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...

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced the repo rate by 50 basis points to 5.50%, effective immediately. The decision was made during the MPC’s 55th meeting held from June 4 to 6, 2025, under the chairmanship of Governor Sanjay Malhotra. The committee also adjusted...

India’s digital payments network continues to show robust momentum as the Unified Payments Interface (UPI) recorded 18.68 billion transactions worth ₹25.14 lakh crore in May 2025, according to data released by the National Payments Corporation of India (NPCI). This marks a strong 33% year-on-year (YoY) growth in transaction count and...

In a major step to fight cyber fraud and financial scams, the Department of Telecommunications (DoT) has rolled out the “Financial Fraud Risk Indicator” (FRI), a new tool under its Digital Intelligence Platform (DIP). This tool is being shared with banks, UPI apps, and financial institutions to help them identify...