Luxembourg City [Luxembourg] / Singapore, February 23: The Luxembourg House of Financial Technology (LHoFT) announces a major evolution of the Catapult: Inclusion SE Asia program with the launch of its first dedicated investment fund, delivered through NextFin Asia. Launched in partnership w
Secretary (East) in the Ministry of External Affairs, P Kumaran, said on Saturday that Brazilian President Luiz Inacio Lula da Silva, during his talks with Prime Minister Narendra Modi, expressed interest in the Indian UPI payments system.
A Division Bench comprising Chief Justice DK Upadhyaya and Justice Tejas Karia issued notice to the Union of India through the Ministry of Finance, the Reserve Bank of India (RBI), and the National Payments Corporation of India (NPCI).
French President Emmanuel Macron praised India's digital transformation at the India AI Impact Summit 2026. He highlighted advances in digital identity, payments, and health IDs, noting their impact on financial inclusion. Macron described India's progress as globally unmatched and emphas
PhonePe's merchant platform has achieved significant scale and engagement, with Daily Active Merchants (DAM) as a percentage of Monthly Active Merchants (MAM) reaching 60.77% as of September 2025, up from 44.18% in March 2023.
Mumbai (Maharashtra) [India], February 16: IDFC FIRST Bank launches Hello Cashback Credit Card, a fixed-deposit-backed offering designed to make credit more accessible for digitally savvy customers, especially young adults aged 18+ with online-first and UPI-led spending habits. The card enab
Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey.
Cash use in India remains strong and currency in circulation has reached a record high despite the rapid rise in digital payments, mainly due to higher consumption, lower interest rates, and the replacement of Rs 2000 notes, according to a report by State Bank of India (SBI).
Singapore, February 16: DBS Bank, Southeast Asia's largest bank and Visa, a global leader in digital payments today announced their ongoing collaboration to drive the future of agent-initiated payments via a joint pilot under Visa Intelligent Commerce (VIC). VIC brings together a comprehensi
Mumbai (Maharashtra) [India], February 14: The Securities and Exchange Board of India (SEBI), in partnership with the National Securities Depository Limited (NSDL), has launched a multi-city investor awareness campaign using auto-rickshaws to promote verification before making securities
"I think, given India's strong technology focus, there would be huge opportunities for India to develop fintech in Mauritius with the view of targeting African markets," said Mauritius' Financial Services and Economic Planning Minister Jyoti Jeetun.
Singapore, February 10: Visa, a world leader in digital payments, today released new survey findings on the state of digital commerce in Asia Pacific, revealing that while consumers are increasingly using AI to shop, concerns over security and transparency are creating hesitation at the cruc