The FinTech Hub
Source: Live Mint Following an NPCI circular dated April 26, response time of UPI transactions is seen to be reduced from 30 seconds to 15 with effect from June 16. National Payments Corporation of India (NPCI) had issued a circular in April telling banks to ensure that the response time is reduced as per the…
Source: Live Mint In May 2025, UPI transactions saw 33 percent jump in the number of transactions year-on-year and 23 percent growth in value terms. Overall, the number of UPI transactions stood at 18.68 billion in May 2025 amounting to ₹24.77 lakh crore. What looks like a promising growth of digital transactions in terms of quantity…
Source: Live Mint In a country of 1.4 billion people, developing the worldwide normalcy of digital banking through India’s Unified Payments Interface (UPI) has been nothing less than transformational. UPI processed an unprecedented 19.78 billion transactions in March of 2025 for a total value of ₹24.77 trillion. The digital payment narrative in India is shifting…
Source: Live Mint MUMBAI : In a significant move to strengthen the digital payment security framework, the Reserve Bank of India (RBI) has proposed to enable additional factor authentication (AFA) for international card-not-present (CNP) transactions. The move aims to provide Indian consumers with an additional layer of security when dealing with foreign merchants, ensuring a…
Source: Live Mint Your credit cards consist of a three digit security number which is known as a CVV (Card Verification Value). Often overlooked, the CVV plays a significant role in ensuring the security of your transactions. This number prevents unauthorized payments and also saves you from scams. Let us understand what CVV is and…
Source: Live Mint Since the rise of digital payments, protecting credit card information in transactions is much more important than before. Security risks, that include phishing, bullying, hacking attacks and data losses, are real threats to financial security. Hence, it is extremely important to keep your credit card data secure at all times. Let us…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Business Standard 4 min read Last Updated : Sep 30 2024 | 11:38 AM IST The income tax department has extended the deadline for submitting various audit reports for the assessment year 2023-24 to October 7, 2024. The original deadline was September 30, allowing taxpayers additional time to fulfil their compliance obligations. …
Source: Live Mint (ANI)- India’s digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year (YoY) in FY 2023-24, according to a new report by PwC. The report projects that the industry will experience threefold growth, with transaction volumes set to rise from 159 billion in FY 2023-24…
