Digital Payments

The payments major is expanding into cybersecurity, analytics, AI and loyalty services as it seeks new growth avenues beyond its traditional payments network business

Never scan any QR code to receive money and don't install apps from random links

Bharat Bluff is filled with first-person accounts of scams that allow readers to comprehend the gravity of India's scam economy beyond data

Indian travellers can use UPI apps at over 4.5 million merchant outlets in Cambodia, while Cambodian visitors will gain access to UPI-enabled payments in India in the next phase

India's digital payments revolution is accelerating, but cash continues to grow as households and businesses use currency for savings, reserves and informal activity

UPI transactions touched a record ₹29.90 trillion in May while volumes rose to an all-time high of 23.20 billion, underscoring the continued expansion of India's digital payments ecosystem.

Despite rapid growth in digital payments, RBI's survey found that households and small retailers continue to prefer cash, while currency in circulation rose strongly in FY26

Central bank is exploring transaction delays, broader customer controls and a kill switch mechanism as digital payment frauds continue to rise in value

Payments Council of India has engaged independent consultants to draft framework to be submitted to RBI

Employment in India's unincorporated non-agricultural sector reached a record 151.7 million in the March quarter, led by strong rural and services-sector growth

In absolute terms, CiC expanded by Rs 1.15 trillion during the first one and a half months of FY27, indicating sustained demand for cash despite continued growth in digital payments

The Reserve Bank of India said stablecoins fail key tests of money and warned that such virtual digital assets pose financial stability and jurisdictional risks

But they seek increase in threshold to ₹25,000; payment industry flags operational issues

Walmart-owned PhonePe says its AI-powered integration layer can reduce merchant onboarding timelines from weeks to minutes, especially for small businesses

A time-bound, tiered MDR on large commercial UPI merchants, with small merchants and individuals permanently exempted, is in order, and so is revenue allocated to strengthen infra & rural expansion

PhonePe has crossed 700 million users, underscoring rapid growth in India's digital payments ecosystem, even as the fintech firm pauses its IPO plans amid market volatility

Non-banking financial companies seek access to RBI's central fraud registry, arguing that limited access raises fraud risks as lending partnerships with banks deepen

PayU bets on UPI innovation, AI-led commerce and merchant solutions to drive next phase of growth as India's digital payments market evolves

Razorpay has integrated Google Pay for cross-border transactions, allowing Indian exporters to offer wallet-based checkout and improve payment success in global e-commerce

EPFO to enable UPI-based PF withdrawals by May-end under CITES 2.0 upgrade, promising faster access but requiring a brief system shutdown during migration