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Paytm Payments Services has received RBI's in-principle approval to operate wallets, but it must complete audits and secure final authorisation before issuing PPIs.
Paytm Payments Services has received RBI's in-principle approval to operate wallets, but it must complete audits and secure final authorisation before issuing PPIs.
UPI transaction volume jumped 32% on Diwali to 916.9 million transactions, with payments worth more than ₹90,000 crore processed on November 8.
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.
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