Download the app
App StorePlay Store
Beige
Login
← All tags

digital payments

India’s financial inclusion is rising but household maturity is lagging badly

India’s financial inclusion is rising but household maturity is lagging badly

India has brought millions into the formal financial system through bank accounts and digital payments, but a new study highlights a deeper problem: household financial maturity. Many families struggle with basics like compounding and inflation, limiting their ability to choose products and plan effectively. Closing this knowledge gap could unlock more inclusive growth and stronger long-term outcomes.

Summarised by Beize from a story on The Economic Times on 10 May 2026
India Vietnam launch 25 billion trade push by 2030 with rare earth and defence MoUs

India Vietnam launch 25 billion trade push by 2030 with rare earth and defence MoUs

India and Vietnam upgraded ties to an Enhanced Comprehensive Strategic Partnership as President To Lam visited New Delhi. Modi and To Lam set a USD 25 billion bilateral trade target by 2030 and signed 13 MoUs spanning defence, rare earths, digital payments, pharmaceuticals, and emerging tech. The package also moves agricultural access, including durian and grape openings.

Summarised by Beize from a story on Know Startup on 8 May 2026

Your news, in seconds

App StorePlay Store
Walmart CEO meets Modi and ramps India plans after 40 billion sourcing push

Walmart CEO meets Modi and ramps India plans after 40 billion sourcing push

Walmart CEO John Furner met Prime Minister Narendra Modi to discuss India’s growth and investment opportunities. The retailer said it has sourced $40 billion worth of goods from India and is expanding digital commerce and payments. The broader push includes plans tied to Flipkart and PhonePe’s potential public listings, signaling Walmart’s intent to deepen its footprint in the market.

Summarised by Beize from a story on The Economic Times on 8 May 2026
NPCI raises UPI income tax cap to ₹5 lakh per day

NPCI raises UPI income tax cap to ₹5 lakh per day

During peak tax season, NPCI has expanded the UPI payment limit for verified categories, including income tax, allowing transactions up to ₹5 lakh per day. While most users still face the standard ₹1 lakh daily UPI cap, the higher threshold aims to simplify digital tax compliance and reduce dependence on net banking for larger payments.

Summarised by Beize from a story on Republic on 8 May 2026
How FaithTech is turning Indian spirituality into a billion dollar personalized online experience

How FaithTech is turning Indian spirituality into a billion dollar personalized online experience

India’s spiritual economy is shifting online as FaithTech platforms offer rituals, offerings, guidance, and devotional commerce on demand. Demand surged during and after COVID-19 when worship access was limited and overseas Indians sought remote connections. With payments infrastructure and rising interest in AI-driven spirituality, faith is becoming individual, flexible, and increasingly subscription-led.

Summarised by Beize from a story on YourStory on 8 May 2026
PoS terminal shortage hits India payments as imports stall drives 20 percent price surge

PoS terminal shortage hits India payments as imports stall drives 20 percent price surge

India’s digital payments ecosystem is feeling a pinch as a shortage of new point-of-sale terminals worsens. Disruptions to imports from China and the ongoing West Asia crisis have pushed PoS device prices up by roughly 15 to 20 percent. Payment firms are responding by extending terminal lifecycles and making tighter use of existing assets.

Summarised by Beize from a story on The Economic Times on 8 May 2026

Never miss a story

App StorePlay Store
India and Vietnam sign 13 MoUs to deepen defense and digital payments ties

India and Vietnam sign 13 MoUs to deepen defense and digital payments ties

India and Vietnam have upgraded their relationship to an Enhanced Comprehensive Strategic Partnership, signing 13 MoUs spanning defense and economic cooperation. The deal includes moves on banking and digital payments, with both sides seeking to lift bilateral trade to $25 billion by 2030. Central bank coordination and payment-system linking are central to strengthening financial connectivity.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Paytm posts FY26 net profit Rs 552 crore after years of losses

Paytm posts FY26 net profit Rs 552 crore after years of losses

Paytm has reported its first full year of profit in FY26, ending with a net profit of Rs 552 crore, a sharp swing from prior losses. The turnaround was powered by tighter cost control and strong financial services momentum, lifting operating revenue by 22% to Rs 8,437 crore as the payments firm improved performance.

Summarised by Beize from a story on The Economic Times on 6 May 2026
CashKaro surges 72% to Rs 600 crore, powering Rs 10000 crore in partner sales

CashKaro surges 72% to Rs 600 crore, powering Rs 10000 crore in partner sales

CashKaro has grown 72% to reach Rs 600 crore, crediting efficiency and AI for its expanding impact on partner brands. The platform says it has enabled over Rs 10,000 crore in sales to these brands, underlining how cashback is reshaping Indian shopping behavior and how data-driven offers can drive faster, sales-led growth.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Gift City attracts digital payment firms seeking PSP licenses to serve global travelers and trade

Gift City attracts digital payment firms seeking PSP licenses to serve global travelers and trade

Cross-border digital payment firms are eyeing India’s Gift City as a growth hub, applying for Payment Service Provider (PSP) licenses to reach international travelers and businesses. Razorpay, Cashfree, and Skydo are exploring multi-currency wallet offerings and easier import export payments, aiming to build on existing RBI authorizations while expanding their offshore style services.

Summarised by Beize from a story on The Economic Times on 5 May 2026

Reading on mobile?

