The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period.
12 Hours Ago
Debit, credit and charge cards collectively accounted for one-fourth (24.6%) of the total e-commerce transaction value in 2023, according to GlobalData’s 2023 Financial Services Consumer Survey; the card payments value is expected to register a strong compound annual growth rate (CAGR) of 11.1% between 2024 and 2028
21 Hours Ago
Aurionpro Solutions Kicks Off FY25 with Impressive Q1 Results, Revenue Grew 32% YoY to INR 262 Cr
2 Days Ago
International travelers can use the UPI One World app to make payments at merchant locations by simply scanning the QR codes.
Jul 22, 2024
Bringing credit cards under TCS will ensure a level playing field with other payment instruments, prevent misuse: Swapnil Bhaskar, Chief of Strategy, Niyo
Jul 17, 2024
This will simplify the way these self-employed segment customers make payments at any merchant outlet.
Jul 16, 2024
HSBC Live+ Credit Card Gives Access To Over 200 Restaurants And Culinary Offers Across Asia
Jul 12, 2024
Indians travelling to Qatar will soon be able to make QR Code-based UPI merchant payments through QNB merchant network
Jul 11, 2024
Tapan Ray: RBI allows resident investors to leverage our platform for a wider range of overseas investments and expenditures; Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs
Jul 10, 2024
Tapan Ray: RBI allows resident investors to leverage our platform for a wider range of overseas investments and expenditures; Authorised Persons may facilitate remittances for all permissible purposes under LRS to IFSCs
Jul 10, 2024
Customers can choose from a wide range of payment modes like UPI, net banking, debit card etc., thus enhancing convenience.
Jul 09, 2024
Following the successful implementation of UPI for online ticket booking at the Eiffel Tower, Galeries Lafayette becomes the second major French merchant to enable UPI under the NIPL Lyra partnership
Jul 06, 2024
Integrate Space Into Policy And Program Execution: Sahoo
Jul 05, 2024
UPI acceptance will be rolled out progressively, covering a wide range of establishments from retail stores and dining outlets, as well as tourist and leisure attractions including Dubai Mall and Mall of the Emirates.
Jul 03, 2024
The card offers joining benefits worth up to INR 15,000
Jul 02, 2024
On 69th Foundation Day, SBI commits to enhancing the banking experience with transformational initiatives
Jul 01, 2024
RBI and ASEAN Countries to Create a Platform to Facilitate Instantaneous Cross-Border Retail Payments
Jul 01, 2024
Trends in remittances
Jun 29, 2024
World Bank’s latest Migration and Development Brief: India Top Recipient Of Remittances in 2023; Officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023; Outward remittances from the GCC countries to destination countries decreased by 13 percent
Jun 27, 2024
Across the region, the number of reported voice scams increased by 108% in 2023
Jun 26, 2024
The ease of access brought by this collaboration will provide customers in remote areas across India with convenient and affordable doorstep financial services
Jun 19, 2024
This is a significant milestone in achieving Aurionpro’s long-term goals as a payment service provider
Jun 13, 2024
The regulator’s measures will drive multi-fold growth in UPI led transactions
Jun 07, 2024
This collaboration marks a significant milestone, making Peru the first country in South America to adopt the globally renowned Unified Payment Interface (UPI) technology
Jun 05, 2024
Hota is a veteran in the Indian banking and payments industry and has spent close to three decades in the Reserve Bank of India. He was the Former Managing Director & CEO of National Payments Corporation of India
Jun 04, 2024
An assessment of bank group-wise fraud cases over the last three years indicates that while private sector banks reported maximum number of frauds, public sector banks continued to contribute maximum to the fraud amount
Jun 01, 2024
Agenda for 2024-25: RBI Will Modernize Currency Management Infrastructure; RBI Will Sustain the Self-Sufficiency In Banknote Production
Jun 01, 2024
Agenda Of RBI’s DPSS & IT For 2024-25; 340 e-BAAT programs conducted
May 31, 2024
The settlement will put an end to all open judicial proceedings
May 26, 2024
“RuPay On-The-Go” collectible offers seamless access and versatile payments, featuring signatures from TATA IPL captains
May 24, 2024
UPI Integration Spurs Growth In Rupay Credit Cards
May 23, 2024
Infibeam Avenues' Results Exceed Estimates on Digital Payments Strength
May 16, 2024
Offer on in-store purchases1 in Canada, Japan, Spain, Switzerland, UAE, UK and USA
May 15, 2024
Zeta Launches Digital Credit As A Service For Banks In India
May 10, 2024
NPCI has onboarded Benjamin Ambrose as Chief Information Security Officer, and Pravin Kumar as Chief Market Information Security Officer
