Government Recognises 21 Banks and Fintech Innovators for Excellence in Digital Payments

A total of 21 awards were presented—10 to leading banks and 11 to high-performing fintech companies. (Image Source: PIB)

The Department of Financial Services (DFS), Ministry of Finance, hosted the Digital Payments Awards 2025 at Vigyan Bhawan, New Delhi, ...

The Ministry of Finance has firmly denied speculation suggesting that Merchant Discount Rate (MDR) will be levied on UPI transactions. (Image source: Freepik)

Government Dismisses MDR Rumours on UPI Transactions as ‘False and Baseless’

by Finclusion

June 16, 2025

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The Ministry of Finance has firmly denied speculation suggesting that Merchant Discount Rate (MDR) will be levied on Unified Payments ...

No Plans to Impose GST on UPI Payments Over ₹2,000, Clarifies Government

by Finclusion

April 21, 2025

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The Government has firmly denied reports suggesting that Unified Payments Interface (UPI) transactions exceeding ₹2,000 might attract Goods and Services ...

The Expert Committee was led by the President of the Institute of Chartered Accountants of India (ICAI). (Image source: ifsca.gov.in)

Expert Committee on developing GIFT IFSC as ‘Global Finance and Accounting Hub’ submits report to IFSCA

by Finclusion

March 28, 2024

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The Expert Committee on developing the Gujarat International Finance Tech-City International Financial Services Centre (GIFT IFSC) as a 'Global Finance ...

In the era of digital communication, social media platforms have made it very easy to spread messages and information. However, it has also given a rise to the spread of misinformation. (Image source: pch.vector on Freepik)

PIB Fact Check clarifies no changes to Section 43B(h) provision, dismisses misleading message on MSME payments

by Finclusion

February 13, 2024

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In the era of digital communication, social media platforms have made it very easy to spread messages and information. However, ...

The government of India has allowed direct listing of securities by Indian Companies at GIFT- IFSC exchanges. (Image source: Freepik)

Govt allows direct listing of securities by Indian companies on International Exchanges of GIFT IFSC

by Finclusion

January 25, 2024

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The government of India has allowed direct listing of securities by Indian Companies at GIFT- IFSC exchanges. Finance Minister Nirmala ...

The rise of deepfake technology presents a complex challenge that requires a multifaceted response. (Image source: Freepik)

Government asks banks, fintechs to prepare for deepfake threat, ramp up cybersecurity

by Finclusion

December 29, 2023

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Deepfakes have emerged as both a fascinating and concerning facet of today's digital world. These digitally manipulated videos or images, ...

The Ministry of Finance has informed that the Department of Financial Services (DFS) continued the momentum of reforms, building on the foundation laid by earlier initiatives like the EASE Reform agenda — focusing on risk assessment, digital transformation, and more. (Image source- Freepik)

Ministry of Finance highlights how EASE Reforms, digital payments transformed banking landscape in 2023

by Finclusion

December 28, 2023

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The Ministry of Finance has informed that the Department of Financial Services (DFS) continued the momentum of reforms, building on ...

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