CS Setty, SBI chairman, emphasises that the rising costs of UPI transactions cannot be isolated due to shared infrastructure, as India’s digital payment system reaches new heights and sparks discussions on merchant charges. State Bank of India chairman CS Setty…
India’s finance ministry clarifies that the Unified Payments Interface will continue to offer free person-to-person transfers and most merchant payments, addressing concerns over potential user fees as the system’s usage accelerates and expands internationally. India’s finance ministry has moved to…
India’s flagship digital payment system may soon introduce merchant charges, risking a shake-up in the nation’s seamless transaction landscape amid rising costs and international scrutiny. India’s Unified Payments Interface has become one of the country’s most powerful pieces of financial…
India’s government launches advanced cyber security and digital infrastructure initiatives aimed at strengthening nearly 1,400 urban cooperative banks, fostering financial inclusion and sector competitiveness. A new technology push for India’s urban cooperative banks gathered pace on Saturday as Union Home…
As transaction complexity and volumes rise in India, developers prioritise rapid integration, comprehensive documentation and reliable support over traditional marketing attractiveness, with Cashfree and Decentro emerging as preferred options for streamlined implementation. For developers building payment stacks in India, the…
A rising trend of digital lending in India is leading young borrowers into long-term debt cycles, with mounting financial and mental health repercussions driven by aggressive recovery practices and inadequate safety nets. A Lucknow engineer’s first brush with an instant…
The Reserve Bank of India proposes new draft rules easing housing loan limits for rural co-operative banks while tightening fraud prevention measures, potentially transforming rural lending landscape. The Reserve Bank of India has moved to tighten oversight of rural co-operative…
India’s Unified Payments Interface will continue to be free for the majority of users, with officials reassuring the public amid recent speculation of potential charges on large transactions and merchants, though plans for narrow fee applications are under consideration. India’s…
Mumbai-based fintech GetVantage has secured Rs. 63 crore in a Series A1 round, boosting its capacity to expand embedded cash flow financing for small businesses through its AI-driven Capital Gateway platform amid ongoing MSME credit gaps in India. Mumbai-based fintech…
Walmart-owned Flipkart is set to enter India’s online food delivery sector with a Bengaluru pilot, offering significantly lower commissions to attract restaurants amid stiff competition from Zomato and Swiggy. Flipkart is preparing to enter India’s online food delivery market with…
The Delhi government’s Lakshmi Yojana garners over 5.14 lakh registrations within seven days, with the first installment targeted for Raksha Bandhan, signalling a swift push for women’s economic support. Within 7 days of launch, Delhi’s Lakshmi Yojana has drawn more…
India’s parliament has enacted a new bill to modernise how bank records are accepted as evidence in court, replacing an 1891 law with regulations suited for the digital age. While aiming to streamline legal processes, the legislation raises critical questions…
