Latest Updates Around The World
Most taxpayers receive their refunds via direct deposit. Getty The IRS is moving away from paper refund checks in favor of digital payment methods to improve speed, security and cost efficiency. For the 2026 tax filing season, taxpayers are encouraged to pay (and get paid) electronically, including receiving refunds via direct deposit. The new guidelines […]
PhonePe Payment Gateway on Saturday launched ‘PhonePe PG Bolt’ for Visa and Mastercard credit and debit card transactions, aiming to provide users and merchants with a faster and more secure in-app checkout experience, PTI reported.The solution uses device tokenization to enable secure in-app payments for users on the PhonePe platform and merchant partners, the company […]
The growth of QR code-led digital payments is fueling unsecured trade lending by non-bank lenders, bringing hundreds of small businesses into the fold of formal credit at a time when mainstream banks are quite cautious about expanding loan books without collateral.Non-banking finance companies (NBFC) such as Aditya Birla Finance (ABFL), L&T Finance, Poonawala Fincorp and […]
Citing the company’s positioning at an earnings inflection point, global brokerage firm Jefferies has initiated coverage on Pine Labs with a ‘Buy’ rating and a target price of Rs 300. The broker highlighted that Pine Labs is expected to benefit from operating leverage, improved profitability and growth in the digital payments segments over the next […]
On average, 682 million UPI transactions worth ₹87,721 crore were recorded daily in November | Photo credit: ALLEN EGENUSE J India’s own Unified Payments Interface (UPI) platform recorded 20.47 billion monthly transactions totaling ₹26.32 lakh crore in November, NPCI data showed. Transaction volume and value increased by 32 percent year-on-year (year-on-year) and 22 percent year-on-year, […]
Is 2025 a possible “ChatGPT moment” for stablecoins? That may be true, but given the glacial pace at which new payment technology is entering everyday grocery shopping, it could be easy to miss the change.Take EBANX. It’s a payment facilitator like Stripe Inc., but aimed at shoppers in emerging markets in Latin America, Africa and […]
Industry experts noted that one of the largest beneficiaries of the move will be first digital users, especially those in semi-urban and rural areas, where trust in formal financial channels still evolves Fintech companies and financial services players have welcomed the new guidelines of the Reserve Bank of India (RBI) for the authentication of digital […]
India has an informal workforce with low credit penetration, but the share of new-to-credit loans continues to fall. | Photocredit: Getty images The bank loan mix has changed considerably over the past 14 years, whereby the share of business advances falls from 58 percent to 36 percent and the company financing that leaves banks, according […]
The cooperation provides real -time settlement options and secure map processing via the new payment gateway of the CamSpay. RBL Bank has announced a partnership with CamSpay, the payment unit of Cams, to launch a new digital payment gateway platform aimed at Indian companies. The bank based in Mumbai will serve as the Merchant that […]
