Stay updated with the latest mobile-payment news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on mobile-payment topics.
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
Mumbai (Maharashtra) [India], November 17: PayU, India's leading diversified fintech platform, has received integrated authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across online, offline (physical) and cross-border transactions, including both Inward and Outward, under the Payment and Settlement Systems (PSS) Act. This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants acr ...Read More >
New Delhi [India], October 31 (ANI): Industry body India Fintech Foundation (IFF) has written to the Finance Ministry warning that more than 80% of Unified Payments Interface (UPI) transaction volumes are currently handled by just two third-party app providers (TPAPs). The group has urged policy intervention to prevent systemic concentration and ensure fair competition within India's most critical digital payments channel. In its letter, IFF said the current structure poses "systemic concentrat ...Read More >
The National Highways Authority of India's (NHAI) 'Rajmargyatra' app enables users to gift the FASTag annual pass, the government said on Saturday, urging citizens to consider this "perfect gift for travellers" during the Diwali and festive season. New Delhi, The National Highways Authority of India's (NHAI) 'Rajmargyatra' app enables users to gift the FASTag annual pass, the government said on Saturday, urging citizens to consider this "perfect gift for travellers" during the Diwali and festiv ...Read More >
VMPLMumbai (Maharashtra) [India], October 16: Lxme, India's leading financial platform for women, has announced the launch of LxmePay, the country's first Unified Payments Interface (UPI) exclusively for women. Designed to transform everyday transactions into powerful financial opportunities, LxmePay is more than just a payment tool, it's a step towards smarter, more conscious money management for women.While UPI has made payments faster and more convenient than ever, it has also made it easier ...Read More >
NPCI International Payments Ltd (NIPL) has partnered with NTT DATA Japan to enable UPI acceptance in the Japanese market. This collaboration will allow Indian tourists to make seamless QR code payments at merchant locations acquired by NTT DATA. The MoU aims to enhance the digital payment experience for Indian travelers in Japan. NPCI International Payments Ltd (NIPL) on Tuesday said it has signed a pact with NTT DATA Japan for acceptance of UPI in the Japanese market. In a statement National ...Read More >
HSBC India has launched HSBC Digital Merchant Services. This new solution simplifies payment processes for online businesses. Merchants can now manage various payment methods through a single platform. This includes cards, UPI, and net banking. The service aims to reduce operational costs and improve transaction insights. Mahanagar Gas Limited is an early user of this integrated payment solution. HSBC on Tuesday announced the launch of HSBC Digital Merchant Services (DMS) in India, a digital pa ...Read More >
Paytm upgraded to 'Buy' by Axis Capital as credit-linked payments, stabilising merchant revenue, and tight cost control drive growth; FY27-28 EBITDA estimates raised 33-46%, with a Rs 1,500 price target implying 20% upside amid robust digital finance expansion. Axis Capital upgraded One 97 Communications, the parent company of Paytm, to a 'buy' rating, citing accelerating profitability driven by stabilising merchant payments, rising credit-linked payment products, and tight cost control. The br ...Read More >
An SBI research report indicates that the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is driving a significant shift in digital payment behavior. The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is not only fulfilling the dream of home ownership for millions of urban poor and middle-class families but is also driving a remarkable transformation in digital payment behaviour, noted a research report from the State Bank of India (SBI). Add Asianet Newsable as a Preferred Source The sc ...Read More >
Empowering Indian travellers with smarter, seamless, and borderless spending MUMBAI, India, Oct. 14, 2025 /PRNewswire/ -- Wizz Financial, a first truly global Indian fintech group, proudly announces the launch of the AI-enabled 'Wizz Voyager' multi-currency card, in direct partnership with Visa, a global leader in digital payments, marking a groundbreaking milestone in India's travel and fintech landscape. Designed for today's global citizens, the Wizz Voyager card allows seamless spending in ...Read More >
Starting October 8, India will allow users to authenticate Unified Payments Interface (UPI) transactions through facial recognition and fingerprints, using Aadhaar-based biometric data, sources said. The move follows new RBI guidelines permitting alternative authentication methods and replaces the current PIN-based system. The NPCI plans to showcase the feature at the Global Fintech Festival in Mumbai. India will allow users to approve payments made through popular domestic payments network, th ...Read More >
Setty said the lender needs to get the 'collections piece right' on the small value loans before rolling out other products on the UPI State Bank of India's (SBI's) chairman CS Setty on October 8 said that the lender is working on the simplification of Know Your Customer (KYC) and re-KYC and will engage with the regulators and the government. "We are working on that, the simplification of KYC processes. Even if it means that we need to engage with the regulators and the government, we are taki ...Read More >
Mumbai, October 7, 2025: In a move set to redefine India's digital checkout experience, PhonePe Payment Gateway (PhonePe PG) has partnered with Mastercard to introduce its Device Tokenization solution, a step forward in enhancing online payment security and convenience. The feature was unveiled at the Global Fintech Fest (GFF) 2025, marking a major milestone in the evolution of India's digital payments ecosystem. With this launch, users can now save their card once on the PhonePe app and use it ...Read More >
MUMBAI: The National Payments Corporation (NPCI) has launched a biometric authentication for UPI payments instead of the present PIN-based system. The biometric authentication will be performed on-device and can be used in place of the PIN that has been in use since the popular digital payments system was launched in April 2016. The new tool was rolled out by M Nagaraju, financial services secretary, at the global fintech summit here Tuesday. A biometric authentication is a more seamless, sec ...Read More >
