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GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you
At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Attention! Here's what's changing with your PPF, F&O trading, and buybacks, starting today!
The interest rates on various small savings schemes were left unchanged by the Finance Ministry for…
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…
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…
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
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…
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
Zomato announces new feature for cash on delivery orders and it can help solve a huge problem
Zomato has introduced a feature to address the inconvenience of finding exact change for cash on de…
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
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
Rise seen in financial inclusion index, jobs in the country, notes RBI
Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…
Fino Payments Bank has its eyes set on becoming a small finance bank
ino Payments Bank is keen to become a small finance bank after having completed five years of opera…
PTI
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says
The US Treasury and State Department recently announced fresh restrictions against 400 people and e…
Huileng Tan
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
Paytm UPI Lite is leading small-value payments in India with single-click transactions that never fail
Recognising the transformative impact of UPI Lite in everyday lives and its widespread popul…
From most credible UPI success rate to no PIN for small value payments – here’s why users believe Paytm is India’s fintech pioneer
India’s digital payments and QR code pioneer Paytm is known for enabling quick and convenient UPI p…
Explained: How UPI LITE makes small payments faster & easier
Have you been frustrated when making UPI payments because your bank’s servers were down? With Paytm…