| Date | Title | Description |
| 13.09.2024 | The Future of Payments: Innovation, Sustainability, and Security | The world of payments is evolving faster than a speeding bullet. As technology races ahead, companies must adapt or be left behind. At the forefront of this transformation is Giesecke+Devrient (G+D), a company with a rich history and a keen... |
| 13.09.2024 | Exclusive: G+D's Gabrielle Bugat discusses future innovations in ePayments | The CEO of Giesecke+Devrient (G+D) ePayments, has no doubt had a distinguished international career in the payments technology sector.
Reflecting on her professional journey during a recent interview with TechDay, Bugat said, "When I s... |
| 10.09.2024 | Pix to surpass credit cards in digital commerce in Brazil by next year; EBANX analyzes outcomes | Expected to reach 44% of online purchases by 2025, Brazil's instant payment system and its growth will be key topics at EBANX's Payments Summit, starting on September 18 in four countries
CURITIBA, Brazil, Sept. 10, 2024 /PRNewswire/ -- Bra... |
| 09.09.2024 | L&T Finance Ltd. Wins Fintech for Good - 'Champions of ESG' Award at the Global Fintech Fest 2024 | Mumbai, Maharashtra, India
L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, is delighted to announce that it has been conferred with the Fintech for Good - ‘Champions of ESG’ Award at th... |
| 06.09.2024 | Bureau Sets the Standard in Combating Money Mule Fraud at GFF 2024 | Mumbai, Maharashtra, India
The Money Mule Score is a groundbreaking solution developed by Bureau, an all-in-one identity platform for Compliance and Fraud decisions, to combat financial crime by identifying and preventing the misuse of fina... |
| 05.09.2024 | Innovation in Action: NPCI Reimagines the Future of Digital Payments at Global Fintech Fest 2024 | MUMBAI, India, Sept. 5, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI), a key architect in the evolution of India's retail payments landscape, showcased its transformative products and innovations at the Global Fintech F... |
| 04.09.2024 | Innovation in Action: NPCI Reimagines the Future of Digital Payments at Global Fintech Fest 2024 | MUMBAI, India, Sept. 4, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI), a key architect in the evolution of India's retail payments landscape, showcased its transformative products and innovations at the Global Fintech F... |
| 31.08.2024 | India’s Fintech Surge: A Digital Revolution on the Rise | India's fintech sector is a phoenix rising from the ashes of traditional banking. Over the past decade, it has attracted a staggering $31 billion in investments. This surge is not just a number; it represents a transformation. Prime Ministe... |
| 31.08.2024 | Global Fintech Fest 2024 Showcases Wide Spectrum of Innovations | Three-Day Mega Event Concludes, Attracting 300 exhibitors from across the world, 100000 Footfalls, 1000 Speakers
MUMBAI, India, Aug. 31, 2024 /PRNewswire/ -- India's Union Minister of Commerce and Industry Mr. Piyush Goyal said on Friday th... |
| 30.08.2024 | India's Fintech Diversity Amazes People Across World: PM "From landing at the airport to experiencing street food and shopping, India's fintech revolution is visible everywhere," said Prime ... | Prime Minister Narendra Modi on Friday said that Fintech sector has played an important role in making financial services democratic and it has made access to credit easy, inclusive, in Mumbai.
Addressing a gathering at the Global Fintech F... |
| 30.08.2024 | Google Expands Payment Offerings With UPI Circle, eRupi & ClickPay QR | SUMMARY
UPI Circle will allow users’ trusted contacts to make payments without having to link their own bank accounts
Google is also integrating UPI vouchers or eRupi into the Google Pay app, which will enable users to make payments using a... |
| 30.08.2024 | India’s fintech sector attracts $31 billion in 10 years, Modi calls for more cybersecurity | Even as India’s fintech sector has garnered over $31 billion of investment in the last 10 years, more work needs to be done by the regulator on combating cyber frauds and promoting digital literacy, Prime Minister (PM) Narendra Modi said at... |
| 29.08.2024 | Zoho Rolls Out Zoho Payments To Streamline B2B Transactions | SUMMARY
The company’s new offering allows businesses to receive payments through various methods, including UPI, net banking and cards
The B2B payments capabilities of Zoho Payments are powered by Bharat Bill Payment System (BBPS) of NPCI B... |
| 29.08.2024 | The regulator has high expectations from fintech sector SRO: RBI DG T Rabi Sankar | “Fintechs have not yet created enough of a track record that enables an evaluation of how trustworthy an entity is. This is something that is built over time. And in this, the SRO of the industry or SROs will have to play a leading role,” R... |
| 29.08.2024 | Zoho forays into fintech with launch of payment gateway | Zoho on Thursday announced its foray into payments space with the launch of Zoho Payments, a unified payment solution to help businesses accept money online from their customers.
