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MCIT launches e-payment gateway in partnership with QNB

Hyderabad: The UPI (Unified Payments Interface) services faced disruptions on Tuesday evening as several banks encountered internal technical issues, as

Kerala has seen a surge in interstate migration in the last two decades, with people from various countries seeking better job opportunities. However, these migrants face challenges in remitting money to their families, paying high transaction costs and using agents to transfer money. A 2023 study by the Science and Engineering Research Board and Mahatma Gandhi University found that a significant portion of these migrants express reservations about the reliability of digital platforms for remitt...

Users are mass reporting problems with UPI payments on the microblogging site X, indicating that the problem has been ongoing for some time. �� UPI Down? Online Payments Fail for UPI Users Amid Reports of Outage Across Several Bank Servers.

PhonePe, Google Pay see surge in inbound requests for QR codes and Smart Speakers, offer support.

Grocers, cafés and other businesses — big and small — in Delhi, Mumbai, Bengaluru and elsewhere have been seized by uncertainty after the Reserve Bank of India (RBI) cracked down on Paytm Payments Bank on January 31 for not complying with regulations.

A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India's startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The RBIs action prohibits the bank from accepting further deposits, conducting credit transactions, or carrying out top-ups on customer accounts after February 29. Paytm wallet users will still be able to use their existing balance until it is exhausted, but they will not be able to add any more money to their accounts. The RBIs move comes after concerns were raised about money laundering and questionable dealings within the bank.

A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, Indias startup king faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that...