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EPS Pensioners to get pension from any bank, any branch, anywhere in India from January 1, announces Mansukh Mandaviya

The CPPS is expected to benefit over 7.8 million EPS pensioners of EPFO. By leveraging advanced IT …

ANI   


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Zoho launches Zoho Payments, a payment gateway and aggregator

Zoho Payments as a payment aggregator has been registered as a Bharat Bill Payment Operating Unit (…

PTI   


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Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official

The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…

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'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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5 mins read

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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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   


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RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment

Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…

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What has changed for your credit cards, starting today?

Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…

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1 min read

Global cyber outage: Banks, payments systems unaffected by Microsoft outage

HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…

PTI   


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Global IT outage hits Starbucks mobile-order system and card payments at businesses

Some retailers and fast-food chains are limiting their operations and only taking cash payments fol…

Grace Dean   


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UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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3 mins read

Sanctions-hit Russia is rushing to set up payment systems, including crypto, to make trading easier

Russia is facing so many issues with its international trade payments that it's shifting its previo…

Huileng Tan   


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Russia hit Google with a fine so big it defies comprehension, exposing a legal system adrift

Russia's massive Google fine is huge, symbolic, and likely unenforceable, but it's part of an incre…

Joshua Nelken-Zitser,Kieran C…   


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NPCI International to support Namibia develop instant payment system like UPI

A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limit…

ANI   


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4 mins read

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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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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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   


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De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.

"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…

Filip De Mott   


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8 million student-loan borrowers enrolled in Biden's new repayment plan won't have to make payments for at least another 6 months

The Education Department extended the student-loan payment pause by at least 6 more months for borr…

Ayelet Sheffey