India ends free ride for larger transactions on its ubiquitous digital payments network
India will impose a 0.4% merchant fee on certain payments made through UPI starting October 15.
NPCI
Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
UK-based Aspora, which has focused on remittances, will let non-resident Indians pay bills back home.
India pilots AI chatbot-led e-commerce with ChatGPT, Gemini, Claude in the mix
India has launched a pilot to let users shop and pay directly through AI chatbots, starting with ChatGPT.