Mumbai, Oct 7 (PTI) The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US dollars in the form of currency notes, forex card load or for outward remittances at competitive prices. With the linkage, customers will be able to access USD through their preferred payment/banking apps integrated with the Bharat Connect or Bharat Bill Payment System (BBPS) platform. Currently, five lenders -- A ...Read More >
MUMBAI: Reserve Bank Governor Sanjay Malhotra, who had earlier stated that UPI cannot remain free forever and that someone else is now paying for it, on Wednesday said the digital payment app will remain a zero-cost platform to encourage its wider adoption. "Currently, we have no proposal to impose any charges on UPI transactions," Governor Malhotra said during the customary post-policy presser in response to a question from the press. Addressing concerns about possible charges on digital paym ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
New Delhi, Sep 26: Prime Minister Narendra Modi will unveil on Saturday state-owned BSNL's 'Swadeshi' 4G stack, marking India's entry into a coveted league of nations such as Denmark, Sweden, South Korea, and China that produce and manufacture homegrown telecom equipment. This is a new era for the telecom sector, Communications Minister Jyotiraditya Scindia announced on Friday. Scindia said that over 97,500 mobile 4G towers will be commissioned by the PM at Jharsuguda, Odisha, on September 27. ...Read More >
New Delhi [India] September 16 (ANI): The Reserve Bank of India (RBI) has rolled out detailed regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs), to ensure safety, transparency and resilience in the fast-growing digital payments ecosystem. The central bank, in its notification titled "Guidelines on Regulation of Payment Aggregators and Payment Gateways", said that while PAs handle funds and therefore require direct regula ...Read More >
New Delhi [India] September 16 (ANI): The Reserve Bank of India (RBI) has rolled out detailed regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs), to ensure safety, transparency and resilience in the fast-growing digital payments ecosystem. The central bank, in its notification titled "Guidelines on Regulation of Payment Aggregators and Payment Gateways", said that while PAs handle funds and therefore require direct regula ...Read More >
MUMBAI: In a further boost to the raining IPO season, which has already seen over Rs 75,000 crore mopped up this year, Sebi has cleared the primary share sale plans of six companies. The companies that have received the Sebi nod are digital payments major Pine Labs, auto component maker Hero Motors, spices and ready to eat foods major Orkla India (the Norwegian company had snapped up Eastern Condiments and MTR Foods some time back), Emmwee Photovoltaic Power, Canara Robeco Asset Management Comp ...Read More >
Surat police and Anti-Human Trafficking Unit (AHTU) conducted a late-night raid in a hotel in Jahangirpura and busted a high-profile sex racket. 13 Thai women were rescued from the hotel and nine persons were arrested. Among the 9 arrested, five were customers and four hotel staff. As per a report by Times of India, the raid was based on a tip-off. The police reached the hotel on Saturday night and found the hotel door on the fourth floor was locked from inside. The police broke the door and e ...Read More >
New Delhi, 13 September 2025: The Centre for Development of Telematics (C-DOT) under the Ministry of Communications has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to strengthen the state-owned bank's IT infrastructure and fast-track its technology transformation journey. With technology continuing to outpace its impact on various sectors, ranging from digital payments, blockchains, and artificial intelligence to IoT and cloud solutions, this collaboration has the ...Read More >
VMPL Chennai (Tamil Nadu) [India], August 20: AssetPlus, India's leading digital platform for Mutual Fund Distributors (MFDs), today announced the launch of UPI AutoPay for Systematic Investment Plans (SIPs) through an integration with the Bombay Stock Exchange (BSE). This new capability allows investors to authorise recurring payments directly from their preferred UPI app, marking a significant leap towards faster, more convenient, and more transparent SIP mandate registration. For years, SIP ...Read More >
New Delhi [India], July 20 (ANI): India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country. It brings all your bank accounts together in one mob ...Read More >
New Delhi, July 18 (MExN): Ministry of Tribal Affairs (MoTA) and Coal India Ltd (CIL) has partnered for improving the quality of education given to the tribal students in the state of Chhattisgarh. CIL will support 68 Eklavya Model Residential Schools (EMRS) in Chhattisgarh under its Corporate Social Responsibility (CSR), which will be benefiting more than 28000 tribal students, stated a PIB update. Ministry of Tribal Affairs, Government of India establishes EMRS to impart quality education to ...Read More >
Chennai: Despite a 90 per cent mobile money account ownership rate, due to its large population India has the largest number of adults without accounts in the world, according to the World Bank. A large-population economy can have a high rate of account ownership and still be home to many people without accounts. For instance, both China and India have account ownership rates of nearly 90 percent, yet they are also home to the largest number of adults without accounts, the report said. The fiv ...Read More >
India's Unified Payments Interface (UPI), once a bold experiment in digital public infrastructure (DPI), is now emerging as a global payments powerhouse. In a landmark move, Prime Minister Narendra Modi launched UPI in Trinidad and Tobago, signaling India's growing ambition to expand its fintech footprint across the Global South and beyond. This marks a defining moment in UPI's international journey, as it accelerates toward becoming a competitor to traditional global payment giants. With trans ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
New Delhi [India], July 14 (ANI): Domestic mutual funds have increased their stake in Paytm to around 14 per cent, up from 13 per cent in January-March 2024-25, led by Motilal Oswal and Bandhan Mutual Funds, as per the April-June 2025-26 shareholding pattern. Insurance companies also raised their holdings by 1 per cent, taking total domestic institutional ownership from 14 per cent to 16 per cent quarter-on-quarter. Foreign portfolio investors (FPIs) also increased their overall stake during t ...Read More >
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