Gen Z spends 70% of salary on essentials, study finds
A study by SalarySe, based on millions of UPI transactions from over 5.2 lakh salaried Gen Z users in India, found that 70% of their monthly spending goes to five core categories:…
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Razorpay teams with OpenAI, NPCI for ChatGPT storefronts
Razorpay is working with OpenAI and the National Payments Corporation of India (NPCI) to let merchants set up ChatGPT-native storefronts and complete purchases through UPI features such as UPI Reserve Pay and…
Parliamentary panel seeks MDR on high-value UPI transactions
A Parliamentary Standing Committee on Finance has recommended bringing back the Merchant Discount Rate (MDR) for select high-value UPI merchant transactions. The move aims to make India's digital payments ecosystem financially sustainable…
BSE clarifies ‘@valid’ UPI IDs for seamless payments
The Bombay Stock Exchange (BSE) has issued a clarification regarding the implementation of '@valid' UPI IDs for transactions. The exchange stated that these identifiers are meant to streamline payment processes and ensure…
Parliament panel seeks calibrated MDR on high-value digital payments
A parliamentary panel has recommended an expeditious introduction of a calibrated merchant discount rate (MDR) on high-value digital transactions. The committee urged the Department of Financial Services (DFS) to create a self-reliant,…
Parliament panel flags Rs 20,700 crore UPI funding gap
A parliamentary standing committee has warned of a Rs 20,700 crore funding gap in UPI, against a government allocation of just Rs 2,000 crore. The committee, chaired by Bhartruhari Mahtab, said the…
PayU launches accessible checkout for visually impaired users
PayU has launched an accessible payments checkout designed to help blind and visually impaired users complete online transactions independently. The feature includes screen-reader optimisation, voice commands, adaptive profiles, visual modes for low…
Parliament passes law allowing UPI charges; no fee for small users yet
The government has passed a law enabling it to impose charges on UPI, but Finance Minister Nirmala Sitharaman assured Parliament that no transaction fee will be levied on users or small merchants.…
Apple Pay likely to launch in India by October without UPI
Apple Pay is expected to launch in India as early as October 2026, initially supporting only Visa and Mastercard credit cards and excluding UPI, according to reports. Users will be able to…
RBI explores CBDCs, payment links to cut cross-border costs
India co-chaired the BRICS finance ministers and central bank governors meeting in Jaipur on August 12-13, where RBI Governor Sanjay Malhotra stressed the need for cheaper and faster cross-border payments. Separately, Malhotra…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.