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UPI transactions drop in March, RTGS shoots up due to lockdown

The NPCI data on IMPS (Immediate Payment Service) revealed the number of transactions fell to 21.6…

PTI   


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2 mins read

RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Report

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards…

ANI   


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Coinbase now lets crypto buyers use Apple Pay - and they can cash out up to $100,000 at a time

US customers who have a Visa or Mastercard linked to their Apple wallet will be able to make paymen…

Shalini Nagarajan   


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Brazil's central bank killed WhatsApp's new payment system a week after it launched

A source familiar with the matter told Bloomberg the central bank's announcement took WhatsApp by s…

Isobel Asher Hamilton   


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UPI transactions worth ₹18.2 lakh crore made in February 2024

Payments through digital means in India are hitting fresh highs, as its citizens are increasingly a…

ANI   


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PayU India becomes first non-bank entity to get Bharat Bill Payment Unit license

BBPS is an integrated bill payment system in India, offering inter-operable and accessible bill pay…

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RBI modifies framework for financial market infrastructure, retail payment system

"This document, by enhancing supervisory transparency and disclosure, would enable better regulator…

PTI   


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The Facebook executive who helmed the social media company's Novi cryptocurrency project is departing

David Marcus led the creation of Novi, the company's digital wallet, and co-created Diem, the compa…

Isabelle Lee   


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RBI asks card network to restrain unauthorised commercial payment system

The Reserve Bank of India on Thursday restrained a card network, that had an arrangement to enable …

ANI   


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One in two Indians face extortion and data misuse thanks to instant loan apps

More than one in two Indian consumers who use instant loan apps are facing very high interest charg…

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India's UPI service now available in Sri Lanka and Mauritius

India's instant payment technology Unified Payment Interface (UPI) services were launched in Sri La…

ANI   


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Here's Another Big Reason Oracle Made That $5.3 Billion Acquisition

Jason Oxman, CEO of industry group the Electronic Transactions Association, agrees that for Oracle,…

Keith Griffith   


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2 mins read

Fed Governor Waller is 'highly skeptical' that the Fed needs to create a central bank digital currency

Waller doesn't see how a Fed CBDC would solve any major problems in the US payment system such as s…

Carla Mozée   


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The RBI's new guidelines will allow you to transfer funds between different mobile wallets

The quick and seamless transfer between mobile wallets will make them a natural substitute for b…