New Delhi, May 22 (IANS) India’s Unified Payments Interface (UPI) will become operational in Cyprus from next year, marking another major expansion of the country’s digital payments ecosystem in Europe, according to the Ministry of External Affairs (MEA) on Friday.Addressing a media briefing, Sibi George said the rollout of UPI in Cyprus was one of the key outcomes of discussions held during Prime Minister Narendra Modi’s official visit to the Mediterranean nation in June 2025.The launch f…
Latest Digital Payments News & Updates
New Delhi, May 19 (IANS) Global brokerage firm Citigroup has turned increasingly positive on Paytm, highlighting strong momentum across payments, merchant business, lending and profitability, citing ‘plenty of growth and margin drivers’ for the fintech major.In its latest report after hosting Paytm’s management at the Citi Pan Asia Conference 2026, the brokerage maintained a Buy rating on the company with a target price of Rs 1,380, implying meaningful upside from current levels.The broker…
New Delhi, May 12 (IANS) India’s rapid digital expansion outpaced its cybersecurity readiness, a report has said, citing a sharp rise in ransomware, phishing, data breaches and cyber espionage that pose risk to critical infrastructure, financial systems and ordinary citizens.The report from India Narrative identified a shortage of skilled cybersecurity professionals and urged universities and technical institutes to integrate cybersecurity into mainstream curricula and expand specialised trainin…
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…
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…