PhonePe plans to hire over 20,000 frontline sales staff and deploy more than 50 lakh payment devices nationwide to deepen its reach in rural markets, aiming to boost financial inclusion and merchant acceptance in India’s Tier 6 regions. PhonePe is…
In a novel move, the Delhi High Court pauses a commercial dispute between PayU and Yes Bank to explore mediation under the Commercial Courts Act and involve RBI oversight, highlighting procedural shifts in financial litigation. The Delhi High Court has…
PT Jalin Pembayaran Nusantara is broadening its Cardless Cash Withdrawal offerings through collaborations with banks and fintech firms, reflecting the fast-growing digital economy alongside persistent cash demand in Indonesia. PT Jalin Pembayaran Nusantara is expanding cardless cash withdrawal services as…
India’s Unified Payments Interface has become the world’s largest retail fast-payment system by transaction volume, prompting discussions on sustainable funding amid its growing international reach and usage, India’s Unified Payments Interface has become the world’s largest retail fast-payment system by…
The Supreme Court will hear a petition challenging the government’s decision to introduce a merchant discount rate (MDR) on UPI payments exceeding ₹2,000, raising questions over policy transparency and potential impact on merchants and consumers. The Supreme Court is due…
Google tests a new direct checkout feature for Indian shoppers, allowing seamless purchases within its AI interfaces on Flipkart products, signalling a push to integrate commerce into its AI platform ahead of India’s busy shopping period. Google is testing a…
A routine reconciliation at a B2B marketplace uncovered a costly oversight in card data collection, resulting in doubled effective transaction rates. The issue was traced to missing Level 2 and Level 3 data, which are essential for qualifying for lower…
PhonePe advances towards its first regulated move outside India after receiving in-principle approval from the Central Bank of the UAE for two payment licences, signalling a significant step in its global growth strategy. PhonePe has received in-principle approval from the…
India’s Unified Payments Interface has surpassed 20 billion monthly transactions, illustrating its critical role in the country’s evolving digital economy and setting a new standard for real-time payments worldwide. India’s Unified Payments Interface has crossed a scale that few payment…
Researchers have unveiled Bharat ABIS, an open-source system designed to improve large-scale biometric identification in India’s Aadhaar programme, promising lower error rates and better performance for the country’s vast biometric database. India’s biometric identity system is under pressure from scale,…
The Indian government has clarified that travellers leaving the country for short trips will not incur extra UPI costs, as new merchant discount rate regulations target merchants rather than consumers, with specific rules effective from October 2026. The Indian government…
Apple prepares to launch its payment service in India through Axis Bank, capitalising on recent biometric authentication reforms, yet faces a crowded UPI-dominated market with a limited initial focus on card payments. Apple is preparing to bring Apple Pay to…
