How Contactless Payments Won Gold at Paris Olympics
How contactless payments won gold at Paris Olympics - PYMNTS
The Olympics served as a proving ground for technological innovation, particularly in the realm of payment systems.
Digital payments clock 50% volume growth between FY18 and FY24 - The Hindu Business Line
In value terms, NEFT transactions had the highest share (49.4%) in total retail payments in FY24, followed by UPI at 25.3% share. Read more
CBDC retail pilot customers grow to 5 million till June 2024 - Business Standard
The retail pilot for CBDC saw customers growing to 5 million till June 2024 from 1.3 million a year ago, while merchants increased to 0.42 million from 0.3 million. Read more
Remittance revolution: UPI, CBDCs can bring down transfer costs - Policy Circle
?UPI's efficiency and CBDCs' potential for bypassing intermediaries offer India a powerful one-two punch to slash remittance fees. Read more
RBI sets new rules for mobile payment apps - The Times of India
RBI has made device binding or fingerprinting of phones for mobile applications used in payments. Read more
Retail payments of some banks temporarily unavailable due to ransomware attack - ET Wealth
Vishal Maru, Head - Global Processing at FSS, talks about why Indian banking customers don't need to be worried about such attacks.
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Embracing the cloud for banking innovation - FSS Knowledge Hub
Cloud technologies have emerged as a transformative force, offering banks the agility, scalability, and innovation capabilities needed to thrive in the digital age. Read more
How paperless B2B payments are reducing fraud in business transactions - PYMNTS
B2B) payments are riddled with manual processes, paper-based workflows and legacy inefficiencies, which can ladder up to one big problem: payments fraud. Read more
Banks may offer small loans on UPI against FDs - ET BFSI
Private banks targeted new-to-bank customers with credit on UPI with fixed deposits as collateral. Read more
Mobile wallet transactions on slippery slope as UPI rises - ET BFSI
As UPI becomes the de-facto digital payment mode, mobile wallets are losing relevance with their monthly transactions in steep decline. Read more
RuPay credit cards on UPI will now earn the same reward points like cards - ET Wealth
Vishal Maru, Head - Global Processing at FSS, says that NPCI has made the right move by asking issuers to ensure parity in reward points. Read more
Indian payment companies shore up talent in foreign shores to boost revenue - The Economic Times
FSS CEO, V Balasubramanian, talks about how the joining of Vishal Maru and Amiya Behera will help FSS grow in ME and Africa. Read more
UPI merchant transactions cost 1,00,000 payments in Nepal - ET BFSI
NPCI International had partnered with a payment network in Nepal to launch cross-border P2M UPI acceptance in March 2024.