News Paytm is developing an AI system that can help detect financial frauds Paytm is also building an AI software stack that will be available for use in other countries, along with India, the company's CEO informed... Sarvesh MathiAugust 23, 2023
News Delhi High Court Holds that Google Pay Is A Third-Party App On UPI, Not A Payment System The court's ruling came in response to two public litigations accusing Google Pay of violating India's payment systems and privacy regulations. Aarathi GanesanAugust 23, 2023
News New UPI features: Offline payments using NFC on UPI Lite, conversational payments using AI, and more Due to demands, RBI has proposed to increase the per transaction limit to Rs 500 while maintaining the Rs 2000 overall limit per wallet. Sarvesh MathiAugust 11, 2023
News Ant Group hands over its stake in Paytm to founder and CEO Vijay Shekhar Sharma By shifting ownership to India, Paytm could be aiming to protect itself from being scrutinized by the government. Kamya PandeyAugust 8, 2023
News PayPal is a “payment system operator” and must comply with money laundering law: Delhi High Court PayPal had earlier argued that it merely functions as an online payment gateway service provider to its customers providing a technological interface, and thus... Sarvesh MathiJuly 26, 2023
News Which countries will soon accept UPI payments and RuPay cards? Here’s the complete list (Update: Mauritius) Owing to the significant base of tourists from India, several countries are looking to enable UPI payments and RuPay cards Sarvesh MathiJuly 24, 2023
News Summary: RBI’s draft cybersecurity norms for payment system operators (PSOs) and digital payments Reserve Bank of India (RBI) has released draft cybersecurity directions for digital payments and PSOs outlining baseline security measures. Sarvesh MathiJune 5, 2023
News Nobody in the Finance Ministry knows how much was spent to promote UPI, Rupay? MediaNama filed an RTI asking about the Finance Ministry's expenditure on the promotion of UPI and RuPay which was forwarded to RBI, but to... Sarvesh MathiMay 11, 2023
News HDFC to charge merchants 1.2% fee for wallet-based UPI payments The fees will only apply to prepaid payment instruments such as wallets, gift cards, vouchers, etc and not regular UPI payments made directly from... Sarvesh MathiMay 4, 2023
News PhonePe launches UPI Lite feature, joining BHIM and Paytm PhonePe announced that it now supports the UPI Lite feature, which allows users to make payments under Rs 200 from an on-device wallet Sarvesh MathiMay 3, 2023