Tag
The RBI has issued final directions on digital payment fraud liability, effective January 1, 2027, requiring banks to prove customer negligence rather than the other way around. A new compensation scheme covers losses up to Rs 50,000 for eligible victims who report fraud within five days.
UPI processed a record 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, up 3.8% from April, per NPCI data. The milestone deepens pressure on regulators to address market concentration, with PhonePe and Google Pay together holding nearly 80% of transaction volume.
Paytm shares fell around 8% on Monday after the RBI banned its payments bank unit. The move threatens key revenue streams and could disrupt wallet and merchant settlement services for millions of users.
UPI processed 24,162 crore transactions worth ₹314 lakh crore in FY26, setting a new record for India's digital payments network. The scale reinforces UPI's role as the core of retail finance and supports broader goals around financial inclusion and formal economic activity. The government has signaled continued focus
Tag
The RBI has issued final directions on digital payment fraud liability, effective January 1, 2027, requiring banks to prove customer negligence rather than the other way around. A new compensation scheme covers losses up to Rs 50,000 for eligible victims who report fraud within five days.
5d ago · 4 min · Policy & Government
UPI processed a record 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, up 3.8% from April, per NPCI data. The milestone deepens pressure on regulators to address market concentration, with PhonePe and Google Pay together holding nearly 80% of transaction volume.
29d ago · 3 min · Markets
Paytm shares fell around 8% on Monday after the RBI banned its payments bank unit. The move threatens key revenue streams and could disrupt wallet and merchant settlement services for millions of users.
1mo ago · 2 min · Markets
UPI processed 24,162 crore transactions worth ₹314 lakh crore in FY26, setting a new record for India's digital payments network. The scale reinforces UPI's role as the core of retail finance and supports broader goals around financial inclusion and formal economic activity. The government has signaled continued focus
2mo ago · 1 min · Economy
— End of feed —