The US and Chennai-based SaaS firm also introduced B2B paymen... |
| 28.08.2024 | The Future of FinTech in India: Global FinTech Fest Outcome In a recent discussion at the Global FinTech Festival, Shailendra Singh, Dilip Asbe and Amrish Rau, comprehensively take on the dynamic worl... | In a recent discussion at the Global FinTech Festival, Shailendra Singh MD of Peak XV Ventures offered a comprehensive take on the dynamic world of FinTech, setting the stage for a broader conversation on the sector's future. Singh categori... |
| 28.08.2024 | ESAF Small Finance Bank launches Inori RuPay Platinum Credit Card | ESAF Small Finance Bank has launched the Inori RuPay Platinum Credit Card, a premium financial product designed in collaboration with the National Payments Corporation of India (NPCI) to offer cardholders exclusive benefits and privileges.
... |
| 28.08.2024 | Digital payments industry to double to ₹593 lakh crore by FY29 | The digital payments industry is projected to double to ₹593 lakh crore in next four fiscals, compared to ₹265 lakh crore logged last fiscal.
The transaction volumes were up more than three times, reaching 481 billion compared to 159 billio... |
| 28.08.2024 | Proposed UPI Market Cap Rule Hindering PhonePe’s IPO Plans, Says CEO Sameer Nigam | SUMMARY
Sameer Nigam said that PhonePe cannot go public till there is no clarity on the UPI market share cap guidelines
The NPCI proposed a 30% market cap limit for third-party app providers in 2020. After delaying the deadline multiple tim... |
| 28.08.2024 | Pine Labs Launches Soundbox Device For Merchants To Accept Mobile & Card Payments | SUMMARY
Dubbed ‘Pine Labs Mini’, the soundbox-enabled device allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks
The device has a built-in ‘tap and pay’ feature through w... |
| 27.08.2024 | Co-branded credit cards to outpace traditional credit cards by 2X by FY28: Report | Co-branded credit cards (CBCCs) are growing at a compound annual growth rate (CAGR) of 35-40 per cent and could account for over 25 per cent in terms of issuance by FY28, according to a report by consultancy firm Redseer and fintech Hyperfa... |
| 23.08.2024 | The Future of Payments: A Seamless Blend of Credit and Voice Technology | In the fast-paced world of digital payments, innovation is the lifeblood. Two recent developments highlight this trend: PhonePe's new credit line feature on UPI and Amazon Pay's push for advanced voice authentication. Both initiatives promi... |
| 22.08.2024 | PhonePe launches credit line on UPI platform for seamless merchant payments | Walmart backed fintech firm PhonePe on Thursday launched Credit Line on UPI on its platform to enable consumers availing credit lines from their banks to seamlessly link them to UPI on PhonePe for merchant payments.
