This Diwali, India’s Unified Payments Interface (UPI) hit a new milestone with record transactions worth Rs 1.02 lakh crore in a single day. October saw an average of 695 million daily UPI transactions, up 6% from September. Festive spending combined with lower GST rates boosted digital payments across e-commerce and retail, reflecting the growing adoption of cashless transactions nationwide.

Diwali Sparks Record Rs 1.02 Lakh Crore UPI Transactions | Digital Payments Soar

“Buy now, pay later”…the new payment method sounds like a win-win. Like you can pay later for something with any stress. But there’s a catch—it leads to split payments that can turn simple purchases into debt. Here’s what you need to know before clicking that button.

What is buy now, pay later & how does it work?

India News: This was the third time India’s most widely used digital payment system was hit in three weeks, after March 26 and April 2, disrupting transactions and frustrating users.

UPI services hit by third outage in three weeks, thousands of users report difficulties

UPI is one of India's great success stories. It is now one of the top payment methods in the country. To improve user experience, the National Payments Corporation of India (NPCI) has announced some new changes to the UPI services. Under the new rules, if you have a UPI account that you haven't used for a while or linked to an inactive mobile number, then you may soon not be able to use the UPI ID. Watch in for more details!

UPI payments to be blocked on inactive mobile numbers from April 1

Elon Musk's Dogecoin adopts an 'AI-first' strategy, sparking discussions on whether this approach can streamline operations and ultimately save taxpayers money. The move marks a bold step in integrating artificial intelligence into cryptocurrency, potentially impacting both markets and government spending.

Musk's DOGE adopts 'AI first' strategy: will it help save taxpayers money?

Elon Musk states that DOGE (Dogecoin) is causing delays in Treasury payments to U.S. contractors, raising concerns about cryptocurrency's impact on government financial systems and transactions.

Elon Musk claims DOGE halting treasury payments to US contractors

Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to skirt Western sanctions imposed after Russia's invasion of Ukraine.

Russia to allow crypto for payments in International Trade

The rise of zombie companies poses a significant threat to the global economy as $1.1 trillion in debt repayments looms worldwide. An associated press analysis reveals nearly 7,000 publicly traded companies, including 2,000 in the United States, are struggling under the weight of cheap debt accumulated over the years.

Zombie companies struggle to make interest payments

Elon Musk's X has allegedly given subscription perks to designated terrorist groups as well as others who have been barred from operating in the United States, according to a report published by Tech Transparency Project (TTP).

Elon Musk's X received payments from terrorists, claim campaigners

UPI or unified payments interface payments system, India's digital payments platform, has now crossed the landmark of 10 billion transactions. The journey from zero to 10 billion transactions has been a fascinating one.

UPI crosses 10 billion transactions

Unified Payments Interface, or UPI, is without a doubt the Indian invention that has garnered the most attention worldwide. Prime Minister Narendra Modi's statement at the just finished BRICS meeting, "UPI is used at all levels, from street vendors to large shopping malls," provides a clear indication of UPI's pride in India's success story. India has the largest percentage of digital transactions today out of all nations.

UPI goes global as several countries accept it for payments

The European Union on Wednesday proposed injecting more competition into the payments sector, giving legal backing to a digital euro, and preserving the role of cash as fewer people use coins and notes.

EU proposes payments sector shake-up, legal backing for digital euro

SCO nations have adopted India's proposal for developing digital public infrastructure (DPI), according to Union Minister for Electronics & Information Technology Ashwini Vaishnaw.

Leading the way for world: India's proposal for digital public infra adopted by SCO members

DWP Cost of Living payments 2023: In 2023, more than eight million houses in the United Kingdom will get a payment of £900. The cost of living crisis in the United Kingdom continues to thin people's finances.

DWP Cost of Living payment UK 2023: Dates, Requirement & Eligibility, check how much amount you'll get in 2023

The Indian banking system played a vital role in shaping the economy of the country. The banking system came into existence before India got independence in 1947.

India@75: From money lenders to digital payments, how the Indian banking system was transformed

In the US, Gucci, the luxury brand of Italy, will start accepting payments carried out in cryptocurrencies in some stores, said media reports. The payments will be allowed in some cryptocurrencies like Bitcoin, Ethereum and Litecoin, a BBC report said.

In some US stores, Gucci to accept payments in cryptocurrencies soon

The US has frozen the foreign currency reserves of Russia. The US will now halt Russian debt payments. Russia still has 30 day grace period to make payments. Russian bondholders brace for the next hurdles.

US building financial pressure on Russia by stopping Russian debt payments

Facial recognition technology have been rolled out by a group of nine schools in the UK to verify children's payments for school meals, acording to media reports.

Facial recognition system to speed up lunch payments in UK schools

Aston Martin is suing a Swiss car dealer that it says withheld customer payments for its $3 million Valkyrie sports car, the luxury carmaker said on Tuesday. The London-listed company has also ended its commercial agreement with the dealer, Nebula Project AG, saying it would now take customer deposits directly for special vehicles, such as the Valkyrie rather than involve a third party.

Aston Martin sues Swiss dealer over Valkyrie sports car payments

Australia's financial regulator on Tuesday ordered an investigation into the global money transfer platform PayPal over concerns that it is being misused by sex offenders to buy child abuse material from Asia.

Australia probes PayPal over payments for child abuse content

The Reserve Bank of India (RBI) has appointed Nandan Nilekani, co-founder of Infosys, as the chairman of the committee to assess digitisation of payments in India.

RBI appoints Nandan Nilekani as chairman of committee to assess digital payments

The social media giant has not given out too much information but they plan to use cryptocurrency primarily for facilitating payments on the website

Facebook planning to create its own cryptocurrency: Reports

WhatsApp's 2.18.79 Android version lets you link your bank account to your WhatsApp account after verifying the mobile number via an SMS

You can now use WhatsApp to make payments

After Indian court ordered an oil tanker loaded with fuel for Mauritius to stay in port until all outstanding has been settled, Mauritius buys fuel from Saudi Arabia

Mauritius turns to Saudi fuel cargoes after court bans Indian supplies

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