Apple Pay remains one of the notable omissions in India’s digital payments ecosystem. In recent months, however, the rumour mill has suggested that its launch could be on the horizon. Apple now appears to be building out its payments operations in the country. A new job listing published by the Cupertino-based tech giant specifically mentions Apple Pay and its India...
Bitpace has integrated Fireblocks into its payments infrastructure to support stablecoin transfers, multi-currency treasury management, and cross-border settlements. The service is aimed at businesses and merchants, with Fireblocks providing transaction controls, security features, and custodial infrastructure. Fireblocks said stablecoins accounted for 69 percent of i...
CTI has asked the Finance Ministry to reconsider MDR charges, saying that a fee on larger UPI transactions could make cash more attractive.
Apple Pay could finally make its India debut next month. First introduced in the US in 2014, the payment service has been absent from one of the world's largest digital payments markets despite Apple's growing presence in the country. According to a seasoned journalist, Apple Pay is expected to support card-based payments, while its potential integration with India's ...
Scammers are increasingly creating fake websites. If consumers search for a service and land on a fake website, they are asked to pay an advance.
During his visit, Jaishankar and the King of Bhutan lit butter lamps at a prayer ceremony held at Tashichhodzong to mark Prime Minister Modi's birthday.
These lockers utilise a digital/OTP-based access system, allowing passengers to safely store and retrieve their belongings.
The introduction of a fee can have a psychological effect beyond its immediate financial cost. Businesses that have come to view digital payments as free may begin to look for alternative - split payments, cash, and so on
Small merchants receiving up to Rs 1 lakh a month through UPI QR payments will continue to operate under zero MDR, as per the new framework.
UPI Payments Free For Years: The government has subsidised UPI adoption for years. Official figures show thousands of crores in payouts over years.
The government has clarified the rules around charges on digital payments. In recent days, there have been concerns over whether recent changes to the Payment and Settlement Systems Act, 2007, could eventually result in charges for UPI users in India. The latest notification, issued by the Ministry of Finance on Monday, reveals that consumers will not be charged for u...
If you pay Rs 5,000 or Rs 10,000 through UPI, there is currently no government-announced consumer transaction fee that automatically applies.
India needs a layered approach, not a single alternative to the dollar: dollar where it's efficient, local currency where trade flows support it.
India is proposing BRICS countries link up their central bank digital currencies for cross-border transactions, thereby reducing reliance on banks and cutting down on costs.
Gemini has secured a Major Payment Institution licence from Singapore’s Monetary Authority, allowing its local entity to provide digital payment token and cross-border money transfer services. The approval follows an in-principle licence granted in October 2024. Gemini has operated in Singapore since 2020 and currently offers spot trading, custody, and OTC services.
Once installed, malicious applications can abuse accessibility, notification and other permissions to monitor activity, and read OTPs.
The National Payments Corporation of India will announce new functionalities for UPI during the Global Fintech Fest 2026, which is set to take place at the Jio World Centre in Mumbai between September 8 and 11, according to a report. The organisation is said to soon start allowing users to port UPI autopay mandates from one digital payments platform to another. This w...
PhonePe has introduced UPI 123Pay for feature phones, allowing users to make digital payments without an internet connection. The SMS-based service supports transfers through mobile numbers and UPI IDs, along with QR payments on compatible camera-equipped phones. It also offers bank balance and transaction history features, while bill payments, recharges and Aadhaar-b...
A Bengaluru student driving for Rapido was scammed to the tune of Rs 1,000 via a fake hospital emergency request.
Industry experts advocated for more developments in interoperable payments, identity connectivity, and digital public infrastructure between India and Nepal.
Diwas Kumar called the India-Nepal corridor among the most active in the region, but said that its next generation “cannot run on the infrastructure of the previous one.”
India's UPI system revolutionised digital payments, driving financial inclusion and reshaping commerce nationwide.
Despite the rapid growth of digital payments, usage remains significantly lower among women, suggesting that the digital payments revolution is still largely driven by men.
Whether buying street food, having a cup of chai, taking an autorickshaw or picking up a Rs 20 snack, she noticed that paying by scanning a QR code was often an option.
