Payments News

Flat fee of Rs 5 on railways, telecom services, insurance, and fuel transactions over Rs 2000

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India's Unified Payments Interface (UPI) processed a record 24.51 billion transactions worth Rs 29.82 lakh crore in August, as smaller-ticket payments continued to drive growth.Data released by the National Payments Corporation of India (NPCI) showed transacti

Why Urban Life in India Can Feel More Convenient Than in Many Developed Countries India convenience economy, urban life in India, India vs developed countries, quick commerce India, UPI payments, doorstep delivery India, food delivery India . Ori

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance

Reserve Bank of India s (RBI) Deputy Governor Shirish Chandra Murmu on Wednesday underlined the importance of artificial intelligence (AI) in the banking system but emphasised that human intervention remains necessary in implementing the technology and identif

Payments firm Razorpay has launched an artificial intelligence (AI) model trained on four billion transactions to improve online payment success and detect fraud, bringing routing, risk checks, and checkout personalisation into one system.Developed along with

The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians

India s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infra behind UPI. Each technological leap solved the same fundamental challeng

PayPal in talks with Stripe and private equity firm over sale: report - The Economic Times PayPal sale news,Stripe investment,private equity firms,digital payments industry,market value of PayPal,Advent International,peer-to-peer payments,PayPal shares jump,El

Last week, the Taxation and Other Laws (Amendment) Bill, 2026, was passed in the Lok Sabha, which proposes changes to the Payment and Settlement Systems Act, 2007, that create pathways for fees to be charged on UPI and RuPay debit card payments. Introduced in

Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost

Digital commerce has evolved through multiple infrastructure eras. What began as browser-led e-commerce eventually transformed into mobile-first transactions with real-time payments, embedded finance, and intelligent consumer engagement ecosystems that today p

Indian diaspora could be UPI s ticket to the global payments map - The Economic Times UPI Payments,National Payments Corporation of India,India Diaspora,cross-border payments,remittances,mobile payments,Reserve Bank of India,OpenAI,payment systems,real-time pa