Jio Financial Services acquires 7.9 crore shares of…

[ad_1] Billionaire Mukesh Ambani-led Reliance Group's non-banking financial services arm, Jio Financial Services (JFS), on Wednesday, 18 June 2025, announced that the company has acquired more than 7.9 crore equity shares of Jio Payments Bank…

Sebi introduces verified UPI handles for market payments…

[ad_1] All stock market intermediaries such as brokers, mutual funds and portfolio managers will soon get exclusive and verified United Payments Interface (UPI) handles to collect payments from investors to ensure safer transactions.​Starting 1 ​October…

SBI Cards & Payments Q4 Results: Net profit…

[ad_1] SBI Cards and Payment Services reported a decline in fourth-quarter profit on Thursday, hurt by higher provisions for bad loans.Indian lenders have been struggling with asset quality stress, especially in unsecured segments such as…

UPI down: GPay, PhonePe, Paytm and other apps…

[ad_1] UPI experienced yet another service outage, resulting in thousands of users reporting their inability to make payments and execute fund transfers. Downdetector reported a peak of over 2,200 user complaints concerning UPI services, primarily…

One in 3 merchant payments involves credit: Fintech…

[ad_1] MUMBAI: Around one in three digital payment transactions with merchants in India during 2024 were credit-based, either through credit cards or EMIs, showing a shift towards short-term financing and phased spending. An analysis, based…