digital payments

New Delhi, April 1: Digital payment services experienced disruptions across India on Wednesday, leaving many users unable to complete transactions through UPI platforms.According to outage tracking platform Downdetector, complaints surged sharply during the day, indicating a widespread issue...

New Delhi, March 31: Road users across India will no longer be able to pay toll fees in cash from April 1 as the National Highways Authority of India (NHAI) switches to a fully digital payment system.As a major step towards modernizing highway travel, NHAI will implement a complete ban on cash...

India Achieves Near-Universal Banking Access with 99.92% Village Coverage Banking Outlets Reach Almost All Inhabited Villages New Delhi, March 30: Nearly 99.92 percent of inhabited villages across India now have access to a banking outlet within a five kilometre radius, the Parliament was...

RBI Mandates Two Factor Authentication for Digital Payments from April 1, 2026 New Delhi, March 29: Digital payments in India are set for a major security upgrade from April 1, 2026, as the Reserve Bank of India introduces stricter authentication norms aimed at curbing rising online fraud.Two...

New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...

BHIM App Introduces Biometric Authentication for UPI Payments Up to Rs 5,000 NPCI Subsidiary Rolls Out Fingerprint and Face Unlock Feature New Delhi, March 24: NPCI BHIM Services Limited (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), has introduced a...

New Delhi, March 23 DBS Bank India announced the launch of its direct tax payment facility on Monday, following authorization from the Central Board of Direct Taxes (CBDT).The bank will now be able to collect direct tax payments on the TIN 2.0 platform, in addition to its existing capability...

BharatPe Appoints Himanshu Verma as Head of POS Business to Drive Offline Payments Growth Leadership Move Aims to Strengthen Merchant Adoption and Distribution New Delhi, March 19: Fintech firm BharatPe on Thursday announced the appointment of Himanshu Verma as the Head of its Point-of-Sale...

RBL Bank Named Collecting Bank for XED Executive Development IPO at GIFT City IPO Marks First Public Offering from IFSC at GIFT City RBL Bank on Tuesday announced its appointment as one of the collecting banks for the proposed Initial Public Offering of XED Executive Development Ltd. The...

UPI Expansion in Sri Lanka: NPCI International Strengthens Digital Payments for Indian Tourists Seamless UPI Payments to Boost Travel Experience in Sri Lanka New Delhi, March 17: NPCI International Payments Limited, the global arm of the National Payments Corporation of India, on Tuesday...

RBI Proposes New Rules to Strengthen Customer Protection in Digital Transactions RBI Issues Draft Amendment on Customer Liability for Digital Payments The Reserve Bank of India has released a draft amendment to the rules governing customer liability in digital banking transactions. The proposal...

India UPI Transactions Hit Record Daily Volumes in February 2026 Despite Sequential Dip UPI Maintains High Momentum as Daily Transactions Reach All Time High India’s Unified Payments Interface continues to demonstrate structural strength, with daily transaction volumes touching an all time high...

PhonePe Reports 56% Revenue CAGR in FY23 to FY25, Losses Narrow Sharply Ahead of IPO Revenue Growth Signals Strong Monetization Shift Digital payments major PhonePe has reported robust revenue growth and a sharp reduction in losses over the past three fiscal years, reflecting a decisive shift...

Merchant Payments Segment Emerges as Key Revenue Driver in Digital Ecosystem Merchant payments are increasingly becoming the most attractive segment within India’s digital payments landscape, with Paytm maintaining a clear edge in revenue intensity and profitability, according to a February 23...

$16.9 Billion Publicly Funded BharatNet to Expand Rural Broadband Nationwide New Delhi, February 23: The amended BharatNet programme, a $16.9 billion initiative equivalent to ₹1,39,000 crore in public funding, is set to bring optical fibre and broadband connectivity to every village across the...

AI Set to Strengthen India’s Digital Public Infrastructure New Delhi, February 17: The convergence of connectivity and computing power is poised to fundamentally reshape how citizens, businesses, and governments interact across India, according to Reliance Jio CTO Shyam Prabhakar Mardikar...

Formal Credit Flow to MSMEs Remains Key Policy Focus Mumbai, February 16: Reserve Bank of India Governor Sanjay Malhotra on Monday reiterated that improving access to timely and adequate formal credit for micro, small and medium enterprises remains a core policy priority of the central bank...

NPCI Extends UPI Access to Foreign Delegates in New Delhi New Delhi, February 16: The National Payments Corporation of India announced that its ‘UPI One World’ wallet service is being made available to international visitors attending the ongoing five day India AI Impact Summit in the national...

The National Payments Corporation of India on Monday announced the expansion of its ‘UPI One World’ wallet service to international visitors attending the India AI Impact Summit 2026 in New Delhi.The summit, being held from February 16 to 20, is drawing participants from more than 40...

Currency in Circulation Surges to Historic High Mumbai, February 16: India’s currency in circulation has climbed to a record high of approximately Rs 40 lakh crore by the end of January 2026, according to a report released by SBI Research on Monday.The report noted that year on year growth in...