Swift and global banks are launching a new system to make international payments faster and cheaper for small businesses and consumers, starting with major global markets.
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
UPI transactions reached 22.35 billion in April, marking a 25 per cent increase compared to April 2025. UPI now accounts for 85 per cent of all digital transactions in India and is live in eight countries.
Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.
Authorised push payment frauds have emerged as a growing challenge globally as scammers increasingly rely on social engineering techniques to persuade users to transfer money voluntarily, making recovery more difficult even when transactions are authenticated.
From April 1, 2026, the Reserve Bank of India's new authentication directions modernise how every digital payment you make must be verified -- and place the burden of security squarely on your bank, not on you.
Investigators probing the murder of Chandranath Rath, a close aide of West Bengal CM Suvendu Adhikari, have found a key lead in the form of a UPI transaction made at a toll plaza in Howrah.
The Competition Commission of India took note of allegations that participants were informed of several significant contractual obligations only after making substantial payments, potentially depriving them of an informed choice.
India was on Friday accorded the vice presidency of the Financial Action Task Force (FATF), the global body that sets standards for combating money laundering and terrorist financing, for the first time.
Former UEFA president Michel Platini has initiated civil and criminal legal proceedings in France against FIFA and its current president Gianni Infantino.
Pakistan has increased its defence budget by 17.6 per cent to PKRs 3,000 billion for the upcoming fiscal year, as announced by Finance Minister Muhammad Aurangzeb. The federal budget, estimated at PKRs 18,771 billion, targets 4 per cent GDP growth, with significant allocations for debt service and pensions. Prime Minister Shehbaz Sharif highlighted economic stability and ongoing discussions with the IMF, while the opposition protested Imran Khan's incarceration during the budget session.
A US-sanctioned tanker carrying Iranian crude oil has rerouted mid-voyage from its previously indicated destination of India to China, raising questions about payment issues and the future of India's Iranian oil imports.
Earlier, Israeli Prime Minister Benjamin Netanyahu also declared that Iran would never be allowed to acquire nuclear weapons, regardless of any agreement.
The United States and Iran have reached an agreement in principle to immediately and permanently halt all military operations, lift sanctions, and work towards a comprehensive final agreement within 60 days, including a significant reconstruction package for Iran.
Delhi Police have arrested two Haryana-based businessmen for allegedly impersonating members of the notorious Kala Jathedi gang. The accused issued extortion threats to a Delhi businessman over a financial dispute, demanding money and threatening dire consequences. Investigations revealed the duo had no actual links to the gang but used its name to intimidate the victim.
Delhi Police dismantled a major international arms trafficking module with links to Pakistan, Nepal, and Bangladesh, arresting 10 operatives and recovering a cache of foreign-made weapons.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
'...A new challenge has emerged in the form of Mythos.'
State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.
The Federation of Indian Pilots (FIP) on Thursday renewed its demand for a judicial probe into the AI-171 crash and urged authorities not to release any interim investigation report, saying it would create further confusion and speculation.
Unified Payments Interface (UPI) transactions in India reached a record high in March, driven by increased adoption and global expansion. The system now accounts for 85% of digital transactions in India and is live in eight countries.
Police in Uttar Pradesh have detained another person in connection with a kidney transplant racket, revealing possible international links and involving unqualified practitioners across multiple towns. The investigation has led to several arrests and the shutdown of a hospital.
'The US was well aware of the nationality of the seafarers on board the vessels. It was not hidden. The nationality of those aboard a merchant ship is known to all the ports.' 'So, why did US shoot a missile that resulted in the deaths of the Indian mariners?'
We who were dreaming of being the third largest economy in dollar terms, have slid back to sixth, thanks to the falling rupee. We are moving about with begging bowls for investments and trade opportunities, which will be a while in materialising, if ever, notes Shreekant Sambrani.
Uttar Pradesh Police have detained another person in connection with a kidney transplant racket, revealing a network with possible international connections and involving unqualified practitioners. The investigation spans multiple states and involves foreign nationals.
'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'
Unified Payments Interface (UPI) has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.
International water sports star Bilquis Mir has filed a contempt case against the Jammu and Kashmir sports department for withholding her salary for over two-and-a-half years, despite a tribunal order to release it.
These new tariffs were imposed by Trump on all countries, including India, on February 24 for 150 days following a Supreme Court verdict that struck down his earlier sweeping levies.
Punjab Police has dismantled the financial infrastructure of drug-trafficking networks, freezing assets worth Rs 300 crore linked to alleged drug smugglers.
A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.
The Enforcement Directorate (ED) has attached properties worth Rs 1.06 crore in connection with the 'Global Media App' fraud, an online earning platform that allegedly generated over Rs 45 crore through illicit means.
Motorola's latest Moto G37 duo arrives equipped with the capable MediaTek Dimensity 6400 processor and boots the fresh Android 16 platform straight out of the box.
RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.
Following regulatory action against Paytm Payments Bank Ltd (PPBL), Paytm strategically separated its core operations, a move praised by analysts for preserving business continuity and governance. This separation has enabled Paytm to sustain growth and improve profitability.
Grandmaster Abhijeet Gupta, frustrated by delays in receiving prize money for winning the Odisha Open, has been assured by the All India Chess Federation that the issue will be resolved and his dues cleared.
