Amid an Opposition walkout, the Rajya Sabha on August 10, passed the Bankers’ Books Evidence Bill and returned the Taxation and Other Laws (Amendment) Bill to the Lok Sabha. A key issue during the debate was the proposed change linked to digital payments. Opposition parties
The Lok Sabha has passed legislation that gives the Centre the power to allow banks and payment service providers to levy charges on Unified Payments Interface (UPI) transactions. The Taxation and Other Laws (Amendment) Bill, 2026, passed by voice vote on August 6, amends the
The Union government is considering introducing merchant charges on certain Unified Payments Interface (UPI) transactions, according to verified sources. If approved, the proposal would apply only to merchant payments and would not affect person-to-person (P2P) UPI transfers, which will continue to remain free. Read More |
Google has introduced Ask Google Pay, a new AI-powered financial assistant integrated into the Google Pay app. Built on the company’s Gemini AI models, the feature is designed to help users better understand their spending habits, answer finance-related questions in plain language, and provide personalised
Smaller UPI apps have asked the National Payments Corporation of India (NPCI) to review its proposed UPI Meta framework, saying it could give bigger players like PhonePe and Google Pay an even stronger advantage, according to a Moneycontrol report. The report said a group of
India could soon make UPI payments possible even when both the customer and merchant are offline. The National Payments Corporation of India (NPCI) is working on a new tap-and-pay feature that would allow users to make payments at merchant point-of-sale (PoS) terminals without an active
Spain could soon become another destination where Indian travellers can use the Unified Payments Interface (UPI) for everyday payments. India and Spain have started discussions on linking UPI with Bizum, Spain’s popular digital payment platform, in a move that could make it easier for Indian
Haryana is preparing to bring artificial intelligence (AI) and financial technology (FinTech) into government schools as part of a broader effort to equip students with future-ready skills. The move is aimed at strengthening digital education, expanding vocational learning and aligning school education with the changing
PhonePe has appointed long-time engineering leader Srijon Biswas as its new Chief Technology Officer (CTO), reinforcing its technology leadership as the company continues to expand its digital payments. Biswas, who has been with PhonePe for several years, has led engineering across multiple teams and played
India’s Unified Payments Interface (UPI) has expanded its international footprint with the launch of a new remittance service in Greece through Eurobank. The initiative is part of Eurobank’s strategic collaboration with NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of