India's digital economy, public infrastructure and security
A 0.4% MDR on merchant UPI payments above Rs 2,000 will touch only about 4% of transactions. Pine Labs says more than 65% of its UPI value sits above that line, and it plans 10 lakh more soundboxes.
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Transaction value reached ₹31.5 lakh crore, according to data from the National Payments Corporation of India
In October, UPI managed 25.47 billion transactions totaling Rs 31.53 lakh crore, averaging over Rs 1 lakh crore daily for the first time. This topped September's record, fueled by Diwali shopping, with daily volumes hitting 822 million transactions.
Reported by 2 outlets: BusinessLine.
A ₹50,000 unpaid credit card bill could grow to approximately ₹80,153 in 12 months at 3.5% monthly interest, including illustrative GST. Understand credit card interest calculations and why timely repayments matter.
The initiative is aimed at making international travel bookings easier for Indians by enabling them to use their preferred UPI applications for online payments at these destinations
Cross-border payments have long been on the BRICS agenda, though efforts to integrate members' financial infrastructure have made limited progress
The rebranded marketplace introduces new revenue opportunities for developers, but leaves key commercial details unanswered.
UPI person-to-merchant (P2M) transactions recorded a strong growth of 23.3% YoY during September, while credit card spending declined 5.9%
Other income declined 24 per cent y-o-y to Rs ₹259 crore against Rs ₹340 crore in the year ago quarter
Paytm could earn up to Rs 700 crore annually from UPI MDR, with gains potentially reaching Rs 900 crore by FY28. The company is also targeting UPI market share growth, lending expansion and AI services.
Fino Payments Bank posted a second consecutive quarter of loss in Q2 FY27, reporting a net loss of ₹20.9 Cr…
Reported by 2 outlets: BusinessLine.
SBI Card will introduce a 1% fee on eligible high-value fuel and transportation transactions from 1 December 2026. Check the ₹30,000 transport threshold, ₹50,000 fuel spending limit, applicable charges and steps cardholders should take.
Meesho plans to invest up to Rs 400 crore in its payments subsidiary and establish a separate lending company. Its board also approved additional investments in Kirana Club and Retail Pulse Labs.
