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Fintech and banking professionals reviewing UPI transaction and merchant payment data as payment aggregators negotiate a larger share of the new MDR.
Fintech and banking professionals reviewing UPI transaction and merchant payment data as payment aggregators negotiate a larger share of the new MDR.
PhonePe plans more than 20,000 frontline hires and over 50 lakh new payment devices, with about half targeted at rural India.
Person-to-person UPI payments will remain free, while the new MDR framework will apply only to specified merchant transactions from October 15, 2026.
BRICS business leaders discuss digital payments, local-currency trade and supply-chain cooperation in New Delhi.
Indian and BRICS representatives discuss local-currency trade and cross-border digital payment connectivity at an economic forum.
Indian fintech ecosystem and real-time payment infrastructure creating opportunities for global expansion.
UPI reaches a record 24.51 billion transactions in August 2026, highlighting India's continued growth in digital payments and financial technology.
Digital UPI payments being made by Indian consumers and merchants using smartphones.
Feature phones get internet-free payments Key Highlights News Story New Delhi, August 31, 2026: Fintech company PhonePe has launched PhonePe UPI 123Pay, a new service designed to enable feature phone users to make UPI transactions without requiring an internet connection. The company said the service is aimed at extending digital...
PM Jan Dhan Yojana has completed 12 years with 59.09 crore accounts, ₹3.17 lakh crore in deposits and 41.29 crore RuPay cards issued across India.
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