Even during the harsh winters, when snow blankets the Valley and movement becomes difficult, the cashless economy remains active. Mobile phones, charged and ready, serve as virtual wallets. For many, ...

Last month, the Union Cabinet approved an incentive scheme for UPI transactions for FY25, where it estimated an outlay of ₹1,500 crore for incentivizing low-value peer-to-merchant (P2M) UPI ...

For how much longer can the government foot the bill? The assumption is, another revenue stream would enable banks and fintech firms to innovate.

Today’s jump in shares came after the company announced that it partnered with the Greater Hyderabad Municipal Corporation ...

Many UPI users faced inconvenience after their payment was stuck while performing online transactions on PhonePe, Google Pay, Paytm or other mobile payment services applications. As several people ...

UPI Services Down in India: A significant technical issue disrupted Unified Payments Interface (UPI) services across India on Wednesday evening, leaving users unable to process digital transactions.

Users across India are experiencing disruptions in UPI transactions, with payment failures reported on Google Pay, Paytm, and various banking apps. According to Downdetector, outage reports spiked ...

Popular platforms like PhonePe and Paytm stopped working, leaving many unable to complete payments. Trending Photos A major disruption hit digital payments in India as users faced issues with UPI ...

Introduction of MDR on UPI merchant transactions has been a long pending demand of the fintech and broader payments industry which said that a zero MDR regime would render the system unsustainable.

Citi suggests that this move could pave the way for the introduction of Merchant Discount Rate (MDR) on large-ticket transactions, a development that may work in favor of fintech players like Paytm.

By FY27E, Paytm is projected to return to profitability, with an estimated profit after tax (PAT) of INR 12.1 billion. Recent media reports suggest that the introduction of a Merchant Discount Rate ...