Payments Council Of India

While a similar request was made a year ago, people in the know say this time around the regulator may be more amenable to trying out small-ticket lending through payments banks, as most posted net profits in FY24. Payments banks also seek a wider berth to deploy their liabilities.

Payments Council launches common icon library for uniformity, fraud prevention

Project Pratima lays down the design principles and basic guidelines to make icons easily recognisable and accessible to users across platforms of the members of the Payments Council of India.

Exempt payment aggregators from bank account norm in digital lending: Payments Council to RBI

The Reserve Bank of India's (RBI) digital lending norms mandated that loan disbursals and repayments should be made to and from the borrowers and the RBI-registered lender's accounts, without passing through any third party accounts.

Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive

Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

India to contribute 2.2% to global digital payments market by 2023

Unified Payments Interface (UPI), Bharat QR and mobile wallets have ensured last-mile connectivity, covering small merchants, tea sellers and even hawkers, the report said.

Payments industry body warns scrapping MDR will kill them

The move is contrary to various studies, including the Reserve Bank's vision document released not so long ago, the Payments Council of India said in a statement July 8.

Digital payments worth Rs12,599 cr made in Apr-July: Report

In terms of volume, 241.24 million transactions were completed in the first four months of the ongoing fiscal as against 314 million transactions in 2014-15 through prepaid payment instruments, the report said.