India’s digital payment landscape has evolved at an unprecedented pace over the past decade. The introduction of the Unified Payments Interface (UPI), increasing smartphone penetration, and government-led initiatives like Digital India have revolutionized how people transact. As India moves towards a…
Regulating Cross-Border Payments: Understanding RBI’s Payment Aggregator (PA-CB) Framework
In October 2023, the Reserve Bank of India (RBI) introduced a comprehensive framework to regulate entities facilitating cross-border online payment transactions for the import and export of permissible goods and services. These entities are designated as Payment Aggregators – Cross Border…
Central Bank Digital Currency (CBDC): The Future of Money?
The concept of Central Bank Digital Currency (CBDC) has gained significant traction in recent years as digital transactions and fintech innovations reshape the global financial landscape. Governments and central banks worldwide, including the Reserve Bank of India (RBI), are exploring or…
Credit Cards in India: Growth, Trends, and Future Prospects
Credit cards have become an integral part of India’s financial ecosystem, offering consumers convenience, rewards, and financial flexibility. With increasing digital adoption, rising disposable incomes, and evolving consumer spending habits, the Indian credit card market is experiencing significant growth. In recent…
The Indian UPI Market: Revolutionizing Digital Payments
India’s digital payment landscape has undergone a remarkable transformation, with the Unified Payments Interface (UPI) emerging as the driving force behind the country’s cashless economy. Launched by the National Payments Corporation of India (NPCI) in 2016, UPI has become the backbone…