The feature will enable ... |
| 22.08.2024 | Amazon Pay working on advanced technologies for safer voice authentication: CEO | Booking a train ticket from Ahmedabad to Mumbai will take just 30 seconds and one will not need to touch an electronic device, says Vikas Bansal, CEO of Amazon Pay India, digital payments arm of e-commerce major Amazon. The e-commerce major... |
| 21.08.2024 | India To Integrate UPI With Malaysia’s PayNet: PM Modi | SUMMARY
PM Modi said that an India-Malaysia startup alliance will also be established to foster cooperation between the new-age tech companies of the two countries
The PM also called for enhancing mutual cooperation between the two nations ... |
| 15.08.2024 | Indian 78th Independence Special: A Journey Through Technology India is not behind at all, its homegrown startups are shining in global markets. But it was not an easy journey for India | India has once again registered itself as the world's fastest-growing major economy, with a growth rate exceeding 8 per cent for the fiscal year ending in March 2024. According to data presented by the Statistics Ministry, India's gross dom... |
| 15.08.2024 | Adyen expands payment processing to India, launches new technology hub | MUMBAI, India, Aug. 15, 2024 /PRNewswire/ -- Adyen, the global payments platform of choice for many of the world's leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of Indi... |
| 14.08.2024 | UPI's Expanding Horizon: A New Era of Digital Transactions in Nepal and Beyond | The digital payment landscape is evolving rapidly. The Unified Payments Interface (UPI) is at the forefront of this transformation. Recently, UPI crossed a significant milestone in Nepal, marking a new chapter in cross-border transactions. ... |
| 14.08.2024 | Adyen expands payment processing to India, launches new technology hub | MUMBAI, India, Aug. 14, 2024 /PRNewswire/ -- Adyen, the global payments platform of choice for many of the world's leading companies, today announced its expansion in India, following the grant of authorization from the Reserve Bank of Indi... |
| 14.08.2024 | Karnataka Bank partners with Navi to launch ‘Credit Line on UPI’ | Karnataka Bank has announced the launch of ‘Credit Line on UPI’. The bank will be offering ‘Credit Line on UPI’ through a partnership with Navi (a financial services company). This is currently offered to a closed group of select users who ... |
| 11.08.2024 | UPI merchant transactions in Nepal cross 100,000 milestone | NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement.
NIPL is an internati... |
| 08.08.2024 | UPI transaction limit for tax payments raised from ₹1 lakh to ₹5 lakh: RBI Governor | The transaction limits for tax payments through the Unified Payments Interface (UPI) will be enhanced from ₹1 lakh to ₹5 lakh, according to RBI. Further, delegated payments through UPI will be introduced.
Reserve Bank Governor Shaktikanta D... |
| 06.08.2024 | Credit Card Spending Via UPI Touches INR 10K Cr Mark Per Month: NPCI CEO | SUMMARY
NPCI MD & CEO Dilip Asbe said that credit lines on UPI account for nearly INR 100 Cr to INR 200 Cr of the INR 10,000 Cr credit card spends every month
Asbe also said that the objective of CBDC is not to compete with the UPI as t... |
| 02.08.2024 | Thomas Cook India, NPCI Launch RuPay Forex Card for UAE
HPCL Seeks LNG Deals, Terminal Launch
Indian Oil Q1 FY25 Net Profit Falls
Adani Energy Sets QIP Floor Price | ECONOMY & POLICY Thomas Cook India, NPCI Launch RuPay Forex Card for UAE
02 Aug 2024 2 Min Read CW Team
Thomas Cook India has announced a collaboration with the National Payments Corporation of India (NPCI) to introduce its first RuPay ... |
| 01.08.2024 | Small Indian banks back online after ransomware attack, payments authority says | MUMBAI : Nearly 300 small Indian banks which were forced to go offline a day earlier due to a ransomware attack were back online on Thursday, the National Payments Corporation of India, an authority that oversees payments systems, said.
The... |
| 29.07.2024 | FinTech: The New Backbone of Government Financial Transactions | In the age of digital transformation, Financial Technology, or FinTech, is reshaping the landscape of government financial transactions. It’s like a fresh coat of paint on an old building—brightening the structure and making it more efficie... |
| 29.07.2024 | Digital payments clock 50% volume growth between FY18 and FY24: RBI report | Digital payments have recorded a compounded annual growth rate (CAGR) of 50 per cent and 10 per cent in volume and value terms, respectively, in the last seven years (between 2017-18 and 2023-24), RBI said in its latest Report on Currency a... |
| 28.07.2024 | RBI's New Liquidity Standards: A Tightrope Walk for Banks | The Reserve Bank of India (RBI) is tightening the reins on liquidity standards. The proposed changes could reshape the banking landscape. Banks may soon find themselves walking a tightrope, balancing between maintaining liquidity and extend... |
| 27.07.2024 | UPI One World: A Gateway for Global Travelers in India | India is opening its doors wider. The National Payments Corporation of India (NPCI) has launched the UPI One World wallet. This service is a game-changer for international travelers. It simplifies payments, making it easier to explore the r... |
| 26.07.2024 | Banks may need to assign higher run-off rates for LCR purposes | Banks with a higher proportion of retail deposits enabled with internet and mobile banking (IMB) may have to step up investments in liquid assets such as Government Securities (G-Secs) as RBI may require them to assign an additional five pe... |
| 26.07.2024 | RBI draft norms on liquidity standards: Banks’ lendable resources may come down | The Reserve Bank of India may be seeking to indirectly bring down credit growth in the banking system by proposing to prescribe additional run-off factor for deposits enabled with internet and mobile banking (IMB) facility, say experts.
