Tag: payments
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Explainer-India’s UPI fee shake-up: What changes and why it matters
MUMBAI, Sept 16 : Using mobile phones to scan a QR code for payments has become near ubiquitous behaviour in India over the last decade, thanks to a widely used homegrown network, the Unified Payments Interface (UPI).But after six years of free use, regardless of size or type of payment, India has decided to
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UPI: The small fee raising big questions for India’s payments revolution
Since its launch in 2016, UPI has become a central part of India’s digital payments economy.
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Why cash continues to thrive even as India’s digital payments grow
Digital payments are booming, yet cash remains deeply embedded in the economy in India, central bank data shows.
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India launches tap-and-pay option for real-time payments ahead of full Apple Pay rollout
MUMBAI, Sept 10 : India’s payments authority launched a tap-and-pay option in its real-time payments network on Thursday, ahead of an expected full launch of Apple Pay in the country.The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), is the world’s largest ret
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Dutch fintech Adyen sees long-term India opportunity, plans local expansion
MUMBAI, Sept 9 : Dutch payments processor Adyen plans to expand its India operations and hire more employees as it bets on the country’s fast-growing digital payments market and rising cross-border commerce activity, a top executive told Reuters.The Amsterdam-listed company, one of the world’s largest fintech
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UPI: India built a digital payments miracle. Now comes the bill.
India’s UPI may finally face merchant fees, raising questions over who pays and whether users will resist.
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UK diplomats no longer get hardship bonus for being posted to Buenos Aires
Civil servants are entitled to extra money for working in difficult or dangerous cities around the world.
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Rise of AI shopping pushes merchants to protect loyalty, Adyen says
Aug 13 : The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeated purchases, payments firm Adyen said on Thursday.Traditionally, consumers have browsed, logged in and paid directly thro
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Global Payments cuts annual forecasts as Middle East conflict hits travel spending
Aug 5 : Payment technology company Global Payments cut its annual net revenue and profit forecasts on Wednesday amid economic uncertainty linked to the war in the Middle East. Shares of the company, which are up 14 per cent so far this year, fell about 2.7 per cent in premarket trading following results.
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India paves way for return of merchant fees on digital payments
NEW DELHI: India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the country’s payments laws were introduced in parliament on Tuesday (Aug 4).UPI, one of the world’s largest real-time payments networks,
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