payment systems

New Delhi, April 2 Transactions through the Unified Payments Interface (UPI) reached a record high of 22.64 billion in terms of volume in March."UPI achieves 22.64 billion transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward. Let's...

New Delhi, April 1 Two-factor authentication for all digital transactions, including the popular UPI platform, will become effective from Wednesday, in line with the RBI's directive as a measure to curb fraud.Transactions will only be processed if the user completes both verification steps...

Mumbai, March 30 LIC announced on Monday that its offices across zones and divisions will remain open during normal working hours on Tuesday.This move is for customer convenience, as per the advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI), an official...

New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...

Mumbai, March 24 The Reserve Bank is developing more digital public infrastructure and payment intelligence platforms by leveraging artificial intelligence and application programming interfaces to enhance customer experience and strengthen the payment ecosystem, according to a senior central...

Mumbai, March 16 The Reserve Bank on Monday imposed a penalty of Rs 3.1 lakh on the payment aggregator Cashfree Payments India Private Ltd for non-compliance with its directions.The RBI found that Cashfree made certain "unauthorized deductions" from an escrow account, according to an official...

In Jammu and Kashmir, Chief Minister Omar Abdullah launched an online ticketing solution for garden entry across all gardens in Jammu and Kashmir today. Akashvani Jammu correspondent reports that this move represents a significant step towards promoting digital governance and enhancing visitor...

New Delhi, March 11 Fintech platform CRED announced on Wednesday that it has received final authorization from the Reserve Bank of India to operate as a payment aggregator.With this, CRED and its subsidiaries now hold two Reserve Bank of India (RBI) authorizations, including the Prepaid...

New Delhi, March 11 PhonePe has announced the launch of the PhonePe 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC).This launch is a step towards India's 'One Nation One Card' vision, aimed at digitizing transit payments across India.The PhonePe 'On-The-Go' Card is designed to...

Mumbai, March 6 The Reserve Bank of India on Friday issued draft amendment guidelines to strengthen the framework governing customer liability in digital transactions, as it seeks to widen protection for users and speed up the resolution of complaints related to fraudulent electronic banking...

February 26, Jerusalem – Prime Minister Narendra Modi held talks with the Prime Minister of Israel, Benjamin Netanyahu.The two leaders reviewed the significant progress made in the India-Israel Strategic Partnership and discussed further opportunities in various areas of cooperation, including...

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 22 The Reserve Bank of India has built a high-security data center in Odisha, strategically located far from potential cross-border threat zones and high-seismic-risk regions, as part of efforts to safeguard critical financial infrastructure and strengthen the continuity of...

New Delhi, February 16 UPI has emerged as the most preferred mode of transaction, surpassing cash transactions, and there is a need for targeted interventions to strengthen the use of RuPay debit cards, particularly in rural and semi-urban areas, a report said.The Department of Financial...

New Delhi, February 16 The National Payments Corporation of India (NPCI) said on Monday that 'UPI One World' wallet services will be available for international visitors attending the ongoing five-day India AI Impact Summit.Through this pilot initiative, inbound foreign travelers will be able...