The Indian government assures that person-to-person UPI payments will stay free, while any future merchant charges will be minimal, as discussions on fee implementation continue. The Finance Ministry has moved to cool speculation that users will soon face charges for…
As India’s digital payment ecosystem expands rapidly, policymakers consider introducing merchant-side charges for high-value transactions to ensure infrastructure sustainability while safeguarding free access for everyday users. The recent uproar over Unified Payments Interface charges has exposed a wider policy question:…
Research predicts India’s crypto sector will grow from $3.04 billion in 2025 to $14.21 billion by 2034, driven by digital infrastructure, retail investment, and Web3 development, despite regulatory hurdles. India’s cryptocurrency market is on track for rapid expansion over the…
The Indian government has clarified that there are no plans to impose fees or GST on UPI transactions, easing fears amid online rumours and recent comments from the Reserve Bank of India. India’s Finance Ministry has moved to calm fears…
State Bank of India enhances its debt recovery efficiency by automating salary-based debits for its Xpress Credit personal loans, capturing over three-quarters of dues without active collection, yet aims to expand to self-employed segments amid operational challenges. State Bank of…
India’s finance ministry clarifies that the Unified Payments Interface (UPI) will continue to be free for individual users, dismissing concerns over potential charges for person-to-person transfers and emphasising targeted, nominal fees for certain high-value merchant transactions in future reforms. India’s…
PhonePe’s CEO confirms that India’s Unified Payments Interface will continue to offer free transactions, fuelling industry discussion on how to fund the rapidly growing infrastructure amid rising transaction volumes and security needs. PhonePe has moved to calm concern over whether…
As the Indian government considers introducing charges for the widely used UPI payments system, debate intensifies over how to sustainably finance the country’s expanding digital public infrastructure without disrupting its zero-fee model. India’s debate over whether UPI payments should remain…
Flipkart ventures into higher-margin gourmet grocery categories through its rapid-delivery arm Minutes and launches a new private label Pykd, reflecting a broader industry shift towards premium offerings and larger baskets in India’s expanding quick-commerce market. Flipkart has widened its quick-commerce…
Indonesia is testing new QRIS connections with Saudi Arabia and India to capitalise on Bali’s tourism rebound, amid surging cross-border transactions and expanding international adoption of its digital payment system. Indonesia is widening its cross-border QR payment network as Bali’s…
