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Friday, January 16, 2026

Tag: payment systems

RBI Mandates Explicit Customer Consent for Digital Banking

New RBI guidelines require banks to obtain explicit consent for digital services while ensuring customer choice and robust security measures.

RBI, ECB Launch UPI-TIPS Cross-Border Payment Link Initiative

India and Eurozone partner to enable instant cross-border payments through UPI-TIPS linkage, revolutionizing remittances between regions.

UPI Hits Record 20.7 Billion Transactions in October 2025

India's UPI payments system breaks records with 20.7 billion transactions in October and crosses 750 million daily transactions for the first time.

Digital Payments Hit 99.8% of All Transactions in India: RBI Report

UPI processes 10,637 crore transactions as digital payments dominate India's financial landscape with 99.8% volume share in H1 2025.

India’s Digital Payments Hit 99.8% of Retail Transactions in Q1 FY26

UPI, AePS and IMPS dominate as digital transactions account for 99.8% of India's retail payment volume, with cheques becoming nearly obsolete according to latest report.