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Creative Bharat > Blog > payments

ISDA and Ant International Lead New Industry Report on Use of Tokenised Bank Liabilities for FX Settlement and Cross-Border Payments Under Project Guardian

Business Wire India   Report builds on shared ledger technology and industry expertise of the co-leads as well as members of the Project Guardian FX workstream It includes proposed principles for leveraging tokenised bank liabilities and shared ledgers to drive industry adoption of tokenisation and enable 24/7, real-time FX settlement and lower costs for businesses […]

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PhonePe IPO: Walmart’s digital payments provider may file draft red herring prospectus soon; eyes $1.5 billion

Founded in 2015, PhonePe reports having over 610 million registered users and processes 340 million rupees in daily transactions. (AI image) PhonePe IPO: PhonePe, the largest digital payments provider in India majority-owned by Walmart Inc., is readying to submit initial documentation for a public offering that could generate up to $1.5 billion, according to sources […]

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Digital push: India Post Payments Bank bags FinMin’s 2024‑25 Digital Payments Award; tops DFS index among payments banks

India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM […]

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Cashfree Payments’ Secure ID launches AI-powered, Multilingual Video KYC; Aims to Boost user Conversions by up to 80%

Built to empower NBFCs, banks, lending platforms, insurance companies, and other regulated entities to digitally onboard users pan-India, including tier 2 and tier 3 regions Supports low-bandwidth environments and makes pre-call form-filling 7X faster It is mobile-first, compatible with 10k+ devices and provides access […]

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Adani Group’s tax payments rises 29% to nearly Rs 75,000 crore in FY25; from Rs 58,104 crore in FY24; includes both direct & indirect taxes

NEW DELHI: Adani Group announced on Thursday that it paid nearly Rs 75,000 crore in taxes in FY2024-25, marking a 29% increase from the previous year. The Adani Group said its listed companies contributed Rs 74,945 crore to the exchequer in FY2024-25, up 29% from Rs 58,104 crore in the previous year. This total includes […]

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Economy

UPI effect: India now commands 48.5% share of global real-time payments volume

The retail payment system recorded robust growth in transaction volume as well as value in 2024-25 The success of India’s home-grown Unified Payments Interface (UPI) has aided the country in acquiring 48.5 per cent share in global real-time payments by volume, the Reserve Bank of India’s FY25 annual report said. “The retail payment system recorded […]

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Economy

UPI effect: India now commands 48.5% share of global real-time payments volume

The retail payment system recorded robust growth in transaction volume as well as value in 2024-25 The success of India’s home-grown Unified Payments Interface (UPI) has aided the country in acquiring 48.5 per cent share in global real-time payments by volume, the Reserve Bank of India’s FY25 annual report said. “The retail payment system recorded […]

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Private Hospitals Consider Withdrawing from Ayushman Bharat Scheme Over Delayed Payments, ET HealthWorld

Ranchi: The Hospital Board of India and Jharkhand branch of the Indian Medical Association (IMA) on Thursday warned that private hospitals across the state will stop providing services to patients under the Mukhyamantri Jan Arogya Yojana (MMJAY), also known as the Ayushman Bharat Yojana, due to inordinate delays by the govt to clear their pending […]

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