Asia-Pacific nations are transforming international retail payments through Project Nexus, aiming for a 2027 deployment that offers instant, low-cost, and seamless cross-border transactions by linking domestic payment systems into a unified network. Asia-Pacific is emerging as the most convincing test…
The Chamber of Trade and Industry has called for the reversal of a new merchant discount rate on higher-value UPI transactions, warning it could hinder digital payment adoption and revive cash usage amid protests and industry concerns. The Chamber of…
Indian store owners must consider a tangled web of transaction fees, taxes, and additional charges when choosing payment solutions on Shopify, with recent shifts making profitability more complicated than ever. Indian Shopify merchants cannot use Shopify Payments, so they have…
As banks’ IT budgets are increasingly consumed by maintaining outdated core systems, experts warn that delays in modernising infrastructure could undermine customer experience and competitiveness by 2027. By 2027, many banks may still be running on core systems that were…
India’s new UPI merchant discount rate framework, set to take effect in October 2026, aims to ensure long-term sustainability of digital payments by applying a narrow fee only to transactions above ₹2,000, with protections for small merchants and reassurances that…
The Confederation of All India Traders (CAIT) has denied endorsing a nationwide ‘No UPI Day’ on 2 October, as traders plan protests against MDR charges on digital transactions, with official clarifications emphasizing its impartial stance amidst growing merchant unrest. The…
Pine Labs partners with Google Cloud to introduce AI-powered autonomous trading tools designed to enhance discoverability, transactions and operational efficiency for Indian small businesses, signalling a disruptive shift in retail and payment ecosystems. Pine Labs has unveiled a collaboration with…
Pine Labs plans to roll out 10 lakh Soundboxes nationwide to enhance UPI adoption beyond low-value transactions, supporting the growth of digital commerce and financial inclusion across India. Pine Labs has announced plans to deploy 10 lakh Soundboxes across India…
Pine Labs has partnered with Google Cloud to develop an AI-powered commerce system aimed at transforming how Indian small and medium-sized businesses discover, transact, and operate within automated shopping journeys, addressing historically slow tech adoption in the sector. Pine Labs…
As Indian consumers increasingly adopt instalment payments as a routine habit, global merchants must adapt their checkout systems to maintain relevance and maximise conversions, reflecting a broader shift in payment behaviour driven by formal credit growth and innovative UPI integrations.…
India’s Unified Payments Interface is transforming into a model for international instant payment connectivity, with expansion into 13 countries and a strategic shift towards cross-border interoperability amid surging transaction volumes. India’s Unified Payments Interface has reached a scale that few…
India’s Unified Payments Interface (UPI) processed a record 23.2 billion transactions in May 2026, cementing its role as a global leader in real-time payments and signalling a shift towards routine digital financial activity worldwide. India’s Unified Payments Interface has emerged…
