The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed ...

Before 2022, merchants had to pay a nominal fee, called the merchant discount rate (MDR), to banks for processing UPI and ...

The government may introduce a tiered pricing system for UPI transactions, where larger merchants would incur higher charges, ...

The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this ...

The government is reportedly considering reintroducing merchant discount rate (MDR) on Unified Payments Interface (UPI) and ...

Unified Payments Interface (UPI) demonstrates transformative potential for global adoption, with 17 billion transactions in ...

The RBI will also continue its engagement in a multilateral project called Project Nexus, to enable instant cross-border ...

India has voiced its willingness to share with the world its experiences of using digital public infrastructure to bridge the ...

RBI Governor emphasizes need for expanding digital payments in India, focusing on awareness, efficiency, and innovation for ...

RBI governor Sanjay Malhotra has said that the central bank is working to make cross-border payments “more efficient”.

The meeting was attended by the new RBI Governor and senior officials of the apex bank. Senior executives from the payments, ...

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency ...