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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: 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' wallet is available ...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: Google Pay has been distributing personal loans on behalf of its lending partners for several years and has now expanded its product suite to include credit cards. However, while personal loans are a third-party product, the credit card launch is the first native product introduced by the payments giant, which aims to go beyond distribution and create a credit ecosystem on the platform. "We're not doing this simply because we have distribution power. If that was the case, I would have g ...Read More >
Mumbai (Maharashtra) [India], December 17 (ANI): India has emerged from economic stress and global disruptions with renewed strength, setting the stage for sustained long-term growth, Chairman, Jio Financial Services, KV Kamath said, crediting the Indian industry for rapidly repairing balance sheets and rebuilding confidence after the COVID-19 pandemic shock. Speaking at a leadership forum, titled 'Holistic Leadership for an Inclusive World' organised by Confederation of Indian Industry (CII) o ...Read More >
New Delhi, Dec 16 (UNI) Delhi Traffic Police announced that traffic challans will soon be payable through the Bharat Bill Payment System (BBPS) across all BBPS-enabled Unified Payments Interface (UPI) platforms, an official said on Tuesday. The move is aimed at promoting cashless transactions, ensuring transparency, and streamlining traffic enforcement mechanisms in the city, police said. According to a senior officer at Traffic Headquarters, the new system will allow commuters to pay their tr ...Read More >
Deputy commissioner of police (north) Raja Banthia said that the action was taken after a 31-year-old Sadar Bazar resident approached the cyber police, claiming he had been cheated of ₹36,050 on the pretext of being sanctioned an online loan. According to the police, the complainant, Mohammed Shuaib, was looking for a loan and had approached several banks when, on August 25, he received a WhatsApp call from an unknown number. The caller allegedly introduced himself as a loan agent and promised ...Read More >
State Bank of India (SBI) plans to double the users of its YONO digital to 20 crores as it seeks to transit more and more transactions at one tenth of branch banking costs, chairman CS Setty said. India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking. "We currently have about 9.60 crore customers using the YONO app and our ambition is to ...Read More >
New Delhi, Dec 16 (UNI) Delhi Traffic Police announced that traffic challans will soon be payable through the Bharat Bill Payment System (BBPS) across all BBPS-enabled Unified Payments Interface (UPI) platforms, an official said on Tuesday. The move is aimed at promoting cashless transactions, ensuring transparency, and streamlining traffic enforcement mechanisms in the city, police said. According to a senior officer at Traffic Headquarters, the new system will allow commuters to pay their tr ...Read More >
Hamirpur, (HP) Dec 16 (PTI) Himachal Road Transport Corporation (HRTC) has become the first state transport undertaking in the country to introduce the 'National Common Mobility Card' facility, Chief Minister Sukhvinder Singh said on Tuesday. Sukhu, while flagging off the Nadaun-Hamirpur-Ghumarwin-Delhi Volvo (luxury) bus service of the HRTC, said with this card, passengers can travel across the country, including in the Delhi Metro, Delhi Transport Corporation (DTC) buses, in Haryana Roadways ...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 >
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: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor managers across the country by March."This is not simply a mobile application," Setty said at the press conference. "We have rewritten the entire internet banking ...Read More >
According to the probe agency's final report, the group layered the flow of illicit funds through 111 shell companies, routing about Rs 1,000 crore via mule accounts The CBI has filed a chargesheet against 17 people, including four Chinese nationals, and 58 companies for their alleged roles in a transnational cyber fraud network that siphoned off over Rs 1,000 crore through a sprawling web of shell entities and digital scams, officials said on Sunday. After busting the racket in October, inves ...Read More >
Hyderabad, Dec 5 (Maxim News): The Bhavani Nagar Police on Friday arrested four men, including a receiver, in the Rs 40 lakh robbery case reported at Talabkatta on November 30. The police recovered cash of Rs 34.6 lakh along with mobile phones, two-wheelers and a knife used in the offence. Here To Join Us On WhatsApp Police said the key suspect, Mohd Zahid, a friend of the victim, Mohd Sultan had tipped off his associates after learning that the complainant had kept a large cash amount for a h ...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 >
Enforcement Directorate launched searches across Delhi-NCR and Jaipur Friday in a major money laundering probe linked to an over 80 kg cocaine seizure. The operation targets at least five locations as part of an investigation into a Rs 900 crore drug haul from last year. Hawala operators were previously arrested in connection with the party drug intended for Australia. The Enforcement Directorate on Friday conducted simultaneous searches in Delhi-NCR and Jaipur in a drug trafficking-linked mone ...Read More >
