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India's parliament signals shift towards merchant fees on UPI transactions

India’s parliament has paved the way for merchant fees on certain UPI transactions, marking a significant shift from the country’s long-standing zero-cost digital payment model for large businesses amid growing financial sustainability concerns. India’s Parliament has opened the way for…

  • apxadmin
  • August 6, 2026
  • Fintech & Digital Money

India leverages digital infrastructure as a tool of soft power with global expansion

India is formalising its digital public infrastructure, including platforms like Aadhaar and UPI, into a diplomatic asset by signing cooperation agreements with 23 countries, signalling a shift from domestic use to international influence, especially across the Global South. India is…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

RBI unveils accelerated redemption schedule for sovereign Gold Bonds until August 2026

The Reserve Bank of India has announced a new early-redemption timetable for Sovereign Gold Bonds, allowing investors to redeem six series by August 2026, amid changing tax proposals and a rising gold price link. The Reserve Bank of India has…

  • apxadmin
  • August 6, 2026
  • Fintech & Digital Money

Ionic Wealth’s new AI reshapes portfolio insights with 20-year historical analysis

Mumbai-based Ionic Wealth launches AI-powered feature enabling investors to view personalised portfolio insights based on two decades of transaction history, signalling a shift towards more tailored, real-time wealth advice in India. Ionic Wealth has launched a new AI feature that…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

India’s central bank extends diaspora deposit scheme amid rising foreign inflows

India’s Reserve Bank will keep its overseas deposit window open until September 30, as a surge in foreign currency inflows supports the rupee and bolsters reserves, with expectations of surpassing $50 billion in total deposits. India’s central bank will keep…

  • apxadmin
  • August 6, 2026
  • Tax, Laws & Money Explained

Delay in tax refunds often caused by simple errors, says Indian Income Tax Department

While many taxpayers experience swift refunds, delays often stem from mismatched bank details, identity verification issues, or technical glitches, underscoring the importance of accurate and verified records during filing. Many taxpayers are finding that refunds can arrive astonishingly quickly, but…

  • apxadmin
  • August 6, 2026
  • Fintech & Digital Money

ICICI Bank enables UPI linking for HUF savings accounts, but with branch-level hurdles

ICICI Bank appears to support UPI for Hindu Undivided Family savings accounts, but customers face procedural nuances at branch level and app setup, highlighting evolving digital banking integration for shared family finances in India. ICICI Bank customers who hold a…

  • apxadmin
  • August 6, 2026
  • Fintech & Digital Money

India faces rising cyber threats as AI-generated scams accelerate and literacy becomes a security priority

India’s expanding digital economy faces new risks from AI-driven scams, prompting authorities to emphasise AI literacy as a crucial layer of cybersecurity amidst escalating fraud cases and sophisticated impersonation techniques. India’s cyber authorities are increasingly treating AI as more than…

  • apxadmin
  • August 6, 2026
  • Fintech & Digital Money

Businesses increasingly blend payment links and gateways to match customer journey and scale

As digital commerce evolves, companies are adopting hybrid payment solutions, using gateways for online sales and links for quick, informal transactions, to optimise cash flow and customer experience. For many businesses, the real choice is not between a payment gateway…

  • apxadmin
  • August 5, 2026
  • Tax, Laws & Money Explained

India enables inventory-based exports for e-commerce firms to boost overseas shipments

India has introduced a new framework allowing e-commerce companies to hold stock for export, aiming to simplify cross-border trade and support smaller manufacturers in reaching global markets. India has moved to formally open a narrow but potentially important export channel…

  • apxadmin
  • August 5, 2026
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