DIGITAL PAYMENTS INDIA
It is still a dream in US: From food to grocery to maid, NRI stunned with fast, affordable services in India. Gets blown away by Delhi-Dehradun expressway
A visitor from the United States was surprised by India's rapid grocery delivery, affordable home help, and instant digital payments. He also experienced a swift highway drive. These conveniences, ordinary to many Indians, felt extraordinary to him. This experience revealed a significant shift in the quality of life through time-saving and accessible services.
Razorpay set for confidential IPO filing; valuation may fall to around $5 billion
The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict.
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
Regulations slow growth but reward patient founders: Razorpay’s Harshil Mathur at YC Startup School
Razorpay CEO Harshil Mathur highlighted the advantages of operating in regulated spaces, noting the company's explosive growth in India's payments market, now exceeding $180 billion in volume. He shared early challenges, including a bank pulling support, but emphasized how adaptability, like embracing UPI, fueled their success, especially during the pandemic's D2C boom.
Financial resilience must include India’s credit-invisible workforce
India's strong digital finance infrastructure faces a challenge. Many informal workers lack financial resilience due to volatile incomes and limited savings. Global disruptions increase their budget stress.
Saturday bank holiday today: Are banks open or closed today on April 18, 2026?
Bank holiday today: According to the RBI holiday calendar, banks are closed only on the second and fourth Saturdays. While branch services may be limited, digital banking channels remain accessible for routine transactions.
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Visa's likely to appoint Suresh Sethi as India head
Visa is reportedly appointing Suresh Sethi, former CEO of Protean eGov Technologies, as its new India country head. Sethi, with extensive experience in banking and tech, succeeds Sandeep Ghosh. This leadership transition occurs as Visa intensifies its focus on digital payments and regional partnerships, aiming for continued growth and innovation in the Indian market.
Digital gold offers on Akshaya Tritiya 2026: Check offers on Paytm, PhonePe, JioFinance; how to buy gold from home
Akshaya Tritiya 202: Akshaya Tritiya on April 19, 2026, sees a surge in digital gold purchases. Platforms like PhonePe, JioFinance, and Paytm offer convenient ways to invest in 24K gold, bypassing crowded stores and storage concerns. These apps allow easy buying, selling, and even physical gold delivery options.
ET Family Business Awards: Allcargo Group is redefining logistics with digital innovation
Allcargo Group is transforming logistics with digital innovation. The company uses IoT and AI to improve efficiency and customer service. Its online platform, ECU360, offers seamless global access. Allcargo's digital strategy is driving growth and competitiveness. This approach is making the company a future-ready leader in the logistics sector.
CBSE two exam system 2026: Check eligibility for second board exam, direct link, how to apply, fee payment and other key details here
CBSE introduces two exam: The CBSE second board examination scheme rolled out for Class 10 students will be rolled out in the 2026 cycle in May. According to CBSE, students who want to appear for the second exam must have given the first board examination. If a student has not appeared in three or more subjects in the first examination, then he/she is not eligible to appear in the second examination.
India’s gig economy boom must start working for the women behind it
Female gig workers face challenges like limited mobility and financial access. Initiatives providing affordable asset finance and tailored savings products are crucial. These interventions empower women, increasing their income and job opportunities. Scaling these solutions can unlock the full potential of India's female gig workforce, fostering economic security and inclusivity for a brighter future.
Paytm’s cap table turns Indian: What changes now?
Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This shift is driven by increased participation from domestic institutional investors (DIIs).
Banks, asset management firms, stock brokers set to be shareholders in Sahamati
Banks, NBFCs, brokers and fintechs are investing in Sahamati, with major lenders and platforms taking nearly 2–8.5% stakes. The move aligns with RBI’s SRO framework for the AA ecosystem, positioning Sahamati as a potential regulator-like body with stronger oversight and industry-wide participation.
Gulf storm: India should be evaluated as a strategic locational hedge for co-sharing GCC data centre infra
Recent attacks on cloud data centers in West Asia highlight a new geopolitical risk. Hyperscale providers are now reassessing their global infrastructure. India offers a secure and stable environment for data center expansion. Its robust policies and existing ties with the Gulf region make it a natural strategic partner.
Music to ears: Give quality, will pay
Indian consumers are starting to pay for quality. Gen Z listeners are switching to paid music streaming subscriptions. This trend is pushing the industry to offer better value. It is also cleaning up piracy. The ad-based free music model is shrinking. Consumers prefer tech-enabled discovery. This shift offers a lesson for other sectors like digital publishing and home entertainment.
