Surat, May 2 (IANS) In a gesture highlighting the use of public transport and digital payment systems, Gujarat Governor Acharya Devvrat travelled by a State Road Transport Corporation (ST) bus from Adajan bus stand in Surat to Jinod village in Olpad taluka on Saturday, amid prevailing high temperatures in the region. The Governor boarded a regular ST bus and undertook the journey like an ordinary passenger, setting aside protocol arrangements.During the trip, he purchased his ticket and pa…
Latest Digital Payments News & Updates
New Delhi, April 30 (IANS) India’s flagship digital payments platform, the Unified Payments Interface (UPI), has recorded an extraordinary nearly 12,000-fold surge in transaction volume over the past decade, the Ministry of Finance said on Thursday.Launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the regulatory supervision of the Reserve Bank of India (RBI), UPI has evolved into the backbone of India’s digital payments ecosystem.From a modest base of jus…
New Delhi, April 30 (IANS) PhonePe on Thursday announced that it has crossed the milestone of 700 million (70 crores) life-till-date registered users on its platform as on April 29, 2026.This milestone highlights PhonePe’s population-scale reach in India and the breadth of its digital platform offerings across payments and financial services distribution.It also reflects the company’s sustained growth, driven by increasing consumer trust, market-leading distribution network, and a continued …
Mumbai, April 21 (IANS) The Reserve Bank of India (RBI) on Tuesday issued consolidated guidelines for e-mandates in digital payments, mandating an additional factor of authentication (AFA) to enhance the security of recurring transactions. The new norms are applicable to all payment system providers and participants handling auto-debit payments across cards, prepaid payment instruments, and the Unified Payments Interface (UPI), covering both domestic and cross-border transactions. The directions…
New Delhi, April 18 (IANS) Prime Minister Narendra Modi on Saturday launched an acerbic attack on the Congress, accusing it of spreading misinformation on delimitation, adopting an “anti-reform” approach, and pursuing “negative politics” that harms national interest.He said the Congress is following a policy of divide and rule, which he alleged it inherited from the British, and is spreading misinformation that delimitation would adversely impact certain states.Addressing the nation a day after …
New Delhi, April 18 (IANS) Prime Minister Narendra Modi on Saturday said that despite the setback in Parliament, it is only a matter of time before obstacles to women’s rightful representation are removed, asserting that the government’s commitment to women’s empowerment will remain unwavering.Addressing the nation, PM Modi said the fight for reservation for women would continue until it is achieved, emphasising determination and continuity in efforts.He targeted the Congress and its allies,…
Washington, April 16 (IANS) The United States is pushing for global alignment on digital asset regulations, with India seen as a key partner in shaping future standards, according to participants at a policy discussion.The conversation, held under Chatham House Rules on Wednesday (local time), underscored that digital assets — by their nature — operate across borders, making international coordination essential to avoid regulatory fragmentation.Participants said Washington is increasingly focu…
New Delhi, April 13 (IANS) National Agriculture Market (e‑NAM) digital marketplace has integrated 1,656 mandis across the country and registered over 1.80 crore farmers, 2.73 lakh traders and 4,724 Farmer‑Producer Organisations, the government said on Monday.The platform has facilitated cumulative trade of 13.25 crore metric tonnes worth Rs. 4.84 lakh crore till March 2026 in 10 years, an official statement said.Further, the government provides financial assistance of up to Rs 75 lakh per ma…
New Delhi, April 10 (IANS) India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.Transactions rose gradually in the initial years — to 915 million in FY18 and…
New Delhi, April 9 (IANS) Looking to check cyber frauds and financial crimes, the Union Home Ministry’s Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry’s Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official s…