May 09, 2024
Das Met Major Stakeholders In UPI Ecosystem
May 08, 2024
Godkhindi has been at the helm of Zaggle since February 2012, demonstrating exceptional leadership as the Co-Promoter, MD & CEO
May 08, 2024
Providing existing and new users of Disney+ Hotstar a hassle-free solution for subscription management through BBPS-enabled channels
May 06, 2024
NRI customers residing in 10 countries can pay utility bills and merchants in India through iMobile Pay
May 06, 2024
This collaboration marks a strategic leap towards strengthening Namibia’s financial infrastructure and fostering inclusive economic growth
May 02, 2024
The campus reflects American Express’ dedication to fostering a dynamic work environment
May 01, 2024
The offer will be valid from May 1, 2024 to July 31, 2024 for in-store purchases* in Indonesia, Malaysia, Singapore, Spain, Sri Lanka, Thailand, USA and Vietnam
Apr 30, 2024
Pi and Phi: Bridging Traditional Banking with Fintech Innovation
Apr 30, 2024
To enable them with better working capital and drive growth in their businesses
Apr 29, 2024
SBI Card's Impairment losses & bad debts expenses up by 50% at Rs944 Cr in Q4 FY24 vs Rs630 Cr in Q4 FY23
Apr 26, 2024
RBI cautions public against Prepaid Payment Instruments issued by unauthorised entities
Apr 25, 2024
NPST sees substantial runway for growth through the long-term potential in person to merchant digital payments, and the opportunity to capture new payment flows and market segments
Apr 25, 2024
In addition to augmenting its presence in USA, UK and India, Happiest Minds will also get a near-shore presence in Mexico and offices in Singapore, Malaysia, and Africa. PureSoftware reported revenues of US $ 43 Million (~ ?351 Crores) for Fiscal 2024.
Apr 25, 2024
India’s first All-in-One Payment Device
Apr 23, 2024
Businesses to get access to UPI innovations 5X faster, compared to the industry standards of 10 months
Apr 23, 2024
For this pilot, the bank collaborated with Circularity Innovation Hub
Apr 22, 2024
The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 MN USD
Apr 22, 2024
Banking Industry Expert Johnson will oversee strategy, day-to-day activities, and the evolution of Nium’s payments network team.
Apr 22, 2024
he Initial phase is live with SBI NCMC cards for – Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen via SBI Unipay
Apr 18, 2024
NPST Strengthens Board
Apr 16, 2024
Wealth, Wellness, and Wanderlust: Razorpay’s Annual Payments Report Analyses India’s Spending Behavior in 2023
Apr 16, 2024
Linking of PPIs through UPI applications will facilitate seamless peer-to-peer and peer-to-merchant transactions, by enhancing accessibility and flexibility to use funds in the PPI like Ongo wallet or cards: Chairman & MD, AGS Transact Technologies
Apr 11, 2024
Revolutionizing Choice and Competition: The foreseen Impact of Card Network Portability in India
Apr 08, 2024
The move widens the playing field and can turn CBDC into a mainstream payment option in the foreseeable future
Apr 05, 2024
Jasuja will spearhead the company's issuer growth strategy and drive exponential expansion through partnerships that increase market reach, user base, and revenue streams.
Apr 03, 2024
New introduction is an outcome of a partnership with Meta and Infobip; Tata AIA adopts an Analytics-driven, Decile based approach to improve its renewal premium collections.
Apr 01, 2024
India’s real-time risk management solution empowers merchants curb cyber payment frauds in real-time
Mar 22, 2024
Cardholders offered over INR 2,00,000 worth of benefits annually
Mar 21, 2024
American Express 2024 Global Travel Trends Report reveals many interesting findings
Mar 19, 2024
Digital frauds which erodes trust, damage economies, and fuel further fraudulent activity
Mar 13, 2024
CBI registers a case against 05 accused including officials of regional passport office on allegations of taking bribe and conducts searches
Mar 13, 2024
The bank launches Indus PayWear – India's first contactless wearables for both credit and debit cards
Mar 11, 2024
Rise of Embedded Finance: Transforming Everyday Experiences with Seamless Financial Services
Mar 11, 2024
Indian citizens can seamlessly conduct QR-code-based UPI transactions in Nepal
Mar 08, 2024
Amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022
Mar 08, 2024
Open-loop Cobranded Rupay Prepaid Cards will be Issued
Mar 06, 2024
Arrangements with Card Networks for issue of Credit Cards
Mar 06, 2024
The association will also propel further innovation through the establishment of the "NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development
Mar 06, 2024
The company enabling software platforms to offer seamless payment experiences for businesses
Mar 06, 2024
Monumental boost for our payment business.
Mar 05, 2024
Progress of NEFT & RTGS system
Mar 02, 2024
90 lakh new beneficiaries added during Viksit Bharat Sankalp Yatra outreach campaign
Mar 01, 2024
Foundation For A Strategic Alliance on Foreign Inward Remittances
Mar 01, 2024
the IT industry attracted significant FDI to India, creating jobs: Founder & CEO, PhonePe
Feb 28, 2024
A collaboration that aims to develop the digital banking landscape in Bharat, enhancing user experiences through the Spark Money platform
Feb 27, 2024
IDS To Focus On Digital Advertising & Martech, Gaming, eCommerce, Edutech, Fintech; MeitY, MIB, DPIIT Secretaries, Over 60 Founders to Address India Digital Summit 2024 in Mumbai, February 27-28
Feb 24, 2024
Bipin Preet Singh: Industry welcomes the recent amendments by RBI Allowing banks and non-banks to issue Prepaid Payment Instruments for public transport
Feb 24, 2024
Additional Steps undertaken by the RBI in follow up to Action against Paytm Payments Bank
Feb 23, 2024
Authorised Banks, Others Permited To Issue POIs For Payments Across Transport Systems
Feb 23, 2024
Sharma: "Paytm QR, Soundbox and EDC (card machine) will continue to work like always, even after March 15"
Feb 16, 2024
No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc. after March 15, 2024 (extended from the earlier stipulated timeline of February 29, 2024)
Feb 16, 2024
The necessary systems will be put in place for interlinking of UPI and NPI
Feb 15, 2024
The intermediary in the said arrangement pooled large amount of funds into an account which is not a designated account under Payment and Settlement Systems (PSS) Act
Feb 15, 2024
The RBI governor held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks and applaud them for building resilient domestic financial system. However, banks should continue to maintain their vigil around build-up of risks.
Feb 15, 2024
Aims to onboard and uplift over 1 lakh women 'Lakhpati Didis' by 2025
Feb 15, 2024
The crackdown on business credit cards presents an opportunity for stakeholders to innovate with their existing payment methods
Feb 15, 2024
The collaboration facilitated by Union Bank of India marks a significant milestone in simplifying payment of education fees
Feb 15, 2024
The two leaders held one-on-one and delegation level talks. They reviewed the bilateral partnership and discussed new areas of cooperation
Feb 14, 2024
Q3FY24 EBITDA at Rs10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%
Feb 12, 2024
India's Unified Payments Interface, i.e. UPI, is now performing a new responsibility - Uniting Partners with India": "India's policy is 'Neighborhood First'. Our maritime vision is SAGAR i.e. Security And Growth for All in the Region": Narendra Modi
Feb 12, 2024
Brand ambassador MS Dhoni graced the event where Sarvatra Technologies launched their new app in association with Enigmatic Smile.
Feb 10, 2024
The new framework will streamline user experience while empowering them with choice and convenience
Feb 09, 2024
The proposal for a principal-based authentication framework in digital payments boosts security and promotes digital financial services adoption, particularly benefiting MSMEs
Feb 08, 2024
This innovation is providing for an extra layer of protection against unauthorized transactions and increasing overall trust in digital payment systems
Feb 08, 2024
RBI proposes to adopt a principle-based "Framework for authentication of digital payment transactions"; RBI proposes to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks
Feb 08, 2024
Wise Unveils ATM Withdrawal Fees Across Top APAC Travel Destinations
Feb 07, 2024
India's Pioneering Rural Fintech Elevates Sameer Nagpal to Chief Operations Officer at Spice Money, appoints Harsh Mittal as Chief Product & Technology Officer, and names Binu Varghese as the General Counsel of the Spice Group
Feb 07, 2024
slice account simplifies the payment process by eliminating cross-selling and prioritising a user-friendly interface designed to save time
Feb 05, 2024
One 97 Communications (OCL) will work with banks, other than Paytm Payments Bank; OCL and Paytm Payments Services Limited (PPSL) will move the nodal to other banks by February 29, 2024.
