digital payments

New Delhi, March 5 A significant percentage of women in rural and semi-urban areas use UPI at least once a week, primarily for everyday payments such as groceries, utility bills, and mobile recharges, showcasing a growing shift towards digital payments, according to a report.According to the...

New Delhi, March 4 India's most valuable fintech firm, PhonePe, is aiming to list at a valuation between USD 9 billion and USD 10.5 billion (approximately INR 75,000 crore to INR 87,000 crore), as it expects to raise around USD 1.05 billion from the sale of shares, sources aware of the...

Jammu, March 3 Asserting that the Centre has extended full support to modernizing governance in Jammu and Kashmir, Union Minister Jitendra Singh said on Tuesday that the Union Territory has the potential to be a key player in India's 'Viksit Bharat' story and partner with the Centre in scripting...

The government has dismissed a message circulating on social media that claimed SBI users must install an APK file to update their Aadhaar, otherwise their SBI YONO app will be blocked. The Fact Check Unit of the Press Information Bureau (PIB) stated that the claim is false. It added that SBI...

Tel Aviv, February 26 – India and Israel announced on Thursday that they would deepen their digital and financial partnership by enabling the cross-border use of the Unified Payments Interface (UPI).This will connect UPI with Israel's domestic payment framework, making digital transactions...

New Delhi, February 26 The digital payments giant, PhonePe, has reported strong revenue growth and a sharp decrease in losses over the past three fiscal years, indicating a shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus (DRHP)...

February 26, New Delhi: The South Central Railway has launched the ‘Rail Parcel App’, a mobile application designed to provide faster, easier, and technology-driven parcel delivery services through Indian Railways.The service was officially launched in Hyderabad, which will be the first...

Thane, February 25 The Navi Mumbai Municipal Corporation (NMMC) has collected property tax amounting to ₹650 crore so far in the current financial year, recording a significant increase in digital payments, officials said on Wednesday.A total of 1,82,894 taxpayers have paid property tax, of...

In a significant step towards realizing the vision of a Digital India, the Jammu Railway Division of Northern Railways has enhanced its digital infrastructure, ensuring high-speed internet connectivity and seamless cashless transactions for passengers. Akashvani Jammu correspondent reports that...

Jammu, February 24 The Jammu division of the railway is expanding RailWire Wi-Fi to all major stations in its area and promoting cashless transactions across major railway stations, officials said.Under the direction of Divisional Railway Manager Vivek Kumar, passengers are being encouraged to...

New Delhi, February 23 The Delhi government is likely to launch the eBike-Didi scheme in the coming months as part of its initiatives to promote women empowerment and reduce air pollution in the national capital, officials said on Monday.A proposal for the e-Bike Didi scheme is under...

New Delhi, February 23 Merchant payments are emerging as the more attractive segment in India's digital payments ecosystem, with Paytm maintaining an edge in revenue intensity and profitability, according to a February 23 report by Bernstein.The brokerage said that merchant acquiring offers...

February 21, New Delhi — To develop a fully digital National Highway tolling ecosystem, the National Highways Authority of India (NHAI) is considering completely discontinuing cash transactions at National Highway fee plazas across the country from April 1, 2026. After implementation, all toll...

New Delhi, February 21 PhonePe launched an AI-powered natural language search feature on Saturday, built using Microsoft Foundry, allowing users to navigate, pay, and track transactions within the app using simple voice or text commands."This feature enables PhonePe users to initiate and...

New Delhi, February 19 Over the past decade, PhonePe has evolved from a pioneering UPI platform into what many consider a "fully diversified fintech platform".With over 65 crore registered users and a merchant acceptance network of more than 4.7 crore, spanning from major cities to remote...

New Delhi, February 19 In the face of increasing geopolitical tensions, there is a growing sense of urgency to direct all digital tools towards an inclusive approach, and India and France will jointly work to build a framework for artificial intelligence by combining innovation with...

New Delhi, February 19 India's digital payments ecosystem is moving beyond a focus on scale, with merchant payments emerging as the primary driver of revenue, accounting for nearly three-fourths of the industry's net revenue pool, according to Bernstein's latest sector analysis.The brokerage...

New Delhi, February 18 The National Payments Corporation of India (NPCI) announced on Wednesday its collaboration with NVIDIA to scale and advance its sovereign AI model capabilities, specifically designed for India's payments ecosystem.The initiative will support the evolving requirements of...

Lucknow, February 17 – The Multipurpose Primary Agricultural Cooperative Societies (M-PACS), launched to strengthen the cooperative banking network and enhance outreach to grassroots workers, are yielding wide-ranging results in Uttar Pradesh.According to an official statement, more than 2...

New Delhi, February 17 – Congress National President Mallikarjun Kharge on Tuesday alleged "complete chaos and poor management" at the India-AI Impact Summit, being held at Bharat Mandapam in New Delhi.He claimed that participants and organizers are facing numerous challenges, including a ban...