The... |
| 24.07.2024 | The Role of FinTech in Facilitating Transparent and Efficient Government Financial Transactions | Share
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Financial Technology, or FinTech, has revolutionized the financial sector, introducing innovative solutions that streamline operations, enhance transparency, and boost efficiency. Governments, recognizing these... |
| 24.07.2024 | 'UPI One World' wallet service now available to all* inbound international travellers visiting India | UPI is India's popular mobile-based real-time payment system, which enables instant personal and merchant payments
MUMBAI, India, July 24, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI) announced the rollout of 'UPI One ... |
| 23.07.2024 | 'UPI One World' wallet service now available to all* inbound international travellers visiting India | UPI is India's popular mobile-based real-time payment system, which enables instant personal and merchant payments
MUMBAI, India , July 23, 2024 /PRNewswire/ -- National Payments Corporation of India (NPCI) announced the rollout of 'UPI One... |
| 01.07.2024 | RBI joins ‘Project Nexus’ to enable instant cross-border retail payments | The Reserve Bank of India said it has joined “Project Nexus”, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs).
Nexus, conceptualised by the Innovat... |
| 27.06.2024 | Need For Digital Transformation for MSMEs In India: Forvis Mazars Report There are a total of 63.39 million MSMEs in India with over 99 per cent of them being micro-enterprises contributing 30 per cen... | In India, Micro, small, and medium enterprises (MSMEs) sectors are the soul of its economy. They operate silently in the system but play a major role in generating employment for thousands of people, fueling production, and leading growth f... |
| 19.06.2024 | Federal Bank launches RuPay Wave credit card | Federal Bank, in collaboration with National Payments Corporation of India (NPCI), has launched RuPay Wave Credit Card to offer customers UPI-powered transactions on RuPay network.
A press release issued here said that the bank’s cardholder... |
| 19.06.2024 | Ecommerce Enabler POP Bags $2.4 Mn To Roll Out UPI Offerings For D2C Consumers | SUMMARY
The round also saw participation from an undisclosed group of angel investors.
The Bengaluru-based startup claims to have received a nod from the National Payments Corporation of India (NPCI) to be a third-party application provider... |
| 13.06.2024 | ICICI Pru Life activates WhatsApp, Digital Rupee for premium payment | ICICI Prudential Life Insurance has begun accepting premium payments through the RBI’s Central Bank Digital Currency, popularly known as digital rupee.
The company will also provide customers the option to make premium payments through What... |
| 10.06.2024 | UPI Outages Due To Tech Problems On Banks’ End, Not NPCI: RBI Governor | SUMMARY
RBI governor Shaktikanta Das said that UPI outages are due to the problem at banks’ end and the central bank is dealing with the issue
RBI deputy governor T Rabi Sankar underlined the role of UPI Lite in countering pressure on the b... |
| 06.06.2024 | NPCI International and the Central Reserve Bank of Peru Partner to Develop UPI-Like Real-Time Payments System in Peru | MUMBAI, India, June 6, 2024 /PRNewswire/ -- NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This c... |
| 06.06.2024 | Banks reach out to BSBDA, PMJDY customers for linking mobile numbers | Mumbai
Bank branches have embarked on an exercise to reach out to Basic Saving Bank Deposits Account (BSBDA) and Pradhan Mantri Jan-Dhan Yojana (PMJDY) customers, whose accounts were opened in the initial years when the schemes were introdu... |
| 05.06.2024 | NPCI Inks Pact With Peru To Build UPI-Like Payments System | SUMMARY
With this, Peru becomes the first country in South America to adopt UPI
Ritesh Shukla, chief executive of NPCI International, said that the partnership with the BCRP aims to strengthen Peru’s financial infrastructure
This comes days... |
| 04.06.2024 | Cashfree Payments appoints Abhaya Hota as Independent Director | Payments and API banking company Cashfree Payments has announced the appointment of former NPCI MD & CEO Abhaya Hota as an Independent Director of the company.