Feb 04, 2024
This announcement is of particular significance considering that Indian tourists rank as the second largest group of international visitors to the Eiffel Tower
Feb 02, 2024
FIBE's vision of empowering and upskilling the youth to fulfil their aspirations are aligned well with the initiatives
Feb 01, 2024
The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI)
Feb 01, 2024
No further deposits or credit transactions or top ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime
Jan 31, 2024
Consideration urged for a waiver of GST on all financial services made available from BC outlets, an Income Tax relief for the next seven years, and reduced import duty on essential financial services devices
Jan 31, 2024
Comprehensive programs within the budgetary provisions can raise awareness about the efficacy of secured credit cards in cultivating positive credit histories
Jan 24, 2024
Payments business incrementally added over INR 1 billion Gross Revenue in a single quarter
Jan 23, 2024
Through this partnership, AFS's diverse products and solutions portfolio will be further enhanced with Kiya.ai's deep domain expertise and new-age banking technologies which include Core Banking, Digital Banking, Internet Banking, electronic Customer Onboarding (eCO) and Trade Finance solutions
Jan 23, 2024
The partnership will strengthen Zaggle's product suite, and will add to its unmatched expense management solutions with multi-wallet functionalities
Jan 23, 2024
According to Razorpay's data, 5-15% of UPI transactions see friction due to pending status and its merchants lose their business in 30-40% of the cases wherein the customer is not comfortable making a double payment via UPI or paying through any other method. Using Razorpay POS device's fully automated system, the refund process now takes a maximum of 2 minutes compared to the industry standard of 5 to 6 business days
Jan 22, 2024
Paytm's Revenue up 38% YoY to Rs2,850 Cr; EBITDA before ESOP of Rs219 Cr, margin improved to 8%
Jan 22, 2024
4 million customers have onboarded e-Rupee; the success is visible with more than 12 billion transactions carried out through UPI in December 2023; Reserve Bank’s composite Digital Payment Index which has increased almost four-fold in the last 5 years
Jan 17, 2024
Strategic appointment underscores Infibeam's unwavering commitment to technological advancements within the AI landscape
Jan 17, 2024
the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions
Jan 17, 2024
Hitachi Payment Services launches its new financial inclusion initiative to expand to hinterland
Jan 16, 2024
Users can receive funds from Singapore via UPI-PayNow Linkage; More Third-Party Application Providers (TPAPs) and bank apps are expected to be added to the linkage soon
Jan 11, 2024
Demand for travel credit cards see a 27% (YOY) growth, e-commerce 24%, & fuel 17%, New-To-Credit (NTC) consumers rise by 19% during 2023
Jan 09, 2024
The Artificial Intelligence -powered fintech has signed a MoU with the Gujarat Government for developing cutting-edge vision AI-technology for payments and platforms specifically tailored for retailers
Jan 09, 2024
Retains Dominant Leadership Role in Foreign Exchange, Inward and Education Money Remittance Sectors
Jan 08, 2024
Hitachi Payment Services Completes Acquisition Of Writer Corporation's Cash Management Business
Jan 08, 2024
The fintech sector saw significant growth, with the adoption of digital payments and blockchain technology
Jan 03, 2024
It has been decided to enable other contemporary devices, viz., (i) Soundbox devices – providing instant audio payment confirmation along with payment acceptance by "scan & pay" and Near Field Communication (NFC), and (ii) Aadhaar-enabled biometric devices – certified biometric scanner devices facilitating Aadhaar authentication for acceptance of payment by merchant through BHIM Aadhaar Pay, would be eligible for subsidy under the Scheme, for installations made from October 01, 2023 onwards
Jan 02, 2024
The launch is set to commence in its Beta phase for the equity cash segment, with the collaborative support of clearing corporations, stock exchanges, depositories, stockbrokers, banks, and UPI app providers
Dec 29, 2023
Donations are effortlessly made through QR codes at the counters, streamlining the process for devotees; Ayodhya is experiencing a digital rejuvenation and a technological leap; From sublime spirituality to digital transcendence
Dec 27, 2023