Jio, Bank of Baroda tie up for enabling banking access from feature phones
Bank of Baroda and Reliance Jio are shaking up the mobile banking landscape by rolling out services tailored for feature phone users. Their new 'bob World Lite' app, set to debut on JioPhone Prima 4G devices, marks a significant step toward digital equality in India.
Cashfree Payments appoints former Visa executive Sameer Gandhi as CFO
Cashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer, bringing over two decades of experience from global financial institutions. Gandhi's expertise will drive the company's financial strategy as it aims for accelerated growth and profitability. His addition comes after Cashfree Payments secured $53 million in a recent funding round.
Cashfree appoints ex-Visa finance head Sameer Gandhi as its new CFO
Bengaluru payments processor Cashfree has appointed Sameer Gandhi as its new Chief Financial Officer. Gandhi previously led finance at Visa India. He will now guide Cashfree's financial strategy and enhance commercial operations. This move supports the company's aim for accelerated growth and profitability in the coming quarters. Cashfree processes over $80 billion in transactions annually.
India’s data centre market to reach $22 billion by 2030
India's data centre market is set for massive growth, expected to reach 22 billion dollars by 2030. This expansion is fueled by cloud computing and artificial intelligence. Significant investments are flowing into the sector, with foreign investors leading the way. Government incentives and cost advantages are making India a prime location for data infrastructure development.
From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolution
In the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions valued at nearly Rs 285 lakh crore in FY26 (April-February). Besides India, it is live in eight countries and has rolled out innovations such as ATM withdrawals and Lite payments. While policy initiatives, like MDR waivers and the Payments Infrastructure Development Fund, have deepened reach, value-added services are expected to drive the next growth phase.
From trusted persons to kill switch: 6 ways how RBI is planning to safeguard your online payments
Amidst rising online fraud, the RBI proposes enhanced digital payment security. Key measures include a one-hour wait for new payees and high-value transfers, an optional 'trusted person' approval for vulnerable users, and an emergency 'kill switch' to block all digital transactions.
Fintechs clash in cross-border payments; TCS closes FY26 strong
Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech Morning Dispatch.
India mulls payment lags, checks for senior citizens as digital fraud rises, RBI paper shows
The Reserve Bank of India is proposing new rules to combat rising online fraud. High-value digital payments may face a one-hour delay. Extra checks are planned for transactions by citizens aged 70 and above. These measures aim to protect customers from sophisticated scams and financial losses. The central bank is seeking public feedback on these proposals.
RBI proposes one-hour delay on high-value digital transfers to curb fraud
The Reserve Bank of India is proposing new rules to fight digital payment fraud. These include delays for certain bank transfers and extra checks for senior citizens. Customers will get a 'kill switch' to freeze all digital payments instantly. These measures aim to protect people as digital payments and fraud cases surge.
RBI may soon make you wait an hour before your UPI transfers goes through
The Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large transactions above ₹10,000. This aims to break fraudsters' psychological hold on victims. Other options include trusted person authentication for seniors and disabled individuals, and a 'kill switch' for digital payments.
Visa's India, South Asia head Sandeep Ghosh to quit
Sandeep Ghosh, Visa's India and South Asia head, is stepping down after more than four years to pursue an external opportunity. His departure occurs as the payments company intensifies its focus on digital payments and regional partnerships. A successor has been identified and will be announced shortly to ensure a seamless transition.
How UPI can make India an architect of global financial connectivity
India's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the speed, affordability, and clarity of international transactions. This groundbreaking approach promises to elevate trade and remittances, reinforcing India's stature in the global economy.
Pine Labs’ Navin Chandani steps down as president, CBO of issuing business
The resignation is effective April 6, 2026, and no successor has yet been named. In his resignation letter, Chandani said he is leaving to ‘pursue career opportunities outside the company.' The company has, however, not yet named a successor.
From Indian temples and bazaars to taxis: German traveller amazed by India’s ‘ting ting’ payment system, calls it pure magic
A German tourist was impressed by India's seamless digital payment system, where QR codes enable quick, cashless transactions for everything from temple offerings to taxi fares. He highlighted how smartphones have replaced cash and cards, making everyday purchases effortless and universally accepted across the country. This experience left a lasting impression, showcasing India's advanced digital infrastructure.
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