The Unified Payments Interface (UPI) has solidified its position as India's go-to digital payment platform, witnessing a staggering surge in both transaction volume and value in 2023. Interestingly, the number of UPI transactions surpassed the 100 billion mark by...

India has seen a digital boom in the last five years, especially after Covid-19 Pandemic. The number of people going online, shopping, and making online payments through UPI, Wallets, or their credit/debit cards has surged dramatically in recent years....

The adoption of UPI-based payments in India has dramatically increased since its launch in 2016. It is currently the fastest-growing mobile payment system in the world. Surprisingly, after a stellar performance in 2022, the country saw a notable drop in...

Following the introduction of a 30% tax rate by the Government in the Union Budget 2002-23, cryptocurrency sales transactions will attract an additional tax deducted at source (TDS) of 1%, starting July 1, 2022. The TDS deductibility will apply to...

The exploded adoption of UPI (Unified Payment Interface) has encouraged the RBI (Reserve Bank of India) to make UPI payments more appealing to users. In a significant shift in the way it operates, RBI has announced going further...

The number of UPI transactions surpassed the 5 billion mark for the first time in March 2022, two days ahead of the month-end. According to the National Payments Corporation of India (NPCI) tweet, the transactions through the Unified Payments Interface...

Many believe that payment links via SMS or WhatsApp are a matter of the past as UPI, mobile wallets and Banking apps are fast taking over with the exploded adoption of smartphones and apps. The recent data related to...

Paytm's digital banking offering aka Paytm Payments Bank or PPB is all set to make their customers’ lives a whole lot easier. According to the latest media report, PPB is planing to facilitate cross-broader and domestic remittances soon. This newly...

The Reserve Bank of India has decided to push the deadline for implementing new rules on recurring transactions by another six months! Prior to this announcement, India's apex bank said that the new rules would kick in starting April 1...

For the last few months, the growth in the number of UPI transactions has been below expectations. Industry experts expected the surge after the holiday season, but February remains no different, both in terms of UPI transactions volume and...