Digital Payment

Apple Pay is live in India: Here's how you can use it on your iPhone

Apple Pay has officially launched in India on eligible iPhones, iPads and Apple Watches, with Mac support expected soon. For now, only eligible Axis Bank Visa and Mastercard credit cards are supported

UPI MDR is not a tax, won't mean extra cost for customers: FM Sitharaman

Finance Minister Nirmala Sitharaman has said the charge on specified merchant transactions above ₹2,000 will be borne within the payments ecosystem, while UPI payments by customers will remain free

PhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months

PhonePe on Thursday announced plans to accelerate the expansion of its merchant network and take digital payment infrastructure deeper into India's towns and villages. As part of the expansion, PhonePe plans to hire more than 20,000 frontline sales personnel on its rolls over the next year. The company will also deploy more than 50 lakh payment devices over the next 12 months, including SmartSpeakers and POS devices with approximately 50 per cent of these devices in rural India, taking digital payment acceptance deeper into Tier 6 towns and rural geographies. The recently announced MDR framework allows the company to take a long view and invest in merchant expansion. Initiatives like a dedicated fund using 5 per cent of the MDR amount collected earmarked for small merchant expansion, are further catalysing these investments, especially in deep rural geographies including tier 6 towns and villages. The new labour codes introduced last year, are also enabling the company to hire faste

UPI’s new 0.4% fee: Who pays—you or the shopkeeper? | MDR | UPI charges

UPI will remain free for consumers, but certain merchants will pay a 0.4% merchant discount rate on transactions above ₹2,000 from October 15.

UPI without opening your app? How Tap & Pay changes payments at checkout

You can soon make UPI payments by simply tapping your phone at a payment terminal — even without mobile internet.

UPI sets new record at 24.51 bn transactions in Aug, value at ₹29.82 trn

Transaction volumes rose 3.6 per cent month-on-month and 22 per cent year-on-year, while average daily UPI transactions increased to 791 million

Small merchants built UPI's reach. Here's what government data shows

Small merchants have driven UPI's mass adoption. Here's why defining who qualifies as a small merchant matters as the government creates a framework for potential MDR

Offline UPI payments? UPI may soon work without the internet: How will it work?

India may soon enable offline UPI payments, allowing users to make transactions even without an internet connection on either their phone or the merchant's Point of Sale, or PoS device.

Visa says authentication must move beyond OTPs, launches Payment Passkey

Digital payment authentication must move beyond passwords and one-time passwords (OTPs) as artificial intelligence-driven commerce gathers pace, a top Visa official said on Thursday. "Authentication cannot remain dependent on passwords or one-time codes designed for an earlier digital era. It must become secured by design, invisible to the consumer, and resilient against increasingly sophisticated fraud," Suresh Sethi, group country manager for India and South Asia of Visa, said at a company event. The global payments major launched its 'Payment Passkey' solution in India on Thursday. The company said VPP enables consumers to authenticate online card payments using capabilities already built into their mobile devices, including fingerprint, facial recognition, device PIN or pattern, instead of relying solely on OTPs. This helps satisfy the two-factor authentication requirement applicable in India. Sethi said the solution is built on globally accepted FIDO standards and is designed

72% women entrepreneurs use UPI, but only 37% invest in tech tools: Study

UPI adoption is rising among women entrepreneurs, but their digital finance journey is also expanding into credit, investments and tech

Visa enables ChatGPT's AI agents to shop, complete purchases for users

Payments giant Visa said Wednesday that it has embedded its payment network inside of ChatGPT, empowering the chatbot to independently shop and complete transactions on behalf of its user. It means AI agents can not only recommend products but complete the purchase on the user's behalf, at potentially any merchant that accepts Visa. The payment network's previous attempts at this technological leap were confined to a single retailer or a small set of enrolled merchants. It is not OpenAI's first attempt at e-commerce. The company late last year announced Instant Checkout, which allowed ChatGPT to scour the internet for a specific item like a digital personal shopper. But the process was prone to errors and was not widely adopted by merchants due to the fee that OpenAI was charging merchants. The company retired Instant Checkout in March. Visa's collaboration is different from OpenAI's previous attempts, as it will allow users to link their Visa cards to ChatGPT to shop and make it ..

RBI weighs adding 'frictions' to digital payments to tackle online fraud

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

Real-time risk scores on cards for digital payments to track fraud

Move aims to track originators of money transfers via mule accounts

Safety mechanism: Digital payments need speed with security as fraud rises

The RBI's paper correctly identifies that the nature of fraud has changed. Most frauds today are authorised push payments, or APP frauds

RBI keeps repo rate unchanged; New curbs on digital payment frauds; RBI proposes scrapping IFR

RBI holds repo rate steady The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25%, maintaining a neutral stance.

UPI QRs grow 15% in 2025 as merchant adoption expands: Worldline report

Growth in QR codes and transaction volumes underscores rising merchant adoption and expanding digital payments ecosystem across India

Fintech firm MobiKwik to double down on payment devices business

MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities

BHIM targets 5% share to break into top five, challenge UPI duopoly

According to the latest data, BHIM currently holds a 0.86 per cent share of UPI transactions

Draft digital fraud compensation norm: Payout one-time, vigilance still key

Under the draft, an eligible victim will receive 85 per cent of the net loss amount, or ₹25,000, whichever is lower

Standing Committee flags MDR gap in UPI ecosystem, calls for revenue model

Parliamentary panel urges government to create a sustainable revenue model for the UPI ecosystem, warning that current incentives cover only a fraction of industry costs