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India May Delay UPI Payment Fee Rollout by Few Months

By Uniquetimesorg October 8, 2026 0

India is considering delaying the introduction of a 0.4% fee on large UPI merchant payments by a few months, according to a regulatory official and an industry executive familiar with the discussions. The fee, which applies to transactions above ₹2,000, was scheduled to take effect from October 15. The proposed charge ended more than six […]Continue Reading

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Moneyview Surges 76% in Market Debut, Crosses $1 Billion Valuation

By Uniquetimesorg October 1, 2026 0

Accel-backed fintech platform Moneyview made a strong debut on Indian stock exchanges on Thursday, with its shares rising as much as 76% from the IPO price. The stock listed at ₹55 on the National Stock Exchange, compared with its IPO price of ₹34, and was last trading 67% higher at ₹56.75, giving the Bengaluru-based company […]Continue Reading

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Apple Pay Launches in India With Axis Bank Partnership

By Uniquetimesorg September 30, 2026 0

Apple Pay has officially launched in India through a partnership with Axis Bank, marking the payment service’s entry into one of the world’s largest digital payments markets. Axis Bank will initially offer Apple Pay to customers with eligible Visa and Mastercard credit cards, while cards on India’s RuPay network will not be supported. Customers can […]Continue Reading

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PhonePe Plans 20,000 New Hires to Expand Rural Merchant Network

By Uniquetimesorg September 24, 2026 0

Digital payments platform PhonePe said it plans to hire 20,000 additional on-roll sales employees over the next year as it expands its merchant network across smaller towns and villages in India. The Walmart-backed company aims to strengthen digital payment access in underserved rural areas. PhonePe also plans to deploy more than 5 million devices, including […]Continue Reading

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UPI Fee Shift Set to Strengthen PhonePe, Google Pay Dominance

By Uniquetimesorg September 22, 2026 0

India’s decision to introduce a merchant fee on certain UPI transactions could significantly boost revenue for major payment apps such as Walmart-backed PhonePe and Google Pay. Starting October 15, a 0.4% merchant discount rate will apply to UPI transactions above ₹2,000. Bernstein estimates the move could generate up to $1.1 billion in annual revenue for […]Continue Reading

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Apple Pay Eyes India Launch With Axis Bank Partnership

By Uniquetimesorg September 18, 2026 0

Apple is reportedly preparing to launch Apple Pay in India next month with Axis Bank credit cards, according to three sources familiar with the matter. The move would mark Apple Pay’s entry into one of the world’s largest digital payments markets, where the service is currently unavailable. Apple has also held discussions with HDFC Bank […]Continue Reading

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India’s UPI to Introduce Fees on Large Merchant Payments

By Uniquetimesorg September 16, 2026 0

India’s Unified Payments Interface (UPI) will end its more than six-year zero-fee era for certain large merchant transactions from October 15, 2026. Under new rules announced by the National Payments Corporation of India (NPCI), a 0.4% Merchant Discount Rate (MDR) will apply to merchant transactions above ₹2,000. The charge cannot be passed on to consumers. […]Continue Reading

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India Consults Banks on Possible Fees for Large UPI Payments

By Uniquetimesorg September 15, 2026 0

India’s payments authorities are consulting banks and payment companies over plans to introduce charges on large transactions through the Unified Payments Interface (UPI), according to sources familiar with the discussions. The consultations follow a change in Indian payments legislation that allows fees to be charged on UPI transactions above ₹2,000. UPI payments have so Continue Reading

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Amazon Pay Eyes Travel Insurance as It Expands Financial Services in India

By Uniquetimesorg September 12, 2026 0

Amazon Pay India is considering expanding its insurance portfolio to include travel insurance and other products as it seeks to strengthen its presence in India’s broader financial-services sector. CEO Vikas Bansal said the company aims to grow beyond payments into areas such as credit, insurance, savings and investments. The payments platform recently launched health Continue Reading

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Sitharaman Calls for Stronger AI Safeguards Amid Rising Safety Concerns

By Uniquetimesorg September 11, 2026 0

Finance Minister Nirmala Sitharaman has called for stronger and continuously updated safeguards around artificial intelligence, warning that society cannot be left to bear the risks if AI systems “go rogue”. Speaking at the Global Fintech Fest 2026, she urged the global AI industry to provide greater institutional accountability and credible assurances that safety measures Continue Reading