HDFC Bank has integrated the Reserve Bank of India’s Central Bank Digital Currency, the Digital Rupee (e₹), into its SmartGateway platform, enabling merchants to accept zero-cost, secure, and sovereign-backed digital payments alongside UPI, cards, and net banking.
Tag: digital payments
Ministry of Tourism & Mastercard Sign MoU to Elevate India as a Global Tourism Hotspot
The Ministry of Tourism and Mastercard have entered a two-year MoU to promote India globally through curated “Priceless” experiences, secure digital payments, and high-impact travel campaigns—beginning with Goa.
UPI Market Share in July 2025: PhonePe Leads the Digital Payments Race
In July 2025, PhonePe extended its dominance in the UPI ecosystem with a commanding 46.7% market share, followed by Google Pay at 36.2%. Paytm held 7.1%, while other players accounted for the remaining 10%.
UPI Alert: P2P ‘Collect Request’ Feature to Be Discontinued from October 1, 2025
The National Payments Corporation of India (NPCI) has announced the removal of the UPI peer-to-peer (P2P) 'Collect Request' feature starting October 1, 2025, in a bid to curb financial frauds and enhance user security. Here’s what it means for UPI app users.
SBI to Temporarily Suspend UPI Services on August 6 Due to Maintenance
State Bank of India (SBI) has announced that its UPI services will be temporarily unavailable on August 6, 2025, due to scheduled maintenance. Customers are advised to plan their transactions in advance to avoid disruptions.
