Petrol pump dealers in India have called on the government to waive all charges on UPI transactions at fuel outlets, warning that proposed fee changes could hurt their margins and discourage digital payments. Petrol pump dealers have urged the Indian…
India’s Financial Intelligence Unit targets 15 offshore crypto exchanges for operating without registration and compliance, intensifying efforts to regulate digital assets and curb illicit activities. India’s Financial Intelligence Unit has stepped up pressure on offshore crypto exchanges, accusing 15 platforms…
India’s digital payment platform UPI is set to revolutionise access to credit for small businesses and first-time borrowers, transforming the landscape of financial inclusion and lending practices. India’s fintech story is entering a second stage. After years in which digital…
A prominent industry figure advocates for maintaining free UPI transactions for at least five more years to uphold India’s global edge in digital finance, amid ongoing discussions on introducing merchant discount rates. A. Velumani has urged India to keep Unified…
The Supreme Court has moved against a proposed 0.4% merchant fee on high-value UPI transactions, sparking a legal debate over the move’s impact on small businesses and the drive for a less-cash economy. The Supreme Court has been moved against…
India’s plan to impose a 0.4% fee on high-value UPI transactions above Rs 2,000 aims to sustain digital payment infrastructure, but official data suggests the move will only affect a small segment, with digital payments and cash continuing to grow…
Comviva has named Sanjiv Patankar as head of its fintech business, aiming to accelerate growth in digital wallets, embedded finance, and AI-driven financial ecosystems amidst increasing global competition. Comviva has appointed Sanjiv Patankar to lead its fintech business as the…
From October 15, India’s National Payments Corporation of India introduces a 0.4% merchant discount rate on high-value merchant transactions, shaping a new era for digital payments that preserves free everyday use while ensuring system sustainability. India’s Unified Payments Interface is…
As businesses in India adopt varied recurring billing strategies supported by advanced payment methods, they are enhancing customer control and operational resilience, driven by new tools from providers like PayU and Microsoft. Recurring payments have become a practical way for…
From October 2026, India introduces a revised UPI fee structure that keeps consumer transfers free but applies minimal charges to high-value business and capital market transactions, potentially impacting investment platforms and traders. India’s new UPI fee framework is set to…
Mumbai-based payments platform Mintoak has acquired Dubai’s ICC Loyalty, extending its reach across the Middle East, Africa, Eastern Europe and Asia, integrating merchant payments with consumer engagement tools to shift focus from processing to customer retention. Mintoak, the Mumbai-based payments…
A payments company’s near-year of reliable fraud detection was disrupted by a seasonal surge, revealing the importance of advanced model monitoring that looks beyond surface metrics to identify subtle environmental changes. A payments company’s fraud model ran reliably for nearly…
