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New Delhi [India], April 7 (ANI): India's digital payment infrastructure has entered a phase of deep structural maturity, with the Unified Payments Interface (UPI) now firmly at the core of the country's retail payments architecture, according to a new report by CareEdge. The report noted, "digital payments now account for 93 per cent of payment value and 99.8 per cent of transaction volume as of 9MFY26." Also Read | Bhavna Bhargava Honey Trap Case: Ex-Serviceman Lured, Threatened With False R ...Read More >
India's Unified Payments Interface (UPI) is revolutionizing the country's payment infrastructure by dominating low-value transactions and expanding internationally. With digital payments now making up 99.8% of transaction volume, UPI is becoming the default rail for retail payments, overshadowing traditional methods like debit cards and prepaid instruments. India's digital payment landscape has reached a pivotal stage of structural advancement, with the Unified Payments Interface (UPI) now serv ...Read More >
New Delhi [India], April 7 (ANI): India's digital payment infrastructure has entered a phase of deep structural maturity, with the Unified Payments Interface (UPI) now firmly at the core of the country's retail payments architecture, according to a new report by CareEdge. The report noted, "digital payments now account for 93 per cent of payment value and 99.8 per cent of transaction volume as of 9MFY26." As per the report, traditional payment instruments such as debit cards and prepaid instru ...Read More >
SBI UPI down: Downdetector shows a steep jump in the number of complaints, including over 500 payment issue-related complaints reports for State Bank of India.Several UPI users have reported facing payment-related issues, with many of them taking to X (formerly Twitter) to flag concerns. Downdetector also shows a steep jump in the number of complaints, including over 500 payment issue-related complaints reports for State Bank of India (SBI). Many UCO Bank UPI users have also raised complaints o ...Read More >
New Delhi, April 1: Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers cont ...Read More >
India's Unified Payments Interface (UPI) processed 218.6 billion transactions in the fiscal year ending March 2026, with a cumulative value of Rs 284.7 lakh crore, according to data from the National Payments Corporation of India (NPCI). Transaction volumes remained consistently elevated, crossing the 20-billion mark in several months, even as growth showed signs of tempering in the latter part of the year. January recorded the highest volume with 21.7 billion transactions, followed by Decembe ...Read More >
Mumbai - Network People Services Technologies Limited (NPST), a leading digital banking and payments technology company, has announced the launch of its Bank-in-a-Box platform, a comprehensive and ready-to-deploy digital banking solution designed to help small, mid-size, and co-operative banks accelerate their digital transformation and enhance customer experience. Banks across India continue to face challenges such as legacy systems, fragmented infrastructure, and limited digital capabilities ...Read More >
Jammu, Aug 14 (PTI) The Army has joined the relief and rescue operation at the cloudburst-hit Chisoti village in Jammu and Kashmir's Kishtwar district, in which 30 persons have died and more than 100 have been injured, officials said. "In the aftermath of a cloudburst at the Chisoti village in Kishtwar, troops of the White Knight swiftly mobilised for relief and rescue operations," a Jammu-based PRO said. The efforts are centred on safeguarding lives and aiding survivors, he said, adding that ...Read More >
New Delhi: To celebrate India's 79th Independence Day, the State Bank of India (SBI) has introduced a special personal loan scheme just for Agniveers -- the young individuals recruited under the Government's Agnipath military programme. This new loan option is designed to provide financial support during their short-term service and help them secure a strong financial future. Agniveers with an SBI salary account can now get personal loans up to Rs 4 lakh without any collateral or processing fee ...Read More >
Mumbai: The State Bank of India (SBI), the country's largest public sector bank, has announced a revision in its Immediate Payment Service (IMPS) transaction charges for online fund transfers. Starting August 15, customers transferring more than Rs 25,000 through online platforms such as internet banking or mobile banking will be subject to nominal fees. This marks a significant shift in the bank's digital transaction policy, although IMPS transactions made through branches will remain unaffecte ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
Mumbai: Following public outrage, ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in urban areas. Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank. "We had introduced new requirements for the minimum Monthly Average Balance (MAB) for new S ...Read More >
Hyderabad: Launched on June 1, 2017, T-Wallet holds the distinction of being India's first State-managed digital wallet. Introduced by the Telangana government, the platform was designed to facilitate smooth digital transactions for both government and private payments, transforming how citizens interact with digital financial services. Since its inception during the 2016 demonetization period, T-Wallet has registered 16 lakh users and processed over four crore transactions in its eight-year jo ...Read More >
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