Payment Systems

Visa, a payment gateway provider, on Monday announced that Suresh Sethi has been appointed Group Country Manager for India and South Asia. In this role, Sethi will lead Visa's strategy and operations across India, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan, the company said in a statement. He succeeds Sandeep Ghosh, who is leaving Visa for other opportunities. Based in Mumbai, Sethi will report to Stephen Karpin, Regional President, Asia Pacific, Visa, it said. Most recently, Sethi served as MD and CEO of Protean e-Gov Technologies Ltd, where he led its transformation into an agile, product-led Digital Public Infrastructure (DPI) institution, it added.

NPCI is working on an SMS-less, silent device-binding process for UPI to improve security and onboarding, with rollout expected over the next 12-18 months

NPCI will use Nvidia's Nemotron open models to develop a sovereign, payments-focused AI foundation model aimed at enhancing trust, resilience and scalability across India's payments network

With thin margins in the UPI era, Indian fintechs are looking overseas, betting on cross-border payments, CBDCs, and new digital rails for sustainable growth

As fintech shifts to devices, AI, IoT, and on-device intelligence are transforming payments, lending, and fraud control, making devices central to the next phase of banking

Skydo's PA-CB-I licence enables it to process cross-border payments, specifically for facilitating inward transactions

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

The Bengaluru-based company is targeting US-based small and medium businesses (SMBs) as part of its expansion plan

Pine Labs shares listed at ₹242 per share on the NSE, opening with a 9.5 per cent premium over the issue price of ₹221

India expanded the reach of the Unified Payments Interface (UPI) on Monday by launching the facility at Lulu Group's stores in Qatar, following its rollout at duty-free outlets in Hamad International Airport here last month. Launching the facility at a Lulu store, Commerce and Industry Minister Piyush Goyal said it will help facilitate smoother and more cost-effective movement of capital between the two countries. Last month, NPCI International Payments Ltd (NIPL), in partnership with Qatar National Bank (QNB), introduced UPI at point-of-sale terminals across Qatar for merchants acquired by QNB. The rollout is part of a collaboration between NPCI International Payments Ltd (NIPL), Qatar National Bank (QNB), and Japanese payments gateway NETSTARS. He also encouraged other banks and institutions in Qatar to adopt UPI. "The launch of UPI and UPI transactions is not just a digital payment solution, but has the potential to revolutionise trade between Qatar and India. It's an opportuni

Fintech major PhonePe has secured the Reserve Bank of India's final approval to act as an online payment aggregator, expanding its reach to enterprises and merchants nationwide

Razorpay has integrated Apple Pay for cross-border transactions, enabling Indian merchants to tap global users with faster checkout and higher conversion rates

QR code, the little pixelated square, has changed how India pays or accesses information. Its applications are only limited by imagination

Index up from 465.33 in September 2024, reflecting rapid digital adoption and stronger payment infrastructure and performance across India

The credit business is expected to get an investment of $50-$60 million. PayU is considering another $60-$70 million infusion in payments infrastructure firm Mindgate Solutions

EximPe gains RBI's in-principle approval for a cross-border payment aggregator licence, plans to expand 10x by FY26 and enhance services for SMEs and B2B trade in Asia

NPCI builds Internet of Things rails as UPI targets 10x growth

After reaching a record high in May, UPI transactions dropped in volume and value in June 2025, with IMPS, FASTag and AePS data also showing month-on-month declines

For instance, this includes restricting a high number of repeat APIs for the same or older transactions

The deal will allow PayU to expand into the real-time payment processing market, including the Unified Payments Interface (UPI)