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1 min read

Down payments are plunging in 10 places, giving homebuyers another affordability win

The median value paid up-front for a US house fell to $30,300 in the third quarter, $2,400 lower th…

James Faris   


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SEBI abolishes 1% security deposit requirements in public issues, to be effective immediately

India's market regulator, SEBI, has removed the mandatory 1% security deposit requirement for compa…

PTI   


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1 min read

EPFO to ensure UAN activation for employees through Aadhaar-based OTP

The Ministry of Labour and Employment has instructed the EPFO to ensure all employees activate thei…

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2 mins read

Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions

Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …

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2 mins read

UPI transactions volume rises 52% to 78.97 billion in Jan-Jun: Report

This growth in volume was matched by an increase in transaction value, which climbed from Rs 12.98 …

PTI   


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3 mins read

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…

Ayelet Sheffey   


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4 mins read

This tiny country says it will give $500 to every adult as an Exxon oil boom supercharges its economy

Guyana, the world's fastest-growing economy after a huge Exxon discovery, is tapping its oil wealth…

Theron Mohamed   


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Zoho launches Zoho Payments, a payment gateway and aggregator

Zoho Payments as a payment aggregator has been registered as a Bharat Bill Payment Operating Unit (…

PTI   


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16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

16 million credit cards purchased in FY 2023-24, UPI payments up by 42%: PwC report

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2 mins read

UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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2 mins read

Digital payments in India to grow threefold—from 159 billion in FY24 to 481 billion by FY29: PwC

In terms of transaction value, the market is expected to nearly double during this period, expandin…

ANI   


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EPS Pensioners to get pension from any bank, any branch, anywhere in India from January 1, announces Mansukh Mandaviya

The CPPS is expected to benefit over 7.8 million EPS pensioners of EPFO. By leveraging advanced IT …

ANI   


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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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Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official

The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…

PTI   


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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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Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey

Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …

PTI   


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1 min read

A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck

Under the hood, Finix underwrites all new merchants, which involves a dozen or two different compli…

Bianca Chan   


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Over 40% consumers use digital payment every day in Tier 3-6 cities: Report

According to the report, nearly half of the merchants who are not using digital payments in r…

PTI   


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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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4 mins read

I'm 30 and bought my first home for $375,000 this year. I have a partner but wanted to buy it on my own.

Ayriel Von Schert didn't want to wait until marriage to start building wealth with real estate. She…

Alcynna Lloyd