PAYMENTS
Nicki Minaj's $20 million Hidden Hills mansion nearly went to auction over a $503,318 debt before her last-minute payment
Nicki Minaj narrowly avoided a forced sale of her $20 million Hidden Hills mansion after paying a $503,318 court judgment on January 22, 2026. The payment came just before a judge was expected to decide whether the California property could be auctioned to recover the money owed to a former security guard.
AvenuesAI Q2 revenue jumps 47% as AI-first fintech transformation gathers momentum
AvenuesAI reported a steady set of second-quarter FY27 numbers, with the company continuing to build momentum behind its broader transformation from a payments gateway-led business into an AI-first financial technology infrastructure platform.
IndusInd Bank customers can now send money abroad in 123 currencies through J.P. Morgan tie-up
IndusInd Bank has teamed up with J.P. Morgan Payments to elevate their outward remittance capabilities. This partnership enables customers to transfer money globally in 123 currencies with local-currency settlements. By integrating the Xpedite solution, the bank aims to simplify international transactions and plans to enhance online and mobile banking offerings for a more user-friendly experience.
Beyond payments: Here is how Adyen is helping Prism globally through its unified payments platform
As Indian enterprises branch out to international markets, a fragmented payments ecosystem, non-compatible with the local payment rails, can be a major roadblock. PRISM’s journey to global markets, and its partnership with Adyen, highlights how a unified payments platform can mitigate the pain points and help businesses integrate local payment experiences with global scale seamlessly. Read on!
Cashfree opens checkout to AI agents, leaves final say with shoppers
Cashfree has introduced Checkout for Agents, allowing AI agents to assist with online payments. This feature utilises WebMCP technology to simplify the checkout process for AI shopping assistants. Customers still maintain control over final payment authorisation and sensitive information is protected. While AI agents currently represent less than 1% of checkout traffic, Cashfree aims to enhance their efficiency. The company limits agent access to sensitive payment steps to ensure security.
AISTA seeks 35% hike in minimum selling price of sugar to Rs 42/kg , backs government cane FRP
AISTA has urged the government to raise the minimum selling price of sugar amid ongoing protests by farmers. The association supports the current fair and remunerative price for sugarcane set for the 2026-27 season. Stakeholders had previously accepted this price, according to AISTA Chairman Praful Vithalani. Additionally, they have proposed a new payment system for farmers and seek loan relief for ethanol projects.
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Welfare pay can't be voter ID-linked
Union panchayati raj minister Rajiv Ranjan Singh announced plans to replace Aadhaar with voter ID numbers for welfare programs. This change would shift the basis for beneficiary identification and payment processing. Critics argue that voter ID is not a universal form of identification and is tied to electoral registration. The proposed switch raises concerns about access for those not on electoral rolls.
NPCI defends MDR charges in SC, says merchants can't pass on them to customers
The top court on September 28 had sought responses from the Centre and others, including the NPCI, on a petition challenging the decision to impose an MDR on specified UPI person-to-merchant transactions above Rs 2,000.
Trump’s $5,000 stimulus check promise faces a big question after Democrats take control of the House and Senate: Will Americans still get the tariff-funded payments?
For Americans who were counting on Donald Trump’s promised $5,000 payment, the midterm election result has raised a big question; will the money still arrive? Trump had promised every adult US citizen a $5,000 check if Republicans retained control of both the House and Senate. That condition has now fallen apart. Democrats have won the Senate and are close to securing a House majority.
UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey finds
Payments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switch to cash transactions if additional costs are imposed by suppliers. Awareness of the framework varies among vendors in different city tiers, affecting their payment acceptance practices. A significant percentage of Tier 1 vendors are likely to pass on additional charges to customers.
Indian travellers in Dubai can get up to AED 100 off at Dubai Duty Free using UPI
Indian travellers can now enjoy a 10% discount at Dubai Duty Free by using India's UPI for payments. This initiative, introduced by NPCI International, simplifies transactions for shoppers while eliminating the need for cash. With this exclusive offer, Indian visitors can experience a more rewarding shopping journey in Dubai, enhancing the convenience of their travel experience.
Over half of street vendors may cut UPI acceptance if 0.4% MDR is introduced: ISB study
More than 67% of street vendors in India currently accept UPI payments for transactions. A proposed 0.4% merchant discount rate could lead to reduced acceptance among vendors. Concerns arise particularly for vendor-supplier transactions, as many vendors make payments above ₹2,000. A significant portion of vendors faced additional charges from suppliers and might pass costs onto customers.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will focus on advancements in AI, blockchain, and digital financial infrastructure. Vishal Kanvaty has been appointed as the managing director and CEO of the subsidiary. NTSL aims to enhance capabilities beyond NPCI's core payments responsibilities. The initiative highlights India's commitment to developing its banking and financial services technology landscape.
India's payments authority NPCI forms unit to push into AI, blockchain tech
The payments authority's chief technology officer Vishal Kanvaty, who has been associated with NPCI for nearly a decade, has been appointed the managing director and CEO of NTSL, it said.