Tier 2, 3 and beyond cities have emerged as a hotbed of digitization, with MSMEs in these regions actively adopting fintech solutions to streamline operations, enhance customer experiences, and expand their reach
Dec 27, 2023
Akash Sinha: We will see the introduction of regulatory frameworks that will help curb risk to build a safer and more secure digital payment environment
Dec 27, 2023
The company has announced the christening of its AI-Hub at GIFT City as Phronetic
Dec 26, 2023
Dilip Modi, Founder, Spice Money: Women-owned MSMEs, constituting nearly 14% of the total registered units, have experienced an impressive 110% annual job growth over the past six years
Dec 22, 2023
The company aims to make finance fun and rewarding, thereby helping India's youth build better financial health
Dec 22, 2023
PayNearby Report: Assisted e-commerce (meta commerce) grows by 91% in semi urban and rural retail counters
Dec 20, 2023
RBI has granted the final authorisation to Cashfree Payments to operate as a payment aggregator
Dec 19, 2023
All worldwide operations of the Company will continue to operate in the ordinary course and without any interruption
Dec 19, 2023
All worldwide operations of the Company will continue to operate in the ordinary course and without any interruption
Dec 19, 2023
Oil prices rose as major shipping firms announced to avoid the Red Sea route in the wake of pirate attacks. This could in turn lead to lead supply side pressures
Dec 19, 2023
The company launches One Nation Corporate Card
Dec 19, 2023
FlowWise cuts processing costs upto 40%, improves success rates upto 10%; FlowWise significantly enhances security of the payments system, by eliminating the risks such as data leaks
Dec 13, 2023
Infibeam Avenues expands merchant financial landscape
Dec 12, 2023
The strategic measures will stimulate digital transactions, effectively curbing cash usage and fostering the growth of a cashless economy. There is a major boost to the cashless system
Dec 08, 2023
It is a single integration platform designed for businesses handling repeat payments, to get discovered on 150+ digital channels and 35 lakhs+ offline collection centres on BBPS and collect bill payments at scale
Nov 30, 2023
Payments for net zero: How industry can contribute towards decarbonization
Nov 28, 2023
In partnership with leading PSU and private sector banks, PayPoint India has more than 67000 retailers on the ground offering 100 plus services across geographical spread of India
Nov 28, 2023
Diwali 2023 Takes Off with 2x Flight Ticket Splurge and a 35% Jump in Holiday Accommodations; Dhanteras Gold Rush Keeps Up Its Momentum
Nov 21, 2023
A seamless way for merchants to verify user identity eliminating the need for technical expertise thereby enhancing accuracy and reducing drop offs
Nov 21, 2023
Hyderabad-based Ohris comes on board to use Fudr platform for launching an app featuring self-pickup, ordering and loyalty cards for Qaffiene
Nov 08, 2023
RCMS acquires Acemoney
Nov 07, 2023
This elevation comes at a time when Razorpay has begun expanding its footprint globally, starting with the SEA region
Nov 07, 2023
People are making seamless payments from mobile in real-time with UPI.
Nov 01, 2023
Cardholders will benefit from SBI Card's best-in-class value propositions, offers, & latest technology. With an eco-conscious approach this one-of-its-kind card is made of 100% recycled plastic
Oct 31, 2023
The new partnership will work towards integrating MasterCard solutions with Aurionpro Transit's Automatic Fare Collection technology to simplify mobility and offer a seamless public transport experience.
Oct 30, 2023
Regulatory Sandbox
Oct 27, 2023
PayNet membership will help Curlec drive nationwide adoption of real-time payments through DuitNow
Oct 26, 2023
It has processed transactions in excess of Rs150 Bn, has plans to increase its on shore presence in overseas geographies such as UAE
Oct 26, 2023
Cash back incentive has significantly increased acceptability of digital transactions
Oct 25, 2023
Transformative initiative to ensure card access
Oct 20, 2023
Around 2200 offers across 2700+ cities to enhance festivities, SBI Card customers can enjoy up to 27.5% cashback
Oct 20, 2023
To jointly create a large brand in the travel banking space
Oct 20, 2023
Going live on myjio app for the biller Arzooo with Axis Bank as the BOU
Oct 19, 2023
Tech stalwarts bring the best of capabilities in the FinTech industry to offer banks next-generation digital experiences
Oct 19, 2023
Master Business Correspondent Agreement
Oct 18, 2023
