Banking
RBI Grants NPCI Flexibility to Revise UPI Limits in Latest Monetary Policy Update
In a significant move to support innovation and flexibility in India’s fast-evolving digital payments landscape, the Reserve Bank of India...
India Launches First Digital Threat Report 2024 to Strengthen Cybersecurity in BFSI Sector
In a major step towards securing the country’s digital financial infrastructure, the Ministry of Electronics and Information Technology (MeitY) and...
NBSL Launches BHIM 3.0 with Enhanced Features for Users, New Offerings for Businesses and Banks
NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), has launched Bharat Interface for...
Cabinet Approves ₹1,500 Cr Incentive Scheme to Promote Low-Value BHIM-UPI Transactions
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an incentive scheme to promote small-value BHIM-UPI transactions between...
India’s Digital Payment Transactions Surge by 46% in FY 2023-24, UPI Leads the Growth
India’s digital payment landscape has seen remarkable growth, with total digital payment transactions soaring by 46% from 8,839 crore in...
Former Revenue Secretary Sanjay Malhotra Appointed as RBI Governor
The Government of India has appointed Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI), succeeding...
RBI Keeps Repo Rate Unchanged at 6.5%, Shifts Policy Stance to Neutral
In its October 2024 monetary policy meeting, the Reserve Bank of India (RBI) decided to maintain the repo rate at...
Policybazaar Parent Plans $100 Million Investment for 20-30% Stake in New Healthcare Venture
PB Fintech, the parent company of Policybazaar and Paisabazaar, is planning to invest up to $100 million for a 20-30%...
M2P Fintech Raises ₹850 Crore in Series D, Targets International Expansion and Acquisitions
M2P Fintech, a leading API infrastructure provider, has secured ₹850 crore (approximately $102 million) in a Series D funding round,...
75% of UPI Users May Abandon Platform if Transaction Fees Introduced: Survey
A recent LocalCircles survey indicates that 75% of UPI users in India would stop using the platform if transaction fees...
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