HDFC Bank Group has successfully wrapped the fourth edition of HDFC Tech Innovators 2025, celebrating 10 winning startups across six sectors and two special recognition awards for emerging women founders. With over 1,600 applications from 290+ cities, this edition marked one of the largest showcases of India’s startup innovation.
The Reserve Bank of India (RBI) has launched an offline mode for its Central Bank Digital Currency — the ‘Digi Rupee’. This innovation allows users to transfer money seamlessly even without an internet connection, marking a major step toward inclusive digital finance across India.
Axis Bank, in collaboration with Freecharge, has introduced India’s first gold-backed credit line on the UPI platform. This innovative offering enables MSMEs, merchants, and self-employed individuals to access instant overdraft facilities against gold, with seamless repayments via UPI and a 100% digital journey.
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.
ICICI Bank has announced it will begin charging fees to payment aggregators for UPI transactions starting August 1, 2025. This move could significantly impact digital payment platforms, merchants, and the broader fintech ecosystem.
