Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Payments.
In July, The Head and Tale had exclusively reported that Paytm's payment aggregator unit had applied for a fresh wallet licence.
The new consolidated framework tightens cybersecurity obligations for non-bank payment operators, mandating annual system audits and faster reporting of cyber incidents.
NTSL will focus on emerging technology areas beyond NPCI's core payments business, including artificial intelligence.
The service will be available to users across India, including those who are not existing Fibe customers.
MobiKwik's net profit stood at Rs 11.8 crore in Q2 FY27, compared to a net loss of Rs 28.6 crore in the year-ago quarter.
With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
The approval follows Navi’s announcement in August 2026 that it had raised $100 million from Prosus in its first institutional funding round.
The company’s total expenditure increased 16% to Rs 770 crore during the quarter from Rs 662 crore in the year-ago period.
Paytm also said that there will be a "potential upside" of merchant discount rate (MDR), which is expected to be implemented after Diwali.
Digital gold purchases value via UPI increased to Rs 2,585.35 crore in September from Rs 2,488.52 crore in August.
The UPI MDR rollout, which was announced from October 15, will be implemented post Diwali.
![UPI MDR Delay: PhonePe meets govt officials; NPCI Steering Committee Meeting cancelled today [Exclusive]](/upload/theheadandtale.com/2026/10/1791547094_aa1c7337de_upi_2.jpg)
With NPCI also holding meetings with government departments, uncertainty over the October 15 rollout continues, sources say.
The proposed introduction of a Merchant Discount Rate (MDR) on UPI transactions, which was starting from October 15, is likely to be deferred to January.
While India has spent a decade trying to make money move without paper, the face of Gandhi on the currency note remains as relevant as ever.
In August, PhonePe accounted for a 45.64% share of UPI transaction volume, followed by Google Pay at 32.26% and Paytm at 8.03%.
Apple has also worked closely with other payment service providers (PSPs) like BillDesk, Cashfree, Juspay, Mswipe, Paytm and Pine Labs to bring Apple Pay to their merchant networks in India.
"Apple Pay is launching on Wednesday, starting with supporting credit cards from Axis Bank," one of the sources said.
AutoPe Payment Solutions earlier used to run and manage IRCTC's i-Pay offering. The mandate is now won by another payments company.
With the latest approval, PayGlocal plans to strengthen its international payments infrastructure from GIFT City while continuing to build its technology and operational capabilities in India.
