India’s digital payment ecosystem has witnessed a remarkable surge, with total transactions crossing 18,000 crore in FY 2024-25 (till January 2025). This impressive growth is mainly fueled by the rise of UPI, better partnerships in the fintech space, and government efforts to encourage cashless ...

In India, digital payment transactions jumped from 8,839 crore in FY 2021-22 to an impressive 18,737 crore in FY 2023-24, reflecting a remarkable 46% CAGR (Compound Annual Growth Rate). A significant part of this growth can be attributed to the Unified Payments Interface (UPI), which experienced a ...

Razorpay, a prominent fintech company, has officially launched its payment solutions in Singapore, representing a significant step in its expansion following successful ventures in India and Malaysia. This initiative aligns with Singapore’s digital-first economy and its expanding real-time ...

Paytm has launched the Paytm Solar Soundbox, an innovative solution that aims to transform digital payments for small merchants in India. Launched on February 20, 2025, this product provides seamless and consistent transaction alerts powered by solar energy. It is specifically tailored for ...

Walmart-owned digital payments firm PhonePe will acquire wealth management firms WealthDesk for about $50 million and OpenQ for around $20 million. PhonePe confirmed about the deal related to WealthDesk and OpenQ, but didn’t reveal the value of the transaction. PhonePe has ...

PhonePe comes in a partnership internet exchange point, Extreme IX to enable faster digital payments. This partnership helps PhonePe to decrease the latency for its users irrespective of their location or ISP in India. PhonePe has become the first digital ...

RBI Governor Shaktikanta Das has launched UPI for feature phones called UPI123Pay. He also launched 24x7 helpline for digital payments – DigiSaathi. UPI on feature phones will help people in rural areas who cannot afford a smartphone. UPI123pay presently offers four mediums/options to ...

Mastercard and Google have announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards while enjoying a hassle-free experience. Through tokenization, Mastercard cardholders can make payments through a secure digital token ...

Meta-owned WhatsApp has announced the Digital Payments Utsav for 500 villages in India. WhatsApp’s Digital Payments Utsav is a pilot program that promotes digital payments to empower individuals and businesses and is meant as a project to further the cause of financial ...

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is seeing tremendous interest across the globe and lenders are using this opportunity to adopt a more convenient and cashless digital payment system. This is an ...