UPI Ends FY24 with Record Transactions Worth ₹199 Lakh Crore Unified Payments Interface (UPI) has closed the financial year 2023-24 with a groundbreaking milestone, recording transactions worth a staggering ₹199 lakh crore. This achievement marks a significant surge in digital transactions, highlighting the increasing adoption of digital payment methods in India. The exponential growth of…
Policybazaar Establishes Wholly-Owned Subsidiary PB Pay Private Limited for Expansion into Payment Aggregation Services In a strategic move aimed at broadening its spectrum of services, Policybazaar, India’s leading online insurance aggregator, has announced the establishment of its wholly-owned subsidiary, PB Pay Private Limited. This latest endeavor marks the company’s foray into the domain of payment…
India Launches Hello UPI and Bharat BillPay Connect for Conversational Payments In a significant development in the realm of digital payments, India has taken yet another step forward to enhance its fintech ecosystem. The recent launch of “Hello UPI” and “Bharat BillPay Connect” marks a noteworthy stride in the direction of conversational payments. This move…
SBI to Launch New Current Accounts and Savings Accounts in FY24 to Attract Deposits State Bank of India (SBI) is set to launch new current accounts and savings accounts in the financial year 2023-24 to attract more deposits. This move is aimed at increasing the bank’s market share in the current account and savings account…
Axis Bank Launches MicroPay Based on PIN on Mobile Technology for Digital Payments Axis Bank, one of India’s leading private sector banks, has launched a new digital payment service called MicroPay. The new payment service is based on PIN on Mobile technology, which allows customers to make secure payments without the need for a physical…
Reserve Bank of India Hackathon : Reserve Bank of India Announces 2nd Global Hackathon – Harbinger 2023 The Reserve Bank of India (RBI) has announced the launch of its 2nd Global Hackathon, ‘Harbinger 2023’, to foster innovation and create solutions to tackle various issues in the banking and financial sector. The hackathon is aimed at…
