News for 'payment'

NPCI Bhim Aims To Double Market Share

NPCI Bhim Aims To Double Market Share

Rediff.com20 May 2026

NPCI BHIM Services Ltd is expanding the BHIM app to feature phones to increase financial inclusion and diversify revenue through financial product distribution. The app aims to double its market share and is focusing on partnerships with banks and new features like UPI Circle.

'Why Did US Shoot A Missile Killing Indians?'

'Why Did US Shoot A Missile Killing Indians?'

Rediff.com13 Jun 2026

'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?'

Why FPIs pulled out Rs 43,000 cr in first week of June

Why FPIs pulled out Rs 43,000 cr in first week of June

Rediff.com7 Jun 2026

Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.

Telangana Cyber Security Officer Arrested In Bribery Case

Telangana Cyber Security Officer Arrested In Bribery Case

Rediff.com30 May 2026

A police inspector with the Telangana Cyber Security Bureau has been arrested by the Anti-Corruption Bureau (ACB) for allegedly demanding and accepting a bribe to protect the family and friends of an individual booked in a cyber fraud case.

Mizoram's 'Red Card' Scheme To Drink Alcohol

Mizoram's 'Red Card' Scheme To Drink Alcohol

Rediff.com5 Jun 2026

Mizoram has long maintained one of the country's strictest prohibition regimes.

How Persistent Systems Is Expanding In Eastern Europe

How Persistent Systems Is Expanding In Eastern Europe

Rediff.com1 Jun 2026

Persistent Systems announced an agreement to integrate a team from Concise, a software engineering and IT consulting company, to expand its Eastern European footprint.

30-member SIT to probe attack on ED officials in Kerala

30-member SIT to probe attack on ED officials in Kerala

Rediff.com2 Jun 2026

Kerala Police have formed a 30-member SIT to investigate the attack on Enforcement Directorate officials during a search operation at the residence of former Chief Minister Pinarayi Vijayan.

RBI Eyes Zero-Fraud Payments

RBI Eyes Zero-Fraud Payments

Rediff.com10 Jan 2026

The amount involved in banking system frauds surged to Rs 21,515 crore in the first half of FY26, up 30 per cent from the same period last year, even as the number of frauds fell 2.8 times to 5,092.

Kerala Police Warns Of New Mattress Cyber Fraud

Kerala Police Warns Of New Mattress Cyber Fraud

Rediff.com9 May 2026

Kerala Police have issued a warning about a new form of cyber fraud targeting people buying mattresses online. Fraudsters pose as fake customer care representatives of mattress companies and pressure customers into making immediate payments.

Govt Eyes Steps To Contain CAD

Govt Eyes Steps To Contain CAD

Rediff.com22 May 2026

'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.'

'Market Has Become Excessively Bearish On India'

'Market Has Become Excessively Bearish On India'

Rediff.com11 Jun 2026

'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'

Gurugram Traffic Police Seize Fortuner For Rs 83,000 In Unpaid Fines

Gurugram Traffic Police Seize Fortuner For Rs 83,000 In Unpaid Fines

Rediff.com30 May 2026

Gurugram Traffic Police impounded a Fortuner vehicle due to non-payment of traffic fines amounting to Rs 83,000. The action was taken during a special enforcement drive against motorists violating traffic rules.

Man Arrested In Odisha Bank Loan Fraud Case

Man Arrested In Odisha Bank Loan Fraud Case

Rediff.com28 May 2026

The Economic Offences Wing (EOW) of Odisha Police has arrested another person from Bhubaneswar for his alleged involvement in a bank loan fraud case worth Rs 6.88 crore.

How Delhi Police Cracked Interstate Cyber Fraud Ring

How Delhi Police Cracked Interstate Cyber Fraud Ring

Rediff.com27 May 2026

Delhi Police dismantled an interstate cyber fraud network involved in routing illicit funds through bank account kits, SIM cards, and ATM credentials, leading to the arrest of three key individuals from Haryana and Himachal Pradesh.

