India continues to solidify its position as a global fintech powerhouse, according to the Future of Global Fintech: From Rapid Expansion to Sustainable Growth – Second Edition report released by the World Economic Forum (WEF). The study identifies India among a select group of countries that are driving the world’s...

The Department of Financial Services (DFS), Ministry of Finance, hosted the Digital Payments Awards 2025 at Vigyan Bhawan, New Delhi, to acknowledge top-performing banks and fintech companies for their contribution to strengthening India’s digital payments ecosystem. The event was presided over by Union Finance and Corporate Affairs Minister, Nirmala Sitharaman,...

In a move aimed at enhancing international travel spending experiences for Indian consumers, RuPay and JCB International have announced a limited-period cashback offer for RuPay JCB Debit and Credit cardholders. The campaign, which runs from June 15 to August 31, 2025, allows eligible cardholders to avail 25% cashback on in-store...

In a major step towards tackling spam calls and messages, the Telecom Regulatory Authority of India (TRAI) has launched a Pilot Project for Digital Consent Management in partnership with the Reserve Bank of India (RBI) and select banks. TRAI observed that many complaints about spam are linked to businesses that...

The Ministry of Finance has firmly denied speculation suggesting that Merchant Discount Rate (MDR) will be levied on Unified Payments Interface (UPI) transactions. In a statement released via X (formerly Twitter), the ministry called the rumours “completely false, baseless, and misleading.” The clarification comes amid circulating claims on social media...