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FINANCE MINISTRY UPI
India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...- Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- SBI Bank Holiday Alert 2026: SBI branches may remain closed for up to 6 days from May 23-28 due to weekend, strike and BakridSBI bank holidays May 2026: SBI branches may be closed for up to six days from May 23, 2026, due to a weekend, a proposed two-day staff str...
- One soundbox soon for all payment apps as NPCI readies platformNPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multipl...
- A username could one day suffice as your addressIndia is creating a unique username-based digital addressing system. This initiative, led by India Post, aims to simplify sending and recei...
- Digital gold sector takes shine to govt’s formal framework signalIndia's burgeoning digital gold sector is on the cusp of formal regulation as the government explores an oversight framework. Fintech found...
- RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
- Finance ministry to meet bank CEOs on Anthropic ‘Mythos’ cyber riskIndian bank leaders will meet the finance minister today. They will discuss protecting the nation's payment system. The focus is on cyber t...
- Banks, asset management firms, stock brokers set to be shareholders in SahamatiBanks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns...
- From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolutionIn the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transa...
- UPI cleanup drive: Govt asks banks, NPCI to curb failures, boost success ratesWith the digital payment landscape in India experiencing rapid growth, there is a growing call for banks to partner with the National Payme...
- UPI, RuPay subsidy shrinks to Rs 8,000 crore over four yearsThe digital payments industry has received about Rs 8,000 crore in subsidy payments over four years for UPI and RuPay debit card payments, ...
- FM Nirmala Sitharaman asks NPCI to address infrastructure gaps to prevent future disruption of UPIFinance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3...
- UPI achieves 15,547 crore transactions worth Rs 223 lakh crore from January to NovemberIndia's Unified Payments Interface (UPI) processed a staggering 15,547 crore transactions worth Rs 223 lakh crore between January and Novem...
- UPI transaction value surges to Rs 1,669 lakh crore in first five months of FY25The ministry stated that the transaction volume of digital payments has reached 8,659 crore during the same period. The value of UPI transa...
- UPI transaction value surges to Rs 1,669 lakh crore in first five months of FY 2024-25The Union Finance Ministry reports a significant surge in digital payments, reaching Rs 1,669 lakh crore in the first five months of FY 202...
- Digital payments a public good, no plans to levy charges: Finance minister Nirmala Sitharaman“We see digital payments as a public good. People should be able to access these facilities freely, so that the digitisation of the Indian ...
- No consideration to levy any charges for UPI services: Finance Ministry"UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Go...
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