Tag: digital payments
Cash craze: Currency in circulation touches record Rs 40 lakh crore
Currency in circulation (CiC) hit a record Rs 40 lakh crore in January, up 11.1% year-on-year, even as the cash-to-GDP radio fell to about 11.2%,…
RBI governor Malhotra urges MSMEs to formalize, digitize, and maintain credit discipline for resilience
The Reserve Bank of India Governor Sanjay Malhotra on Monday told small business units classified as micro, small and medium enterprises (MSMEs) to pursue formalisation,…
India is an AI case study the world can learn from: Wafaa Amal| Business News
Wafaa Amal, a veteran in the payments and banking sectors globally, can see trends before many others can. As CEO of Prisme.ai, a sovereign agentic…
Razorpay picks Axis, Kotak, Citi, and JPMorgan to manage its IPO
Digital payments major Razorpay has finalised four investment banks for its upcoming public listing, according to two people in the know. Axis Capital, Kotak Mahindra,…
Aadhaar, digital payments cut India’s welfare leakage by 13%: BCG Report
New Delhi: India has set a global benchmark in public welfare integrity by reducing leakage in its systems by nearly 13 per cent. According to…
Google Pay’s Sharath Bulusu| Business News
Google wants a larger share of India’s digital payments, and isn’t resting on continued domination of Google Pay as one of the dominant UPI, or…
Pine Labs secures all three payment licences from the RBI
IPO-bound digital payments processor Pine Labs has secured all the mandated regulatory licences needed to offer digital payments in the country. According to a recent…
Pine Labs IPO Day 3: Weak GMP, tepid subscription demand. Should you apply?
Fintech company Pine Labs is in the final day of its Rs 3,900 crore initial public offering (IPO), but investor enthusiasm appears to be waning….
Digital payments comprise 99.8% of total transactions volume in H1 2025: RBI
The payments ecosystem in India has witnessed a remarkable growth in recent years with digital payments now accounting for 99.8% of total payment transactions volume…
DPIP: RBI’s AI tool to detect fraud in real time
Mumbai: The central bank’s upcoming Digital Payments Intelligence Platform (DPIP) would harness AI to detect and prevent payment frauds in real time, officials aware of…