New Delhi, Nov 10 (PTI) NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Monday announced a partnership with BENEFIT, Bahrain's leading fintech and electronic financial transactions company, to enable real-time cross-border remittances between India and Bahrain. This linkage will connect India's Unified Payments Interface (UPI) with Bahrain's Electronic Fund Transfer System (EFTS), specifically, Fawri+ service, allowing u ...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 >
New Delhi, Oct 31 (SocialNews.XYZ) The spending through unified payments interface (UPI) during the festival period (Dussehra to Diwali) increased to Rs 17.8 lakh crore, up from Rs 15.1 lakh crore from the previous year, a report said on Friday. In September, UPI witnessed a seasonally unadjusted month-on-month (MoM) increase of 2.6 per cent in value terms, the report from Bank of Baroda said. The UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of Sept ...Read More >
New Delhi [India], October 31 (ANI): The official visit of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman to Bhutan has been cancelled due to bad weather conditions at Paro. The visit was earlier scheduled to take place from October 30 to November 2, 2025. Sitharaman was to lead the Indian delegation from the Department of Economic Affairs on the four-day official visit, aimed at strengthening economic and financial ties between India and Bhutan. According to the Ministry's s ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot pr ...Read More >
New Delhi [India], October 28 (ANI): The Delhi Metro Rail Corporation (DMRC) has taken a significant step forward in its consultancy activities by foraying into the port sector. A Memorandum of Understanding (MoU) was signed on Monday among DMRC, the Deendayal Port Authority (DPA), Umeandus Technology Private Limited, and BEML Limited to develop a Real Time Automated Cargo Evacuation System (e-FTS) for the DPA, based at Kandla, Gujarat. As per the MoU, the e-FTS shall be developed at a pilot pr ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi, October 27: Nothing, the UK-based smartphone brand, has started rolling out the Open Beta version of its latest OS, the Nothing OS 4.0 for its Phone 3a and Phone 3a Pro models. The new update introduces several new features, including Lock Glimpse, dynamic lock screen wallpapers, and more. As per multiple reports, the new beta version brings a visual upgrade along with upgraded camera modes. It also features updated lighter icons, lock screen clock options, and a structured About sec ...Read More >
Orkla India IPO GMP: Orkla India Ltd. IPO is a book build issue of Rs 1,667.54 crores. The issue is entirely an offer for sale of 2.28 crore shares of Rs 1,667.54 crore. Orkla India IPO price band is set at Rs 695.00 to Rs 730.00 per share. The lot size for an application is 20. Orkla India IPO GMP : The initial public offering ( IPO ) of Orkla India is set to open for subscription on October 29, 2025, and will close on October 31, 2025. The company has announced a price band of Rs 695 to Rs 73 ...Read More >
The Cyber Cell of the Delhi Police's Crime Branch has nabbed a 25-year-old man for allegedly siphoning off Rs 26.32 lakh from the bank account of his father over a period of four months, officials said on Sunday. The Cyber Cell of the Delhi Police's Crime Branch has nabbed a 25-year-old man for allegedly siphoning off Rs 26.32 lakh from the bank account of his father over a period of four months, officials said on Sunday. Following an extensive investigation led by Inspector Subhash Chandra an ...Read More >
The accused, identified as Aman, a resident of Hisar in Haryana, was apprehended after a midnight raid at his native village, PTI reported quoting a police officer after they traced a mobile number, which was registered in that location. A Class 12 dropout, Aman learned online fraud techniques from local cybercriminals and hid the trail of fraudulently acquired money by transferring them to multiple bank accounts. The accused admitted that he and his associates lured people through fake profil ...Read More >
New Delhi: A 25-year-old man was arrested on Saturday for duping his father of ₹26.32 lakh by creating a new UPI ID from the father's phone number and making multiple online purchases over four months, police said. According to police, the accused Shivam Sharma is a former corporate employee and is the victim's son from his second marriage. Sharma purportedly felt alienated after the man, 68, handed over his Azadpur Mandi parking business to his son from the first marriage. Deputy commissioner ...Read More >
New Delhi [India], October 27 (ANI): The Cyber Crime Police Station of Outer-North District, Delhi, received an online complaint in which the complainant stated that he had come across an Instagram account named "delhi_apple_store0" that claimed to sell Apple iPhones at discounted prices. The complainant contacted the account via Instagram Messenger and, believing it to be genuine, booked an iPhone 16 Pro for ₹100. Subsequently, the accused induced the complainant to make several additional pay ...Read More >
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