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Indians credit card spending increases 19% YoY to Rs 1.7 trillion in July 2024
According to a report released by SBI Securities, the total expenditure by credit card users across…
ANI
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
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
UPI transactions volume rises 52% to 78.97 billion in Jan-Jun: Report
This growth in volume was matched by an increase in transaction value, which climbed from Rs 12.98 …
PTI
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
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…
A top Russian banker says Russia's payment methods should be a 'state secret' because the West keeps shutting them down so fast
Top Russian central banker Elvira Nabiullina admitted intense pressure surrounding payments, but sa…
Huileng Tan
Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe
Increased usage of the internet has also resulted in an increase in online fraud. Scammers are find…
Russia is turning to crypto as sanctions snarl payments, report says
Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …
Filip De Mott
78 pc of consumers choose digital banking over cash transactions
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…
ANI
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
Russian businesses are locked out of billions as payment issues reportedly pile up abroad
Russia's foreign financial assets grew $45 billion this year, a sign payment delays are piling up a…
Jennifer Sor
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
A Gen Xer who grew her savings from $50k to $350k in 10 years shares the FIRE methods she's using to get to $1 million
A Gen Xer shares the FIRE strategies she uses to reach $1 million in savings and retire by age 55.
Jacob Zinkula
India's non-cash payments on e-commerce platforms surge to 58.1% in 2023
India has made rapid strides in terms of alternative payment share for e-commerce payments in the A…
ANI
Here’s how to add your RuPay credit card to Google Pay
Google Pay, in association with the National Payments Corporation of India (NPCI), on Tuesday rolle…
China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned
Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.
Huileng Tan
Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…
John Towfighi
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…
Kenya is experimenting with universal basic income. Here's what the US could learn about no-strings payments.
Kenya's universal basic income program, which will continue through 2030, is offering no-strings ca…