Digital Payment

Budget stays silent on MDR, industry to pursue bid in coming months

Paytm on Friday issued a clarification to stock exchanges to address recent market speculation, stating that any potential impact from the conclusion of the RBI's Payment Infrastructure Development Fund (PIDF) scheme is expected to be significantly offset over time through higher revenues and more targeted sales efforts. In a filing with the National Stock Exchange (NSE) and BSE, One 97 Communications Ltd said it has revenues recognised as incentives from the programme, linked to qualifying expenditure incurred towards the deployment of payment acceptance devices such as Soundboxes and EDC machines. Addressing the scenario directly where the scheme is not extended, the company said it expects to "meaningfully offset the impact over time through a combination of stronger revenue growth and more focused, targeted sales execution". The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the .

The NPCI-run BHIM Payments App recorded strong growth in CY25, with monthly transactions rising over four-fold, driven by higher adoption, growth in small-ticket payments and rising trust in user

With this service, customers can save their credit and debit cards to the Apple Wallet

India is trying to expand the global reach of its homegrown digital payment system UPI to a larger number of countries, especially in East Asia, Financial Services Secretary M Nagaraju said on Tuesday. Unified Payment Interface (UPI) is currently accepted in eight countries -- Bhutan, Singapore, Qatar, Mauritius, Nepal, the UAE, Sri Lanka and France. The acceptability of India's digital payment network overseas enables Indian tourists to make UPI payments for transactions abroad. Speaking at the Global Inclusive Finance India Summit here, Nagaraju said India is about 50 per cent in terms of digital transactions thanks to UPI. "Now we have expanded to some countries. We are trying to expand. To a large number of countries, especially we are focussing in East Asia now," he said. The secretary in the Department of Financial Services (DFS) said UPI transactions crossed more than 21 billion in December 2025, and the success of UPI and digital transactions could also be attributed to ...

"The board was also briefed on the major findings of the RBI's recently conducted Survey on Digital Payments," the central bank said

India's UPI processed a record 21.63 billion transactions worth ₹27.97 trillion in December, helping the platform close 2025 with its strongest-ever annual volumes and values

NPCI approved 13 third-party UPI apps in 2025, with five limited to closed user groups, as tighter due diligence and new safety controls followed an April system outage, sources said

NTSL will not be a section 8 company which is similar to the other three subsidiary structures that NPCI currently has

India is talking to about eight countries, including those in East Asia, to make UPI payments acceptable, Financial Services Secretary M Nagaraju said on Friday. Unified Payment Interface (UPI) is currently accepted in eight countries -- Bhutan, Singapore, Qatar, Mauritius, Nepal, UAE, Sri Lanka and France. Acceptability of India's digital payment network overseas enables Indian tourists to make UPI payments for transactions abroad. "We are now talking to about 7-8 countries, including many in East Asia, to have UPI transactions," Nagaraju said at a conference on Harnessing AI and digital public infrastructure for Viksit Bharat. Nagaraju also said that India is including a track on UPI in some of the trade negotiations with countries. "Some of the trade negotiations we are doing with some of the countries now, we are trying to have a track on UPI so that the fintech industry which is deeply involved in UPI also have a foot in the financial sector where we have the cost, scale ...

It will be a dedicated intelligence infra company that will enable real-time intel sharing among banks and other financial-sector participants to strengthen customer protection against digital frauds

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

Digital payment transactions accounted for 99.7 per cent in terms of volume and 97.5 per cent in value in the payments system during calendar year 2024, and the trend continued in the first half of 2025, according to a Reserve Bank report released on Thursday. The payments ecosystem in India has witnessed remarkable growth in recent years, said the RBI's half-yearly Payment System Report, June 2025. The payments landscape in India consists of a bouquet of payment systems designed to cater to the diverse needs of users, which include paper-based instruments (cheques) as well as digital payment systems. Digital payment systems include NEFT, IMPS, RTGS, NACH, debit and credit cards, prepaid payment instruments, and UPI. The report also showed an increasing trend across all categories, except for paper-based instruments. Cheques account for 2.3 per cent of the total transactions in terms of value. In terms of volume, the payment transactions grew from 3,248 crore in CY 2019 to 20,849

Govt plans to introduce biometric authentication for UPI payments, but what exactly is a digital payment system and why is it important for the Indian economy?

The Unified Payments Interface remains the primary entry method, while credit instruments like credit cards and 'buy now, pay later' are increasingly favoured for high-value transactions

Transaction volumes have increased by 37 per cent to 206 billion, while value has jumped 30 per cent to Rs 299.9 trillion from FY24 to FY25

PayPay has played a role in encouraging Japanese consumers to move away from a long-standing preference for cash by offering rebates on payments through its mobile app

Gen AI and Agentic AI are expected to significantly impact the country's payments landscape, where digital payments are growing at a rapid pace, according to a survey released on Wednesday. Leading consultancy PwC India's report titled 'The Indian Payments Handbook: 2025-30' said that while UPI remains central, the next wave of transformation in the fintech and payments space will be spearheaded by credit cards, followed by BBPS (Bharat Bill Payment System). The report, based on a survey of over 175 senior leaders in the fintech and payments sector, showed that 65 per cent ranked credit cards as the top growth segment, with over 90 per cent believing in their promising growth potential. "The influence of AI is another dominant theme, as 73 per cent of respondents expect Gen AI and Agentic AI to significantly impact the payments landscape," it said. PwC India's report further said digital payments in India are expected to continue their rapid growth trajectory, with overall transact

Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar

India is becoming an innovator and a leader globally, PayPal CEO says