India’s Unified Payment Interface (UPI) services are expanding globally with the launch of UPI services in Sri Lanka and Mauritius.  The virtual ceremony, to be witnessed by Indian Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe, and Mauritian Prime Minister Pravind Jugnauth, will also mark the launch of RuPay card services in Mauritius.  UPI, ...

Juspay, a prominent payments solution provider, is on its way to becoming a payment aggregator, just like RazorPay and PayU. First, let’s talk about Juspay’s beginnings.  Founded in 2012 by Vimal Kumar, Juspay has been a significant player in the digital payments arena. It’s not just another startup; it’s a company that has been innovating ...

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting is holding today on December 8, 2023. This meeting gives us an insight into the RBI’s plans for managing our economy, especially regarding inflation and growth. The MPC, led by RBI Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%. This ...

On Friday, Sri Lankan President Ranil Wickremesinghe and Indian Prime Minister Narendra Modi signed an agreement regarding Sri Lanka’s acceptance of the Unified Payments Interface (UPI). An agreement regarding Sri Lanka’s acceptance of the Unified Payments Interface (UPI) was signed on Friday by Prime Minister Narendra Modi and President Ranil Wickremesinghe. During his two-day trip ...

The UPI-PayNow integration (mobile-based fast payment systems linkage) is a significant milestone for cross-border payments between India and Singapore. Today, the Singaporean PayNow network and India’s Unified Payments Interface (UPI), which has enabled swift digital payments through apps like BharatPe and Paytm, were merged to speed up remittances between the two nations at a competitive ...

Indian Fintechs: India is taking some serious steps to ensure fintech players don’t overstep their boundaries. In a time when technological giants like Google and Facebook are trying to devour every other smaller player in the market, India is going to cap the percentage of transactions that a single player can keep in their kitty.  ...

In a much-needed relief for the Union Government, economic activities in the country are picking up pace in the post-pandemic recovery process. Key economic indicators such as GST collections, manufacturing activity and auto sales have shown signs of mild recovery in the month of September. In a major development, Goods & Service Tax (GST) collected ...