CPI(M) Condemns ED Raids On Kerala CM As Political Attack

CPI(M) Condemns ED Raids On Kerala CM As Political Attack

Rediff.com27 May 2026

CPI(M) leaders have strongly criticised the ED raids on former Kerala CM Pinarayi Vijayan and others, alleging political motivation and a conspiracy by the BJP and Congress. They claim the raids are an attempt to intimidate the party and its leaders, and have vowed to fight back against what they see as a politically fabricated case.

UPI Transactions Surge To 22.35 Billion In April

UPI Transactions Surge To 22.35 Billion In April

Rediff.com4 May 2026

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.

RBI Revives Plan for Polymer Banknotes to Boost Durability, Cut Costs

RBI Revives Plan for Polymer Banknotes to Boost Durability, Cut Costs

Rediff.com29 May 2026

The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.

India And UK Startup Ecosystems Explore AI Collaboration

India And UK Startup Ecosystems Explore AI Collaboration

Rediff.com2 Jun 2026

A delegation of Indian startup founders and leaders visited the UK to explore collaborations in artificial intelligence and technology, aiming to strengthen the India-UK innovation corridor.

UPI transactions dip 1.7% by value in April after record March

UPI transactions dip 1.7% by value in April after record March

Rediff.com2 May 2026

Unified Payments Interface (UPI) transaction value and volume saw a slight month-on-month dip in April after record highs in March, but daily transaction volumes increased, indicating sustained growth in digital payments across India.

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Gang that 'lured and sold' girls in Rajasthan for marriage busted with help of 150 CCTVs

Rediff.com5 Jun 2026

Lucknow Police have dismantled an inter-state gang involved in luring minor girls under false pretences and 'selling' them for marriage in Rajasthan, leading to three arrests and the recovery of two victims.

Eggs hurled at two arrested TMC councillors in Kolkata

Eggs hurled at two arrested TMC councillors in Kolkata

Rediff.com7 Jun 2026

In south-eastern Kolkata's Patuli, hundreds of residents gathered outside the local police station to protest against Councillor Bappaditya Dasgupta, who was arrested on Saturday evening, on charges, including extortion, criminal trespass, criminal intimidation and attempted arson.

CBSE chairman, secretary removed from positions after OSM fiasco

CBSE chairman, secretary removed from positions after OSM fiasco

Rediff.com2 Jun 2026

The chairman and secretary of the Central Board of Secondary Education (CBSE) have been removed from their positions following allegations of irregularities in the digital evaluation system for the class 12 examination process.

Rajasthan Man Nabbed For Online Shopping Fraud In Delhi

Rajasthan Man Nabbed For Online Shopping Fraud In Delhi

Rediff.com13 May 2026

Delhi Police have arrested a man from Rajasthan for allegedly running an online shopping fraud racket, cheating people through fake social media advertisements offering discounted branded suits and sarees.

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

LDF govt left Rs 5 lakh cr liabilities, says Kerala CM on tabling white paper

Rediff.com4 Jun 2026

Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.

Why Paytm Is Not Pursuing An NBFC Licence

Why Paytm Is Not Pursuing An NBFC Licence

Rediff.com7 May 2026

Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.

Cash In Circulation Hits Record Rs 42.86 Trillion

Cash In Circulation Hits Record Rs 42.86 Trillion

Rediff.com22 May 2026

Cash remains dominant for many transactions despite continued expansion in digital payments across the country.

Manpower Firm Executives Arrested In Chhattisgarh Overtime Scam

Manpower Firm Executives Arrested In Chhattisgarh Overtime Scam

Rediff.com5 May 2026

Seven individuals, including senior executives from manpower firms, have been arrested in connection with alleged irregularities in overtime payments within the Chhattisgarh State Marketing Corp Ltd (CSMCL) during the previous Congress administration. The arrests follow an investigation into fraudulent billing practices and misappropriation of funds.