Hota has spent close to three decades in the Reserve Bank of India. He was t... |
| 04.06.2024 | Cashfree Ropes In Former NPCI Executive Abhaya Hota As Independent Director | SUMMARY
Hota was earlier associated with NPCI as its managing director and chief executive officer for nearly a decade.
Prior to that, he held chief general manager’s (department of payments and settlement systems) role at the Reserve Bank ... |
| 31.05.2024 | Banking Tech Unicorn Zeta Launches Digital-Native Credit Line on UPI Solution for Banks Zeta, a banking tech unicorn, recently launched its digital credit-as-a-service solution for banks. The solution... | - |
| 30.05.2024 | RBI, NPCI to start work on expanding UPI to 20 countries by FY29 | The Reserve Bank of India, along with NPCI International Payments (NIPL), will in FY25 begin work towards taking UPI to 20 countries with a completion timeline of FY29, the central bank said in its annual report for FY24.
“The steady stream... |
| 24.05.2024 | RuPay credit cards see 10% market share surge via UPI integration: Kiwi report | Integration with the Unified Payments Interface (UPI) network has led to a surge in the adoption of RuPay credit cards, according to a report by fintech platform Kiwi which said that it has onboarded over 1 lakh virtual RuPay cards in less ... |
| 23.05.2024 | BL Explainer. Credit on UPI - Can you get credit against your UPI account? | ‘Credit on UPI’ seems to be the new buzzword in the fintech space, bringing together conversations surrounding both payments and digital lending. Digital lenders have been actively using UPI railroads for data collection and customer access... |
| 23.05.2024 | HSBC acquires 6.125% stake in CCIL IFSC | HSBC, a leading global bank and financial services major, has through its branch in Gift City executed transaction documents to acquire 6.125 per cent equity stake in CCIL IFSC Limited (CCIL IFSC). The investment value for this transaction ... |
| 22.05.2024 | Airtel Payments Bank FY24 net profit soars 60% to ₹34.5 crore | Airtel Payments Bank has recorded 60 per cent increase in net profit for fiscal year 2023-24 at ₹ 34.5 crore, while revenues grew 42 per cent year-on-year at ₹1,836 crore.
Airtel Payments Bank’s monthly transacting users (MTU) grew to 80.4 ... |
| 22.05.2024 | Lower middle class shows growing interest in ‘Credit on UPI’: Home Credit India study | A new study by Home Credit India reveals that lower middle-class consumers in the country are increasingly interested in using ‘Credit on UPI’, which allows instant credit access through UPI-enabled apps.
The second edition of Home Credit I... |
| 16.05.2024 | RuPay cardholders to get 25% cashback on in-store purchases in 7 countries till July 31 | NPCI’s RuPay card network has announced a limited-time special cashback offer scheme for both RuPay credit and debit cardholders, from May 15 to July 31.
During the offer period, customers will receive 25 per cent cashback on in-store point... |
| 15.05.2024 | NPCI To Delay Market Share Caps On UPI, Benefiting Google Pay And PhonePe | SUMMARY
This move favours Google Pay and Walmart-backed PhonePe, as regulators focus on fostering growth rather than addressing market concentration concerns
NPCI plans to extend the year-end deadline by up to two years to cap the market sh... |
| 13.05.2024 | India's data center industry growth to double by 2026; reach 2,000 MW | Technology India's data center industry growth to double by 2026; reach 2,000 MW
13 May 2024 5 Min Read CW Team
India's data centre industry is experiencing explosive growth, driven by the country's rapid digitisation. CareEdge Ratings pred... |
| 10.05.2024 | Zeta launches digital credit as service for banks in India | Banking tech unicorn Zeta, has launched digital credit-as-a-service product for banks. The offering is based on NPCI’s credit line on UPI scheme - which uses the UPI network to turbo-charge credit issuance in India.
