Payments

PhiCommerce to focus on payments infra for smaller banks, says co-founder

The fintech firm expects software-as-a-service products to contribute 40 per cent of revenue over the next 18 months as smaller banks seek greater control over payments, said co-founder Rajesh Londhe

Agent marketplace one of our large bets, says PayU CPO Manas Mishra

PayU is building AI-powered tools and agent marketplaces as it bets on agentic commerce and payments becoming the next frontier in digital transactions

Big change for reissued cards: New OTP limits, auto-payment & subscriptions rules

The Reserve Bank of India has eased rules on auto-debits, ensuring subscriptions, SIPs, and insurance payments continue even when your card is reissued. Here’s what has changed, and why it matters.

China uses West Asia conflict to advance yuan's global payments debut

Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises

Explained: New digital payments rules | UPI payment | Online payment | Card payment | RBI

India’s digital payments system will see tighter security from April 1, 2026, with the Reserve Bank of India (RBI) making two-factor authentication (2FA) compulsory for all transactions.

ToneTag secures $5 mn from Qualcomm Ventures to scale sound-based payments

ToneTag raised $5 million from Qualcomm Ventures to expand its AI-driven, sound-based payment technology globally, building on rapid scale and billions in monthly transaction value

Interest payments: The biggest silent drain on the Budget

In Budget 2026, Finance Minister Nirmala Sitharaman faces an uphill task as interest payments now take up nearly one-fourth of the Union Budget and more than one-third of government revenue.

Razorpay secures RBI's PA-CB licence to enable cross-border payments

Razorpay has received RBI's PA-CB licence, allowing Indian businesses to send and receive cross-border payments easily, supporting exporters and global firms

Indian engineers' median pay drops 40% in 2025, US salaries rise

Product and design professionals in India also saw median pay drop to $23,000, compared to $138,000 in the US, highlighting growing inequality in global tech salaries

Emirates NBD-RBL deal, credit revival, RBI warns of geopolitical risks to global payments & more

Emirates NBD to acquire 60% stake in RBL Bank UAE-based Emirates NBD will invest around $3 billion for up to a 60% stake in RBL Bank, the largest cross-border investment in an Indian private lender.

UK's Revolut to launch India payments platform, eyes 20 mn users by 2030

The UK-based fintech firm, which said last month it was exploring a US bank purchase and credit card launch at home, is betting on India as a key plank of its global expansion

Post offices across India to start accepting digital payments from August

Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions. However, due to recurring technical difficulties

PhonePe acquires GSPay IP to launch UPI payments for new feature phones

PhonePe on Friday said it has acquired the IP of GSPay -- a proprietary technology stack from conversational engagement platform Gupshup -- to enable UPI-based payments on new feature phones. The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters. The new app will offer essential UPI features such as peer-to-peer transfers, offline QR payments, and receiving money via mobile numbers or self-QR codes. Industry research indicates that there were over 24 crore feature phone users in India in 2024, and in the next five years, another 15 crore feature phone shipments are anticipated. PhonePe CEO Sameer Nigam said the acquisition will help bring millions of feature phone users into the digital payments ecosystem, a segment largely underserved so far.

UPI QR codes fastest-growing payment infrastructure in FY25, shows data

In FY25, the number of UPI QR codes saw 91.5 per cent year-on-year (Y-o-Y) growth to 657.9 million, while growth in credit card slowed down to 7.94 per cent Y-o-Y

From Amazon to Google: Global SaaS companies face fresh tax demands

Demands raised for FY22, FY23

Juspay establishes an entity in Singapore as part of APAC expansion

Juspay has a presence across markets such as India, United States of America (US), United Kingdom (UK), Brazil and Singapore. It has teams spanning 1,200 members across these regions

India pushes homegrown network to rival Visa, Mastercard in payments

Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India's digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector

PayU appoints new risk officer in a streak of new leaderships hires

Rao's appointment follows a streak of leadership changes at the payments technology company

Razorpay elevates Haria to role of CPO as it eyes Southeast Asia expansion

The appointment comes at a time when the company is planning to expand in Southeast Asia and focus on expanding Unified Payments Interface (UPI) and Razorpay POS

Fintech firms embrace AI for credit, payments, customer insights, more

AI models help financial institutions in understanding delinquencies and speed up disbursements