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PIDF SCHEME
Top 10 wilful defaulters owe Rs 40,635 crore to banks, ABG Shipyard leadsIn a troubling financial forecast, top wilful defaulters are on track to owe banks over Rs 40,000 crore by March 2025, with ABG Shipyard at...- IPO-bound PhonePe targets growth in payments, merchants, new platformsWalmart-backed PhonePe is preparing for an IPO likely in April, with plans to expand its presence in digital payments while growing its fin...
- Paytm ahead in merchant payments, PhonePe leads consumer play: Bernstein reportThe two companies’ payment margins are similar if PhonePe’s P2P volumes are adjusted for, showing that both are at nearly the same level wi...
- Jefferies cuts Paytm price target to Rs 1,450 on incentive structure changesJefferies has cut its price target on Paytm to Rs 1,450 after removing PIDF incentives from estimates, trimming EBITDA forecasts for FY27 a...
- Investec backs Paytm’s digital ‘toll road’, sees 23% upside despite 15% fall. Key reasons hereThe brokerage’s bullish view on the Paytm parent is driven by three key triggers, led by India’s rapidly expanding digital payments ecosyst...
- Paytm shares tumble 9%, down in 4 out of 5 sessions. Company clarifies on recent reportsPaytm's stock experienced a significant drop due to market worries about the Payment Infrastructure Development Fund. This scheme's potenti...
- UPI recognised as world's largest real-time payment system by IMF; accounts for 49% of global transactionsAs per the Ministry, as of October 31, 2025, approximately 5.45 crore digital touch points have been deployed through PIDF in tier-III to 6...
- RBI extends PIDF scheme by 2-years till Dec 2025Reserve Bank of India (RBI) extended the Payments Infrastructure Development Fund (PIDF) Scheme till December 2025, expanding its coverage ...
- India card payments market to surpass $728 billion in 2027, forecasts GlobalDataGlobalData’s Payment Cards Analytics reveals that card payments value in India registered a strong growth of 26.2% in 2022, supported by th...
- India moves to leadership position in large-value digital payment system: RBI reportThe RBI stressed that the learnings from the benchmarking exercise are expected to facilitate further improvements in the payments landscap...
- Over 1.18 crore payment devices deployed across country till April: RBI dataBesides, 1,14,05,116 digital devices, including inter-operable QR code-based payments such as UPI QR, Bharat QR, were deployed under the sc...
- 2.46 lakh physical payment devices installed in smaller towns under Payment Infra Development FundPIDF Scheme, operationalised by the RBI from January, subsidises deployment of PoS infrastructure (physical and digital modes) in tier-3 to...
- India is fast becoming the global ransomware capital, says NPCI CEODominance of a few players may not be in the best interest and there is a need to raise competition, says Dilip Asbe.
- RBI extends PIDF scheme to street vendors covered under PM SVANidhi in tier 1, 2 centresThe Payments Infrastructure Development Fund (PIDF) scheme, with a corpus of Rs 345 crore, envisages creating 30 lakh new touch points ever...
- Financial inclusion will continue to be a policy priority after pandemic: RBI Governor Shaktikanta DasIt is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable...
- Financial inclusion will continue to be a policy priority after pandemic: RBI Governor Shaktikanta DasThe Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of acc...
- Finance Minister Nirmala Sitharaman proposes Rs 1,500 crore-scheme to promote digital payments"To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to p...
- Budget 2021: RBI support could cut cost for deploying payment terminals in rural IndiaHowever, key stakeholders – the banks and payment companies -- would continue to demand the resumption of transaction charges albeit a disc...
- RBI sets Rs 345 crore corpus for developing payment infrastructure in rural IndiaThe fund will be used for adding 30 lakh digital payments touch points which would include 10 lakh physical and 20 lakh digital payment acc...
- Cotton ginners calls off 10 days strikeEven as cotton prices in Punjab remained stable at Rs 2710 to Rs 2745 per maund (one maund=37.324 kg), cotton ginners called off a ten day ...
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