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Digital payments in India to grow threefold—from 159 billion in FY24 to 481 billion by FY29: PwC

In terms of transaction value, the market is expected to nearly double during this period, expandin…

ANI   


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India’s credit card market set to double by 2029, reaching 200 million cards

India's credit card market is set to reach 200 million cards by FY28-29, growing at a 15% CAGR, acc…

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Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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Daily digital transactions in India via UPI equivalent to population of EU, highlights PM Modi

In the first 20 days of August alone, India recorded a staggering 9,840.14 million UPI transactions…

ANI   


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Over 40% consumers use digital payment every day in Tier 3-6 cities: Report

According to the report, nearly half of the merchants who are not using digital payments in r…

PTI   


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India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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UPI transactions cross Rs 20 trillion for third successive month, in July 2024

Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…

ANI   


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RBI to set up public repository of digital lending apps to check unauthorised players

In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…

PTI   


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RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system

The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…

ANI   


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India accounts for nearly half of the global digital payments, highlights RBI report

India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…

ANI   


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India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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You can let your family members use your UPI account for payments, RBI introduces delegate payments

The Reserve Bank of India announced a new feature called delegated payments, enabling users to auth…

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India to see retail digital payments to double to USD 7 tn by 2030: Report

Millennials and Gen X are leading in the adoption of all types of digital payment instruments.

PTI   


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Data privacy issues, online frauds emerging as e-commerce growth hurdles: Eco Survey

The e-commerce industry in India is expected to cross USD 350 billion by 2030 and called for the ne…

PTI   


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India to introduce UPI payment service in Maldives

"Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Minist…

PTI   


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RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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Size does matter: Debit cards for large payments & UPI for smaller ones

Indians have gotten habituated to fishing out their phones instead of cards, and that’s been fuelli…

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Countries from Russia to China are building payments systems that could threaten the dollar's global dominance

Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…

Huileng Tan   


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Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis

Payments towards mutual fund investments, insurance, and trading have seen a massive jump in the ju…

ANI