For years, we have heard everyone lament the fact that Pakistan is cash-driven and lacks digitisation in payments. On the surface, it appears to be true, as only the big retailers have point-of-sale ...

National Payments Corporation of India (NPCI) has released a new circular to deal with handling of deemed approval status in UPI for peer to merchant transactions where acquiring payment service ...

The adoption of digital payments in Pakistan's retail sector, which began to gain traction a decade ago in India, requires a clear roadmap and coordinated efforts among all stakeholders. This will ...

Pakistan’s central bank has deployed the person-to-merchant (P2M) online payment option on its instant payment system, Raast, which is a step forward towards reducing the use of cash, documenting and ...

UPI accounted for 82.84% of all digital payment volumes that took place in 2024, according to the Reserve Bank of India’s (RBI) Payment Systems Report for December 2024. The total UPI transaction ...

In 2023, unsecured loans (personal loans and credit cards) were growing at a faster pace. Taking note of the high growth and to avoid an increase in the banks' NPAs, the RBI increased the risk weights ...

India’s P2M payment volume in July this year stood at 299.92 crore involving Rs 2,30,725.92 crore (Rs 2.30 lakh crore), as per data from NPCI. Credit and finance for MSMEs: With UPI being a big ...

India’s P2M market is likely to reach Rs 84 lakh crore by FY25 from around Rs 18 lakh crore in FY19 with Paytm, PhonePe, Google Pay, etc., among prominent players. Credit and finance for MSMEs: 20.57 ...