The NPCI has rolled out UPI Reserve Pay, a new feature designed to help users manage spending, alongside several innovations enabling payments through smart devices. Reported by Zee Business sources, these initiatives also include AI-driven dispute resolution and biometric authentication, offering a more convenient and secure payment experience. How Reserve Pay works? Reserve Pay lets…
Paytm (One 97 Communications Limited), India’s leading full-stack merchant payments platform, on Tuesday announced a Profit After Tax (PAT) of Rs 123 crore for the first quarter of FY26, marking a significant financial milestone for the company. The Noida-based fintech major attributed the growth to its expanding base of high-quality subscription merchants, increase in Gross…
The Union Finance Ministry on Wednesday dismissed reports suggesting the government is considering levying charges on Unified Payments Interface (UPI) transactions, calling the claims “completely false, baseless, and misleading.” In an official post on social media platform X, the ministry clarified that there is no proposal to introduce a Merchant Discount Rate (MDR) on UPI…