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3 mins read

Rise seen in financial inclusion index, jobs in the country, notes RBI

Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…

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1 min read

A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments

A Russian company will reportedly barter with Pakistan as the Kremlin struggles to make payments ac…

Kelly Cloonan   


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1 min read

Paytm shares jump 5% on receiving government's nod for investment in Paytm Payments Services

The company will reapply for a payment aggregator (PA) licence, a regulatory filing said on Wednesd…

PTI   


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2 mins read

My company is like my daughter... it was an emotional setback: Paytm founder Vijay Shekhar Sharma

Speaking at the 7th JIIF Foundation day, Sharma was asked about Reserve Bank of India (RBI's) actio…

PTI   


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2 mins read

Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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2 mins read

GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you

At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…

Business Insider Latest Story Image
4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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2 mins read

China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned

Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.

Huileng Tan   


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2 mins read

Mumbai woman loses Rs 6 lakh to cyber fraud while trying to save Rs 5,000 — here’s how to avoid such scams

What started as a simple attempt to withdraw Rs 5,000 from an ATM ended with her losing Rs 6 lakh t…

Business Insider Latest Story Image
4 mins read

India to introduce UPI payment service in Maldives

"Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Minist…

PTI   


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1 min read

Paytm shares climb over 3% on receiving govt's nod for investment in Paytm Payments Services

The stock went up by 3.05 per cent to settle at Rs 554.45 on the BSE. During the day, it climbed 5 …

PTI   


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2 mins read

You can let your family members use your UPI account for payments, RBI introduces delegate payments

The Reserve Bank of India announced a new feature called delegated payments, enabling users to auth…

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2 mins read

Russia is turning to crypto as sanctions snarl payments, report says

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …

Filip De Mott   


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2 mins read

Daily digital transactions in India via UPI equivalent to population of EU, highlights PM Modi

In the first 20 days of August alone, India recorded a staggering 9,840.14 million UPI transactions…

ANI   


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2 mins read

BSE denies tech glitch on June 4; lag in payment receipt from banks led to delayed mutual fund NAV

Several investors purchased their mutual funds before the cut-off time, although they were assi…

PTI   


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2 mins read

NPCI International to support Namibia develop instant payment system like UPI

A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limit…

ANI   


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5 mins read

Countries from Russia to China are building payments systems that could threaten the dollar's global dominance

Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…

Huileng Tan   


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2 mins read

ED questions Paytm executives, gets documents on latest RBI action

The Enforcement Directorate has questioned senior Paytm executives and taken submission of documen…

PTI   


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2 mins read

Paytm shares jump 5%, hit upper circuit limit

Shares of One97 Communications Ltd, which owns and operates Paytm, on Friday, jumped 5 per cent af…

PTI   


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1 min read

Russia's largest bank says it has no problems transacting with India

Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.

Huileng Tan