Vegetable Vendor Beaten To Death Over Rs 10 Dispute In Haryana

Vegetable Vendor Beaten To Death Over Rs 10 Dispute In Haryana

Rediff.com27 May 2026

A vegetable vendor in Haryana's Karnal was beaten to death, and his daughter injured, after a dispute over Rs 10 escalated into a violent attack.

UPI Transactions Soar To 314 Lakh Crore In FY26

UPI Transactions Soar To 314 Lakh Crore In FY26

Rediff.com30 Apr 2026

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.

 Weakness Unlikely To Trigger RBI Rate Hike

Weakness Unlikely To Trigger RBI Rate Hike

Rediff.com3 Jun 2026

'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'

American Citizen Arrested Trying To Illegally Cross Into Nepal

American Citizen Arrested Trying To Illegally Cross Into Nepal

Rediff.com30 May 2026

A US national was arrested in Maharajganj, Uttar Pradesh, while allegedly attempting to cross illegally into Nepal. The individual, identified as Phelan Travis Anthony, had overstayed his visa in India and was trying to evade legal proceedings.

Delhi Court Convicts Man, Mother In Dowry Death Case

Delhi Court Convicts Man, Mother In Dowry Death Case

Rediff.com1 Jun 2026

A Delhi court has convicted a man and his mother in a dowry death case after his wife died by suicide within seven years of marriage, citing a pattern of dowry-related harassment and demands.

Centre notifies draft rules for VB-G RAM G rollout

Centre notifies draft rules for VB-G RAM G rollout

Rediff.com23 May 2026

The Centre has notified draft rules for the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, outlining the framework for the new rural employment programme replacing MGNREGA. The draft rules are open for public feedback until June 21, 2026.

How EPFO's UPI Integration Will Benefit Subscribers

How EPFO's UPI Integration Will Benefit Subscribers

Rediff.com19 May 2026

The Employees' Provident Fund Organisation (EPFO) will soon allow subscribers to withdraw their EPF and transfer it directly to their bank accounts through the UPI payment gateway. Testing of the facility has been completed, according to Labour Minister Mansukh Mandaviya.

Labour Codes Enter Implementation Phase

Labour Codes Enter Implementation Phase

Rediff.com19 May 2026

A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.

Palghar Brick Kiln Owner Faces Charges For Forced Labour

Palghar Brick Kiln Owner Faces Charges For Forced Labour

Rediff.com15 May 2026

A brick kiln owner in Palghar district has been booked for allegedly forcing a tribal labourer to work against his will after the labourer sought to return to his village to build a house sanctioned under a government scheme.

Why ED Raided Pinarayi Vijayan's Residence

Why ED Raided Pinarayi Vijayan's Residence

Rediff.com27 May 2026

The Enforcement Directorate conducted searches at the residences of former Kerala chief minister Pinarayi Vijayan and his family members as part of its money laundering probe linked to the CMRL case involving his daughter.

MP Man Held In Multi-Crore Amity University Fraud Case

MP Man Held In Multi-Crore Amity University Fraud Case

Rediff.com30 May 2026

Delhi Police have arrested a man from Madhya Pradesh in connection with a multi-crore bank fraud case involving forged cheques and fraudulent withdrawal of funds from an Amity University account.

How Gujarat Police Cracked Down On Cyber Fraud

How Gujarat Police Cracked Down On Cyber Fraud

Rediff.com1 Jun 2026

Gujarat police have uncovered cyber frauds worth Rs 2,289 crore and arrested 638 individuals as part of 'Operation Mule Account 1.0', a state-wide crackdown on online criminals launched in 2025.

Paytm Turns Profitable, Focuses On AI Integration

Paytm Turns Profitable, Focuses On AI Integration

Rediff.com7 May 2026

Fintech giant Paytm reports a consolidated profit of Rs 183 crore in Q4 FY26, marking a significant turnaround driven by its core payments business, growth in loans, and consumer-side profitability. The company is also prioritising investments in AI and has ruled out applying for an NBFC licence.