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.
Kolkata: Tech giant RS Software (India) Ltd, that had built the Unified Payments Interface (UPI) platform in 2015, is now working on a global payments integration platform to facilitate international trade flows. The company is also planning to invest over Rs 100 crore over the next five years to bolster the payments network system across the country.Raj Jain, CEO and MD of the company, said: "As UPI gains global recognition, govt has negotiated several bilateral agreements with different countr ...Read More >
New Delhi: India's tax administration has undergone a dramatic transformation over the past decade, with taxpayer refunds growing at nearly twice the pace of tax collections, sources from the Ministry of Finance told ANI. The data highlights significant gains in administrative efficiency. Between FY 2013-14 and FY 2024-25, refunds issued to taxpayers surged by 474%, rising from ₹83,008 crore to ₹4,76,743 crore. This increase far outpaces the 274% growth in gross direct tax collections during th ...Read More >
New Delhi, July 11 (UNI) A latest note titled 'Growing Retail Digital Payments: The Value of Interoperability' presented by International Monetary Fund (IMF) highlighted India as a global leader in making fastest payments which is due to the adoption of UPIs or Unified Payment Interface by a wide number of masses. This report is authored by Alexandar Copestake, Divya Kirti, and Maria Soledad Martinez Peria. The global economic watchdog also stressed the transition from cash to card-based transa ...Read More >
India pays digitally: 2025 marks the third year of the 'Har payment digital' initiative by Reserve Bank of India (RBI). Indeed, it is huge leap: India crossed 20 billion payments (approximating ₹250 trillion) through digital modes (Sanjay Malhotra, Governor, Reserve Bank of India, Mumbai, March 10, 2025). However, while there is no denying the convenience and time-saving brought in by the quantum leap in digital payments, do digital payments actually contribute to GDP growth? Are payments leadi ...Read More >
Kota: Chief minister Bhajan Lal Sharma and Lok Sabha Speaker Om Birla participated in a public grievance redressal camp organised under Pandit Deendayal Upadhyay Antyodaya Sanbal Pakhawda campaign at Maharav Bhimsingh Stadium in Sangod town of Kota district Monday.They launched the Suposhit Maa Abhiyan, dedicated to pregnant women weighing less than 50 kilograms who need additional nutrition and health services. Nutrition kits for 1,500 identified pregnant women will be distributed under the 'Su ...Read More >
NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience, a top official said on Monday."Fintech will drive financial inclusion, which in turn is a key driver of growth and poverty alleviation," M Nagaraju, secret ...Read More >
New Delhi, July 7 (SocialNews.XYZ) Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday. With the country's digital payments ecosystem rapidly maturing, its influence has begun to extend beyond national borders, reaching Glo ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. "India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative," Modi said, on X. The comments come following the completion of a decade of ambitious Digital India initiative, originally launched on Jul ...Read More >
NEW DELHI: Prime Minister Narendra Modi Tuesday said that the country has made several achievements in the digital payments system, led by collective efforts of all citizens. 'India has made many strides in digital payments, powered by the collective resolve of 140 crore Indians. Sectors like health and education have also benefited from this initiative,' Modi said on social media platform X. The comments come following the completion of a decade of the ambitious Digital India initiative, orig ...Read More >
Delhi/Hyderabad, June 28 (Maxim News): In a major step toward digital transformation, post offices across India will begin accepting digital payments at their service counters from August 2025, as part of a nationwide IT upgrade initiative. Here To Join Us On WhatsApp According to official sources, the Department of Posts is in the final stages of rolling out a new IT application that will enable dynamic QR code-based digital transactions, aligning postal services with India's fast-evolving di ...Read More >
Mumbai, February 7: In a major move to enhance digital security and combat financial fraud, Reserve Bank of India (RBI) Governor Sanjay Malhotra unveiled an exclusive ".bank.in" internet domain for Indian banks while announcing the Monetary Policy on Friday. The initiative aims to help customers distinguish legitimate banking websites from fraudulent ones. "The Reserve Bank shall implement the bank.in exclusive Internet domain for Indian banks," Malhotra said. The RBI has set April 2025 as the ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.