Stay updated with the latest payment-system news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on payment-system topics.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A viral footage from 2018 has resurfaced online, showing CEO Brad Garlinghouse boldly declaring that Ripple was taking over SWIFT (Society for Worldwide Interbank Financial Telecommunications). At the time, the crypto payments company was still in its early growth phase, aggressively positioning itself as a faster and more cost-effective alternative to SWIFT. Today, Ripple has evo ...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." 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 >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is taking a major step toward bridging traditional finance and blockchain technology with the introduction of a new system designed specifically for corporate finance teams. The move signals a growing push to integrate digital assets into everyday business operations, allowing companies to manage payments, liquidity, and treasury functions within a unified framework. Rippl ...Read More >
Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
Indore (Madhya Pradesh) [India], April 3 (ANI): A major financial fraud involving Bharat Petroleum Corporation Limited (BPCL) has come to light, with allegations of cheating amounting to nearly Rs 129.55 crore by 1093 individuals across the country over the past few years. Of these, seven such individuals from Madhya Pradesh's Indore district are accused of cheating the company of approximately Rs 5.72 crore, and a case has been registered against them at Kshipra police station in the district. ...Read More >
India's Unified Payments Interface (UPI) has achieved a new milestone with record transaction volumes, solidifying its position as a leading digital payment system and expanding its global footprint. Key PointsUPI transactions in India hit a record 22.64 billion in March, showcasing the rapid adoption of digital payments.The volume of UPI transactions increased by 24% compared to the previous year, highlighting significant growth in usage.UPI now accounts for 85% of all digital transactions in ...Read More >
UPI hit a record 22.64 billion transactions in March 2026 worth 29.53 lakh crore rupees, driven by wider digital adoption, with security a key focus for regulators and firms India's real-time payments infrastructure recorded its highest-ever monthly activity in March 2026, underscoring the rapid expansion of digital transactions across the country. India's Unified Payments Interface (UPI), operated by the National Payments Corporation of India, processed 22.64 billion transactions during the m ...Read More >
New Delhi: Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." Also Read: India's economy puts up brave front as GST, auto sales and UPI payments surge despit ...Read More >
New Delhi [India], April 2 (ANI): Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." The department also encouraged users to continue supporting the growth o ...Read More >
New Delhi, Apr 1 (PTI) Two-factor authentication for all digital transactions, including popular UPI platform, becomes effective from Wednesday in line with the RBI's direction as a measure to curb fraud. Transactions will only be processed if the user completes both verification steps, meaning even if someone sees your PIN, unauthorised payments will not be able to go through. According to the Reserve Bank of India (RBI), all digital payment transactions in India are required to meet the norm ...Read More >
New Delhi, March 31 (SocialNews.XYZ) Road users across India will no longer be able to pay toll fees in cash from April 1 as the National Highways Authority of India (NHAI) shifts to a fully digital payment system. In a major step towards modernising highway travel, NHAI will implement a complete ban on cash payments at toll plazas across the country. From April 1, commuters will have to pay toll charges only through digital modes such as FASTag or UPI. The move is aimed at improving efficien ...Read More >
From April 1, 2026, RBI new rules for digital payments will change how Indians make online transactions. If you use UPI, cards or wallets, expect extra security checks. The Reserve Bank of India is making two-factor authentication mandatory, which means OTP alone will no longer be enough. Many users are searching for RBI digital payment rules April 1, what changes in UPI payments, and how this affects daily transactions. While the process may feel slightly longer, the goal is simple, make digit ...Read More >
New Delhi, Feb 16 (PTI) National Payments Corporation of India (NPCI) on Monday said that 'UPI One World' wallet services will be available for international visitors attending the ongoing five-day India AI Impact Summit. Through this pilot initiative, inbound foreign travellers will be able to make secure and real-time Person-to-Merchant (P2M) UPI payments during their visit to India. Visitors can use the wallet service without an Indian mobile number or bank account. "The 'UPI One World' wa ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
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: India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank of India Deputy Governor, T. Rabi Sankar, said on Friday. Stablecoins gained global prominence after the U.S. passed a law to create a regulatory framework for dollar-pegged cryptocurrency tokens, boosting their popularity and pushing the global market cap of such tokens above $300 billion. India has diverged from large global and ...Read More >
Mumbai: The Reserve Bank is reviewing frictions impacting timely credit of inward cross-border remittances to beneficiary accounts enhance overall efficiency in the cross-border payments ecosystem. "One of the issues pertains to delays in cross-border payments being most pronounced at the beneficiary stage," the Reserve Bank of India (RBI) said in its half-yearly Payments Systems Report. "In this context, the Reserve Bank has initiated a review of the frictions impacting timely credit of inward ...Read More >
MUMBAI: Geopolitical tensions pose a growing threat to cross-border payments, RBI said in its latest report on payments. The central bank warned that the global financial system's dependence on centralised infrastructure and a few dominant settlement currencies makes it vulnerable to international conflict and sanctions.According to RBI, sanctions or restrictions on financial systems or currencies can disrupt markets and limit access to essential financial services. Geopolitical tensions can als ...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 >
Chandigarh (Haryana) [India], October 16 (ANI): In a heartfelt tribute, both daughters of Haryana-cadre IPS officer Y. Puran Kumar performed the 'mukhagni' to his mortal remains during his last rites at the Sector 25 crematorium. The solemn ceremony was attended by Haryana DGP OP Singh, along with other dignitaries, honouring the legacy of the esteemed officer. Puran Kumar allegedly shot himself at his residence in Chandigarh on October 7. In the 'final note' he left behind, he accused eight ...Read More >
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of India (NPCI)'s claim of "stable system".In a statement, NPCI acknowledged initial challenges at both the central system and participating banks, which led to delays in clearing cheques, crediting customer accounts and a high volume of returns. It claimed that 1.49 crore cheques totalling Rs 8.5 lakh ...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 >
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: In a landmark move, from Saturday, India's cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change means that funds from cheques could reach your bank account within a few hours instead of the usual one to two business days. The Reserve Bank of India (RBI) had scheduled a trial run on Friday of the new cheque clearance system before the official rollout on October 4. Under the new regime, all cheq ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is taking another bold step toward mainstream finance by extending the reach of its Interledger Protocol into the SWIFT network, regarded as the backbone of global payments. By enabling interoperability between two of the most influential payment ecosystems, Ripple is positioning XRP as a key player in the future of international money movement. The strategy for mainstream ...Read More >
The banking regulator, through its internal investigation, found Simpl to be in violation of the Payments and Settlement Systems Act, 2007." The Reserve Bank of India (RBI) has asked Bengaluru-based fintech startup Simpl to halt all payment operations. In a letter dated September 25, a copy of which was reviewed by ET, the central bank stated: "The entity is directed to immediately stop the business of payment systems carried out by involving functions of payment, clearing, and settlement." Si ...Read More >
Mumbai: Cash withdrawals with smartphones are about to become easier and can be done virtually anywhere. Plans are underway to widen the reach of unified payments interface (UPI)-India's ubiquitous tool to move money, pay bills, and make online purchases-for taking out cash. Millions of individuals, non-profits, and grocers who act as 'business correspondents' (BCs) of high-street banks will have quick response, or QR codes that users can scan with any UPI app on their handsets to withdraw cash. ...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 >
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