Payments News

Third-party point-of-sale operators will need to obtain a license to continue their operations while banks and NBFCs would not be hit much. The framework aims to ensure fairness in operations and establish a level playing field between online and offline payment operators.

Digital payments in India face common challenges leading to online payment failures. Factors include maintenance outages, errors in payment information, security alerts, misconfigurations, and cybersecurity threats

Vijay Shekhar Sharma, the founder and CEO of Paytm has resigned from his position as part-time non-executive chairman of Paytm Payments Bank Limited (PPBL) amid RBI's clampdown on the fintech firm over compliance issues.

UPI is now available in the UAE. India’s flagship digital payments platform - UPI or unified payments interface can now be used by UAE residents to send and receive money. This will make the lives of 3.5 million Indians living and working in the UAE better by leaps and bounds.

The road ahead for Paytm could be paved with difficulty, as after the 29th of February, the restrictions imposed by RBI will come into effect. As per a Money Control report, Paytm's recent efforts to seek some concessions from the RBI have also failed. What could Paytm do in such a scenario? Watch the full video to find out.

RBI’s restrictions on Paytm Payments Bank have raised a storm. Its stock has hit lower circuits for three consecutive days including on Monday despite Vijay Shekhar Sharma’s efforts to douse the fire. He tweeted to thank users and supporters. And said, the company is working towards implementing RBI instructions. But why did RBI come down on Paytm? What got Paytm under RBI’s scanner in the first place? Watch the full video to find out.

UPI transactions in India surged to 9.3 billion in June 2023, driven by P2M transactions, which now account for 57.5% of all UPI transactions. This remarkable growth is expected to continue, with UPI maintaining its dominance in the Indian payment landscape.

It's crucial to be ready in case you need to initiate a UPI transaction reversal. Prompt action is essential when it comes to reversing UPI transactions.

Now users can get a pre-approved credit line enabled with their UPI account. This means they can make payment via QR-code enabled payment interface even when their bank balance falls short

We've grown accustomed to using UPI payments in a wide range of places, including grocery stores, restaurants, and petrol pumps. However, this convenience relies on having a reliable service network. The recent advancement now enables you to perform UPI payments even when offline.