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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
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
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
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
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
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…
RBI modifies framework for financial market infrastructure, retail payment system
"This document, by enhancing supervisory transparency and disclosure, would enable better regulator…
PTI
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
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
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…
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
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
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
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…