shift t...

Highlighting achievements of the Union government since 2014, she added that the economy has clocked 7,400 crore digital payments worth Rs ...

In 2020, the National Payments Corporation of India (NPCI) issued a notification capping the market share of any single entity on UPI to 30...

Nirmala Sitharaman presented the much-anticipated Union Budget 2021-22 on Monday, aimed at boosting the pandemic-hit Indian economy. Here's...

Industry experts said reforms to further the country’s financial inclusion mandate through effective use of technology could be expected fr...

In 2006, the RBI tried to increase banking outreach and pick up financial inclusion by introducing the Business Correspondent model to the ...

Digital payments have grown by leaps and bounds since PM Modi embarked on a drive for financial inclusion.

Rs 5,000 penalty per day for big merchants who do not offer UPI, QR-based options to consumers

RBI has split the amount of MDR, fee that shop keepers charge customers, into two – for merchants with turn-over of less than Rs 20L & the ...

Apart from giving another push to digital payments, the GST Council today could cut GST on some items from the top 28% rate.

Last month, the RBI issued a draft circular, where it classified merchants into small and other categories with levy of 0.95% of the transa...

FM Jaitley today outlined a roadmap for cashless payments, which is one of the government’s key agendas after the demonetisation exercise.

This proposal will also bring some tax benefit to the businessmen, if 50% or above of their total money is paid through debit or credit car...