Large Retailers Deploying PoS Terminals while Smaller Businesses Prefer QR Codes

New PoS deployment grows at slowest pace since demonetisation - The Economic Times

While new PoS terminals are still being deployed, its mostly in organised and large-format retail. Smaller establishments are tilting towards QR codes.

UPI growth 2.0: Efforts on to crack DBT code - ET BFSI

UPI user base has been hovering around 300 million for some time; RBI and banks are trying to push up this number. Read more

Microservices architecture is the future of payments technology - FSS Knowledge Hub

Using microservices, banks can move faster, experiment with new offerings and explore new markets thanks to its robust, scalable and interconnected architecture. Read more

Visa reinvents the card, unveils new products for the digital age - ET BFSI

Visa has unveiled new products and services that will address the future needs of businesses, merchants and consumers. Read more

Foster collaboration among regions to innovate payment methods in South Asia - ET BFSI

As per an AFI report, QR codes and real-time payments are replacing cash as the most preferred payment method in South Asia. Read more

Credit card spends rise 18% in April - Financial Express

While credit card transactions rose, average spends per card fell 5.5% m-o-m in April. Read more

Lower middle class shows growing interest in Credit on UPI - The Hindu Business Line

The Great Indian Wallet study also revealed that 64% of consumers would stop using UPI if it became chargeable.

Illegal betting for LS elections, IPL exploiting UPI to conduct fraud - ET BFSI

Websites are exploiting the UPI system to collect payments via proxy or mule bank accounts. Read more