App StorePlay Store
Mobile money hits 2 trillion in 2025 as everyday merchant payments surge worldwide

Mobile money hits 2 trillion in 2025 as everyday merchant payments surge worldwide

Global mobile money transactions crossed $2 trillion in 2025, doubling over four years as activity climbed and usage shifted toward everyday merchant payments, which rose 42%. Providers are also rolling out savings and insurance products to improve profitability, even as regulators tighten rules and fraud risks remain a persistent challenge.

Summarised by Beize from a story on The Economic Times on 3 May 2026
Fino Payments Bank’s crisis turns into a risky bet on small finance banking and lost digital revenue

Fino Payments Bank’s crisis turns into a risky bet on small finance banking and lost digital revenue

Fino Payments Bank’s performance has sharply deteriorated since CEO Rishi Gupta’s arrest, with net profit collapsing and revenue sliding across quarters. The damage stems from an RBI circular that crippled bank-led remittances, stress in NBFC and microfinance clients that fund its cash management, and a pullback from digital payments after gaming-linked investigations. Yet management points to a booming deposit base and a potential edge for its upcoming small finance bank plans.

Summarised by Beize from a story on Inc42 on 1 May 2026
Emirates NBD and Visa make UAE card payments faster through local processing in dirhams

Emirates NBD and Visa make UAE card payments faster through local processing in dirhams

Visa has teamed up with Emirates NBD to process UAE dirham transactions locally, speeding up domestic Visa card payments for everyday spending like shopping, dining, and travel. The shift to local processing aims to reduce delays while keeping card usage exactly the same for consumers, offering quicker turnarounds without new steps.

Summarised by Beize from a story on The Economic Times on 1 May 2026
UPI smashes new record with 24162 crore transactions worth Rs 314 lakh crore in FY26

UPI smashes new record with 24162 crore transactions worth Rs 314 lakh crore in FY26

UPI logged a landmark performance in FY26, clocking over 24,162 crore transactions worth Rs 314 lakh crore. The steep rise underlines how digital payments have moved beyond big cities into everyday use across regions. With UPI becoming a default choice for millions, India’s cashless ecosystem is expanding steadily and reshaping daily spending habits.

Summarised by Beize from a story on The Economic Times on 1 May 2026

Follow your favourite sources

App StorePlay Store
UPI transactions slip 1.3% in April yet surge 25% year on year to 22.35 billion

UPI transactions slip 1.3% in April yet surge 25% year on year to 22.35 billion

UPI transactions dipped 1.3% month-on-month to 22.35 billion in April, down from 22.64 billion in March, according to NPCI data. The transaction value also eased to ₹29.03 lakh crore from ₹29.53 lakh crore. Yet on a year-on-year basis, transactions climbed 25% and value rose 21%. Average daily count and value both increased MoM as NPCI held talks with smaller ecosystem players.

Summarised by Beize from a story on Inc42 on 1 May 2026
UPI Turns 10 With 66 Crore Daily Transactions as IMF Names It Global Leader

UPI Turns 10 With 66 Crore Daily Transactions as IMF Names It Global Leader

UPI marks its 10th year since launch in April 2016, growing from 2 crore to 24,162 crore transactions and handling a massive share of real-time payments worldwide. Finance Ministry data says 703 banks are now live and UPI processes around 66 crore transactions daily. The IMF has also described UPI as the world’s largest real-time payment system.

Summarised by Beize from a story on Republic on 1 May 2026
NARCL recovers ₹4364 crore in FY26 as India clamps down on mule account fraud networks

NARCL recovers ₹4364 crore in FY26 as India clamps down on mule account fraud networks

NARCL said it recovered ₹4,364 crore in FY26, nearing its acquisition target after a strong 2025-26 run. At the same time, officials flagged a rise in digital financial frauds and zeroed in on cyber criminals operating through mule accounts. Plans include tighter bank-agency coordination, real-time intelligence sharing, and quicker response to disrupt fraud pipelines.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Uber Adds In App Hotel Bookings With Expedia Group, Turning Rides Into Stays

Uber Adds In App Hotel Bookings With Expedia Group, Turning Rides Into Stays

Uber has launched an in-app “Hotels” tab in partnership with Expedia Group, letting riders browse and book stays directly from the Uber home screen. Users can filter by price, ratings, and amenities, then complete bookings using their existing Uber wallet. The move aims to deepen engagement and create fresh revenue as Uber expands beyond rides into broader travel services.

Summarised by Beize from a story on Republic on 29 Apr 2026

Stay informed on the go

App StorePlay Store
UPI challengers push NPCI for fair play as WhatsApp toughens scam defenses

UPI challengers push NPCI for fair play as WhatsApp toughens scam defenses

Smaller UPI players are set to meet NPCI, arguing that the rapid rise of leaders like PhonePe, Google Pay and Paytm needs a fairer framework. In the same tech update, WhatsApp reportedly tightens defenses against scams—raising pressure on platforms and payments ecosystems to improve safeguards while competition heats up.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
EPFO speeds up claims and may raise minimum pension under EPS 95

EPFO speeds up claims and may raise minimum pension under EPS 95

Labour and employment minister Mansukh Mandaviya said EPFO settled 6.103 million claims in April 2026, with 74% of PF advance requests handled in auto mode and 98.70% of claims settled within 20 days. The push is powered by EPFO 3.0, a digital overhaul for instant, paperless withdrawals. He also indicated the minimum pension under EPS-95 could be raised.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play