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UPI GROWTH IN INDIA
Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underservedAt GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no...- No smartphone, no internet? PhonePe brings UPI to 220 million feature-phone usersAt the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, intern...
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsAshneer Grover has called any charge on UPI transactions above Rs 2,000 plain tax collection, days after the government exempted only small...
- Paytm will stay profitable even without MDR, government support: Vijay Shekhar SharmaHis comments come as the government moves towards allowing charges on a limited set of UPI transactions. On Monday, the government notified...
- Stage being set for levying UPI transaction fee: Cong slams govtCongress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...
- India-UAE trade to reach $200 billion by 2032, BRICS to drive investment: Ras Al Khaimah Economic Zone officialIndia and UAE trade is projected to reach USD 200 billion by 2032. Closer economic ties and the India-UAE CEPA have already boosted bilater...
- Piyush Goyal urges BRICS to link payment systems, trade in local currenciesIndia's Commerce Minister urged BRICS nations to link payment systems and trade in local currencies. He also called for simplified regulati...
- Coforge row deepens; MDR on UPI coming soonCoforge’s boardroom brouhaha has taken a new turn days after chairman Om Prakash Bhatt’s resignation. This and more in today’s ETtech Top 5.
- “Whether we leave anyone behind”: Sameer Nigam’s blueprint for PhonePe’s second decadeAt Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial...
- UPI MDR notification likely to be out for businesses soon; banks may pocket bulk of 40 bps feeThe issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquir...
- BRICS Business Forum 2026: Piyush Goyal urges nations to open markets, cut trade barriers and link payment systemsCommerce Minister Piyush Goyal urged BRICS nations to open markets and cut non-tariff barriers. He called for linking payment systems to fo...
- BharatPe unveils BharatPe Flex at Global Fintech Fest 2026, brings credit into everyday UPI paymentsBharatPe unveiled BharatPe Flex, a new consumer credit offering built on UPI. This innovative product allows users to access credit limits ...
- UPI still has 'lot of scope' to grow, rural and offline access key challenges: NPCI CTOUPI has significant room for growth, especially in rural areas. Developing offline payment solutions remains a key challenge for the platfo...
- Many billion-dollar fintech cos can emerge from India to serve global markets: Razorpay CEOWhile speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence of big tech from the US, like Googl...
- PhonePe's Sameer Nigam unveils vision for next decade of financial inclusion at GFF 2026PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and promoting financial inclusion. By el...
- Dutch fintech Adyen sees long-term India opportunity, plans local expansionWith plans for a substantial expansion in India's digital payments sector, Adyen is actively recruiting more staff to address surging deman...
- PM Modi hails UPI at Global Fintech Fest 2026 in Mumbai, pitches non-payment transactions as fintech's next chapterPrime Minister Narendra Modi inaugurated the Global Fintech Fest 2026 in Mumbai. He highlighted India's strong economic growth despite glob...
- IRCTC names Paytm among platforms driving 28% of online railway ticket bookingsNearly twenty-eight percent of Indian railway tickets are booked through third-party platforms. This significant share includes major playe...
- UPI transaction volumes hit record high in August, cross 24.5 billionData released by the National Payments Corporation of India (NPCI) showed transaction volumes rose 3.6% from 23.66 billion in July, while t...
- Festive surge drives UPI near record ₹29.8 lakh crore milestone across 24.5 billion transactionsIndia's UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 bil...
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