OneStack raises Rs 12.5 crore to take cooperative banks deeper into UPI ecosystem
OneStack, a fintech provider, secured ₹12.5 crore funding to enhance cooperative bank participation in UPI payments. The funding will help expand services among cooperative banks and NBFCs while developing compliance offerings. Partner banks can now act as UPI issuers and acquirers, which improves revenue opportunities. This shift allows banks to maintain direct relationships with customers and merchants while managing transaction data.
SC to decide forum for Google billing disputes
Questioning the app developers on whether their contracts with Google allowed them to opt out of its payment system and engage other payment service providers, a bench comprising Justices PS Narasimha and Alok Aradhe said that the commission, being a market regulator, ensured that goods and services were distributed effectively without exploitation. But for contracts where there was a promise and agreement in existence, its enforcement could be sought in a civil court only, it said.
Kaspersky flags QR code payment scams as a key cyber risk for Indians travelling to Indonesia
As more Indian tourists move to Indonesia, Kaspersky's cybersecurity experts are sounding the alarm on rising online threats. They point out that travellers should be particularly careful about things like fake QR codes and phishing attacks, which are becoming more common. It's crucial for tourists to stay vigilant to protect themselves from these digital dangers.
Who gets Social Security tomorrow, November 3? Is your payment COLA-adjusted, and how much will beneficiaries receive in November?
Social Security payments begin November 3 for beneficiaries who started collecting before May 1997. Other recipients will receive benefits on November 10, 18 or 25, depending on their birthdays. Veterans Day shifts the first birthday-based payment forward by a day, while SSI recipients received November's payment early, on October 30, because November 1 falls on Sunday.
Social Security November payments twist: Millions of Americans could see an unexpected change to their Wednesday checks this year
Mark your calendar if you were born between the 1st and 10th. Your Social Security payment for November will arrive on Tuesday, November 10, not Wednesday. Veterans Day falls on November 11, a federal holiday with banks shut. This is the only date change in 2026.
MobiKwik expects MDR on UPI to add Rs 100 crore to payment revenue in FY28
On its second-quarter earnings call, the company’s management said the implementation of UPI MDR would improve payment unit economics and create a more level playing field for players, shifting competition towards product, technology and service rather than the ability to burn capital.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
Digital payments firms race to fortify defences as cyberattacks intensify
At Bengaluru-based Cashfree, attempted attacks have been taking place repeatedly over the past three weeks, occurring at least 10 times as frequently as a year ago, chief technology officer Ramkumar Venkatesan told ET. Attackers are increasingly combining multiple vulnerabilities to attack systems, he said.
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday payments
Offshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrutiny of the RBI and Financial Intelligence Unit. Several users have reported card deactivations in recent days, while authorities are understood to be examining potential violations of payment regulations and FEMA.
AB InBev sets aside $30 million for unpaid Telangana dues as delayed payments squeeze brewers
Anheuser-Busch InBev has earmarked $30 million for overdue payments from the Telangana government. This situation highlights the challenges in India's controlled alcohol market, characterized by delayed payments. Furthermore, the Telangana government owes nearly $400 million to alcohol companies, prompting industry criticism. United Breweries previously halted supplies due to operating losses and overdue payments in Telangana.
UPI payments expanded to online bookings at tourist attractions in UAE, Singapore
Indian travellers can now use UPI apps to book tickets online for major attractions in the UAE and Singapore, including Burj Khalifa's At the Top and Resorts World Sentosa. NPCI International has partnered with local payment providers to enable the facility, expanding UPI's international footprint across 10 countries.
'Height of insanity:' Trump ends VA mortgage rescue program; 15,000 veterans face higher payments, 700 see $1,000 hike
After the discontinuation of the Veterans Affairs Servicing Purchase program, many veterans are encountering significantly higher mortgage payments. Over 15,000 veterans have experienced payment increases of at least $150 due to loan modifications. More than 700 veterans have reported payment hikes exceeding $1,000 monthly, creating financial distress. The decision to end the program has left veterans with fewer options to manage their mortgages.
PNB credit card changes from November 1, 2026: Bank to revise Visa, RuPay card charges for ATM withdrawals, late payment fees, utility bill payments and more
Punjab National Bank will implement revised charges for credit card services on November 1, 2026. Changes will include increased fees for cash withdrawals and late payment charges for different outstanding amounts. Additionally, duplicate statement requests will incur a fee after three months, and reward point redemptions will now cost Rs 99. Utility bill payments exceeding Rs 50,000 will also attract a new fee of 1%.
ET AI Business Transformation Masterclass & Awards: Inside the future of agentic payments
Synopsis: AI tools are all set to perform tasks that go beyond answering questions or making recommendations. A live demonstration at the ET AI Business Transformation Masterclass and Awards 2026 will show how AI agents can make UPI payments through P3P without manual intervention, and what this could mean for the way people make digital payments and business transactions in the future.
Supplemental Security Income checks arrive October 30: Who gets the November payment early? Here's what recipients need to know
Supplemental Security Income payment: SSI recipients will receive their November 2026 payment on October 30, ahead of the usual monthly date. Since November 1 falls on a Sunday, the deposit is arriving early. Here's who qualifies for the payment and why recipients should not expect an extra check.
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