Also read:A decade of fa... |
| 10.05.2024 | Zeta Rolls Out UPI-Integrated Credit As-A-Service Product For Banks | SUMMARY
The product is based on NPCI's credit line on UPI scheme, which uses the network to speed up credit issuance in India
Zeta expects transaction volumes on this scheme to exceed $1 Tn by 2030
Founded by Bhavin Turakhia and Ramiki Gadd... |
| 09.05.2024 | NPCI Likely To Extend UPI Market Cap Deadline By Another Two Years | SUMMARY
While a final decision on the matter is expected to be communicated closer to the deadline,a source said that NPCI is not in “favour” of removing the market share cap
The timeline will likely be extended again as it may not be possi... |
| 09.05.2024 | NPCI may defer market cap deadline for UPI payment platforms by 2 years | - |
| 08.05.2024 | NPCI and Bank of Namibia Collaborate to Revolutionize Payment Systems | In a groundbreaking move, the National Payments Corporation of India (NPCI) and the Bank of Namibia have joined forces to develop a cutting-edge payment system similar to India's Unified Payments Interface (UPI). This collaboration marks a ... |
| 08.05.2024 | ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India | MUMBAI, India, May 8, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of m... |
| 07.05.2024 | ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India | MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of m... |
| 07.05.2024 | ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India | MUMBAI, India, May 7, 2024 /PRNewswire/ -- ICICI Bank today announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of m... |
| 07.05.2024 | India To Link UPI To Ghana’s Interbank System In Six Months | SUMMARY
Both countries have agreed to “expeditiously” operationalise the homegrown UPI on Ghana’s interbank payment and settlement systems in the next six months
The two sides also discussed the possibility of signing an MoU on digital tran... |
| 06.05.2024 | Advantages of retail CBDCs will be more visible once they are enabled for offline use: RBI Guv Shaktikanta Das | Reserve Bank of India Governor Shaktikanta Das said while currently there is preference for UPI (Unified Payments Interface) among retail users, the advantages of retail CBDCs (central bank digital currencies) will be more visible once they... |
| 06.05.2024 | India, Ghana discuss UPI operationalisation, local currency settlement | India and Ghana have agreed to work towards operationalisation of Unified Payment Interface (UPI) of National Payments Corporation of (NPCI) on Ghana’s Ghana Interbank Payment and Settlement Systems (GHIPSS) within a period of six months.
A... |
| 03.05.2024 | NPCI International Partners with Bank of Namibia for Deploying India’s UPI Stack in Namibia | This collaboration marks a strategic leap towards strengthening Namibia’s financial infrastructure and fostering inclusive economic growth. By leveraging technology and experiences from India’s UPI, the partnership seeks to help Namibia mod... |
| 02.05.2024 | NPCI, Bank of Namibia ink an agreement to develop UPI-like system | - |
| 02.05.2024 | NPCI inks pact with Bank of Namibia for developing UPI-like payment system | - |
| 02.05.2024 | NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system | NPCI said on Thursday that its overseas arm has signed a pact with the Bank of Namibia (BoN) for developing a UPI-like instant payment system for Namibia.
By leveraging technology and experiences from India's UPI, the partnership seeks to h... |
| 02.05.2024 | NPCI’s International Arm To Help Namibia Build A UPI-Like Payments System | SUMMARY
Under the partnership, the NPCI will offer technology and insights to the Bank of Namibia for developing a digital payments system that will boost real-time P2P and P2M transactions
The upcoming payments system is envisaged to impro... |
| 01.05.2024 | UPI transactions moderate from March peak to ₹19.6-lakh crore | Mumbai The Unified Payments Interface (UPI) saw both the number and value of transactions moderating by about 1 per cent on month from the record high seen in March 2024.
Transactions worth ₹19.64 lakh crore were processed during April 2024... |
| 30.04.2024 | Fino Payments Bank reports highest-ever quarterly net profit at ₹25 cr in Q4 | Fino Payments Bank reported a 14 per cent year-on-year (y-o-y) increase in fourth quarter net profit at ₹25 crore against ₹22 crore in the year ago quarter on the back of healthy growth in other income and interest earned.
