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
Apple Pay could launch in India later this year, with Apple reportedly preparing to enter the country’s growing digital payments market. According to sources, the company is in talks with financial institutions as it works towards a possible launch. Apple has not officially confirmed the
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 |
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
It’s Sunday. The sun has probably been up for a while. Birds have finished their morning meeting. The neighbours have probably watered their plants. I know none of this. Because my day officially begins only when my smartphone decides it should. The alarm plays the
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
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