Industrial marketplace Pneucons will stop accepting UPI payments for orders from October 10, as India prepares to implement a new merchant fee on higher-value transactions, signalling a shift towards a more sustainable digital payments ecosystem. Industrial marketplace Pneucons will stop…
Nobel laureate Michael Spence praises India’s advanced digital payments and identity systems, highlighting their global influence and potential for export as the country approaches upper-range growth while strengthening security measures. Michael Spence has said India’s digital payments and identity infrastructure…
Reserve Bank of India Governor Sanjay Malhotra affirms the country’s backing for digital infrastructure like blockchain and tokenisation, but signals a cautious stance on private cryptocurrencies due to concerns over monetary sovereignty and policy control. India is continuing to support…
India’s Unified Payments Interface (UPI) continues to soar, handling a record 145 billion transactions in the first half of 2023, reflecting its deep integration into everyday life and expanding global footprint. India’s home-grown digital payments network, Unified Payments Interface, has…
India’s parliamentary finance panel is nearing the completion of a report advocating stricter oversight of digital assets, amid warnings from regulators and a push for clearer legal frameworks to address cryptocurrency and NFT risks. India’s parliamentary finance panel is close…
The Central Board of Secondary Education has advised affiliated schools to expand digital payment methods, including UPI, RuPay, and BBPS, to promote secure, transparent, and cashless transactions across campus activities amid government support for wider digital financial inclusion. The Central…
September’s slight dip in UPI transactions has sparked debate, but data indicates the system remains robust and continues to grow amidst discussions on merchant discount rates ahead of new charges implementation. September’s slight dip in Unified Payments Interface activity has…
Alex Malyshev’s SDK.finance is disrupting traditional fintech development by offering a flexible, API-driven platform that supports rapid deployment and AI-readiness, expanding into non-financial sectors as demand for embedded financial services accelerates. Alex Malyshev has built his reputation on a simple…
The move towards integrated, automated anti-money laundering platforms is transforming how financial firms detect and combat illicit activities, ensuring faster responses and stronger regulatory adherence amid escalating threats. Money laundering has become a routine operational threat for companies that move…
Mpay by MMADPay distinguishes itself in India’s competitive fintech market through its focus on reliability, compliance, and operational stability, honed by years of managing high-volume transactions with Indian Railways’ IRCTC system. MPay by MMADPay is pitching itself as more than…
The National Payments Corporation of India is shifting towards small, task-specific AI models like FiMI to enhance security, compliance, and operational efficiency in the country’s digital payments ecosystem, reflecting a broader move towards deterministic AI in financial services. India’s payments…
While some Indian trade associations advocate for a strike on 2 October to protest proposed merchant discount rates on UPI transactions, others backtracked after discussions with Finance Minister Nirmala Sitharaman, highlighting a divided stance on the issue. Plans for a…
