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
India’s UPI (Unified Payments Interface) transaction volumes in July 2026 rose 22% year-on-year to a record 23.66 billion. As per the data shared by the National Payments Corporation of India (NPCI), the total value of payments touched an all-time high of ₹29.88 lakh crore. The latest figures
The Central government might propose changes to the Payment and Settlement Systems Act, 2007, that could pave the way for Merchant Discount Rate (MDR) charges on UPI transactions. Recently, the Finance Minister Nirmala Sitharaman introduced the amendment Bill in Parliament, giving the government the authority
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
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
Indian travellers visiting the Seychelles may soon be able to make payments using UPI, following a new agreement signed between India and the island nation. The Memorandum of Understanding (MoU) was signed between NPCI International Payments Limited (NIPL), the international arm of the National Payments
India’s digital payments battlefield is heating up—and this time, it’s not just a skirmish. It’s shaping into a full-blown corporate faceoff. At the center of the clash are two entrenched giants: Google Pay and PhonePe. Together, they control nearly 80% of India’s UPI transaction volume—an
The National Payments Corporation of India (NPCI) rolled out its ‘UPI One World’ wallet service for international delegates attending the India AI Impact Summit 2026 in New Delhi. The initiative enables inbound foreign travellers from over 40 countries to make real-time Person-to-Merchant (P2M) digital payments across
BharatPe has stepped into the UPI-linked credit space with the launch of ‘Pay Later with BharatPe’, developed in partnership with YES Bank. Powered by the National Payments Corporation of India (NPCI), the offering marks a key expansion of BharatPe’s financial services portfolio, aimed at improving