Other income was ... |
| 21.04.2024 | Industry keenly awaiting implementation of 30% UPI market share cap by NPCI | - |
| 20.04.2024 | NPCI May Review Its Decision On 30% UPI Market Share Cap By Year End | SUMMARY
In 2022 the 30% market share cap for UPI payment facilitating apps were proposed and the existing players back then were requested to restrict their market share to the mentioned limit within a two years period
The move was aimed at... |
| 18.04.2024 | Paytm gets nod for user migration to new UPI IDs: What this means for you | - |
| 17.04.2024 | NPCI allows Paytm to start migration of users to PSP bank handles | - |
| 17.04.2024 | PhonePe, Google Pay creating a duopoly in India's UPI space? NPCI to check | - |
| 16.04.2024 | Google Wallet appears in India, with local integrations, but Pay will stay | Google Wallet will finally launch in India — nearly two years after its relaunch as a digital wallet platform in the U.S. — according to a preview of the app that the company accidentally posted on the Google Play store in the country.
Afte... |
| 13.04.2024 | RBI rejects candidates proposed by Tamilnad Mercantile Bank for MD & CEO position | The Reserve Bank of India (RBI) has rejected three candidates proposed by Tamilnad Mercantile Bank (TMB) for the post of Managing Director and Chief Executive Officer of the company. Further, the central bank has appointed its Thiruvanantha... |
| 11.04.2024 | Road Ministry's Mega Expressway Project to Transform Transportation | ROADS & HIGHWAYS Road Ministry's Mega Expressway Project to Transform Transportation
11 Apr 2024 3 Min Read CW Team
In a bid to revolutionize India's transportation infrastructure and reduce logistical costs, the Ministry of Road Transp... |
| 10.04.2024 | Delay in issue of RuPay debit cards enervates PMJDY | The flagship financial inclusion scheme of the Centre, Pradhan Mantri Jan Dhan Yojana (PMJDY), has been able to expand its base rapidly, but the delay in the issue of RuPay Debit cards is obstructing the rollout of some benefits to the acco... |
| 09.04.2024 | Surinder Chawla resigns as Paytm Bank head effective June 2024 | Surinder Chawla, MD and CEO of Paytm Payments Bank (PPBL) has resigned as the head of company on April 8, 2024, on account of “personal reasons and to explore better career prospects”.
Also read:Paytm users to get all services as before exc... |
| 09.04.2024 | A decade of fast-paced digital financial revolution | As the ruling NDA seeks its third term in office, the rapid strides made in digitising payments and the entire financial services ecosystem have been among its main achievements. The last 10 years have seen the country emerging as a major g... |
| 08.04.2024 | Revolutionizing FASTag Recharges in India: A Comparison of FASTagPro and NHAI's 'One Vehicle, One FASTag' Rule | Kolkata, West Bengal, India
In the realm of FASTag recharges, two key players have emerged in India - FASTagPro and the National Highways Authority of India (NHAI) with their 'One Vehicle, One FASTag' rule. While FASTagPro prides itself on ... |
| 05.04.2024 | RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time | This report has been updated
The Reserve Bank of India's Monetary Policy Committee (RBI MPC) has decided to keep the repo rate unchanged at 6.5 per cent for the seventh consecutive time, Governor Shaktikanta Das announced on Friday. He said... |
| 05.04.2024 | RBI To Roll Out Mobile App For Retail Investors To Invest In Govt Securities | SUMMARY
The RBI Retail Direct Scheme was launched in November 2021
RBI Governor Das said that adding an app for easing the opening of gilt accounts would streamline access to the Retail Direct portal
Meanwhile, RBI has proposed the deposit ... |
| 04.04.2024 | Now, PhonePe Users Can Pay Via UPI In Singapore | SUMMARY
This collaboration builds upon the existing Unified Payments Interface (UPI) linkage between India and Singapore
As part of the partnership, STB and PhonePe will both invest in joint marketing efforts across India and Singapore
The ... |
| 02.04.2024 | One Vehicle, One FASTag enforced: Here's what all users must know | The National Highways Authority of India (NHAI) has enforced the 'One Vehicle, One FASTag' rule since April 1, as confirmed by a senior official to the Press Trust of India (PTI). This directive prohibits the use of a single FASTag across m... |
| 01.04.2024 | UPI ends FY24 on a high note, transactions worth ₹199 lakh crore processed | The Unified Payments Interface (UPI) ended FY24 on a strong high, setting new records for both the volume and value of transactions undertaken during March 2024.
This was despite transactions dipping slightly in February 2024 due to the few... |
