ECONOMY India Moves To One Nation, One Time As Government Notifies IST Rules

The Department of Consumer Affairs has notified the Legal Metrology (Indian Standard Time) Rules, 2026, establishing Indian Standard Time (IST) as the common time reference for legal, administrative, commercial and other official purposes across the country. The rules were notified on August 27, 2026, and will come into force 180 days from their publication in […]

CW Bureau · Aug 30, 2026

STARTUP/TECHNOLOGY IITM, CAMS Deepen FinTech Ties To Drive AI, Digital Payment Research

Indian Institute of Technology Madras (IIT Madras) and Computer Age Management Services (CAMS) are expanding their collaboration under the CAMS IIT Madras FinTech Innovation Lab (CIFIL), with a focus on financial technology innovation, startup development, industry-driven research and professional education. The renewed partnership seeks to strengthen India’s rapidly evolving digital financial ecosystem by deepening industry-academia […]

CW Bureau · Aug 12, 2026

STARTUP/TECHNOLOGY PayU, Marg ERP To Transform Digital Payments For Pharma Distributors

Fintech platform PayU has entered into a strategic partnership with business management software provider Marg ERP to streamline digital payment collections and reconciliation for India’s pharma distributors, retailers and MSMEs. The collaboration will integrate PayU’s payment infrastructure into Marg ERP’s business management platform, enabling users to manage ordering, payments and reconciliation within a single workflow […]

CW Bureau · Aug 7, 2026

STARTUP/TECHNOLOGY EbixCash Integrates Wallet With BHIM UPI, Scales UPI Payment Capabilities

EbixCash has integrated its Prepaid Payment Instrument (PPI) Wallet with BHIM UPI, allowing its more than 14 lakh active wallet users to make UPI QR code payments directly using their wallet balance. The move is aimed at boosting customer engagement and increasing transaction volumes by making the wallet part of India’s mainstream UPI ecosystem. The […]

CW Bureau · Aug 5, 2026

BANKING & FINANCE Artificial Intelligence, Digitalisation To Drive SBI Card Next Phase Of Growth

SBI Cards and Payment Services Ltd. expects digitalisation, artificial intelligence and machine learning to play a bigger role in customer acquisition, risk management and fraud prevention as digital payments continue to reshape India’s financial ecosystem. “Digitalisation remains central to customers’ evolution towards greater participation in the formal economy,” said Chairman Challa Sreenivasulu Setty in a […]

CW Bureau · Aug 4, 2026

BANKING & FINANCE SBI Card Eyes Premium Growth, Digital Expansion Through YONO 2.0

SBI Cards and Payment Services Ltd, the pure play credit card player, plans to strengthen customer acquisition through SBI YONO 2.0, expand its presence in premium and co-branded cards, and accelerate digital transformation as part of its next phase of growth. “As we continue to build on our progress, we remain focussed on strengthening the […]

CW Bureau · Aug 4, 2026

STARTUP/TECHNOLOGY Paytm Launches Split Bills Feature Ahead Of Friendship Day For Groups

Paytm (One 97 Communications Ltd), a leading financial services distribution company and pioneer of mobile payments, has launched Paytm Split Bills on its app ahead of Friendship Day, enabling users to easily manage and settle shared expenses. The feature is aimed at friend groups, college students, Gen Z and young professionals, helping them track expenses […]

CW Bureau · Jul 29, 2026

BANKING & FINANCE YES Bank Charts Growth Around ‘One Team, One Vision, One YES BANK’

YES Bank will leverage its partnership with Sumitomo Mitsui Banking Corporation (SMBC), strengthen governance and accelerate retail growth as it pursues its ambition of becoming one of India’s most trusted private sector banks. The private sector bank will focus on customer trust, technology, people and governance while building a unified banking franchise under its “One […]

CW Bureau · Jul 25, 2026

STARTUP/TECHNOLOGY Paytm Europe Granted Luxembourg Payment Institution Licence By CSSF

One 97 Communications Ltd., the parent company of Paytm, has secured a major regulatory milestone in its global expansion journey after its step-down wholly owned subsidiary, Paytm Europe Payments S.A., received a Payment Institution Licence from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). The approval paves the way for Paytm Europe […]

CW Bureau · Jul 3, 2026

HOSPITALITY Thomas Cook Launches Cross-Border Rewards For Its Forex Card Customers

Thomas Cook India has introduced what it describes as an industry-first cross-border rewards programme for its forex card customers, enabling international travellers to earn rewards on overseas spending across leading global brands. The initiative comes as Indian travellers increasingly adopt digital and contactless payment methods for overseas transactions, ranging from transportation and dining to shopping […]

CW Bureau · Jun 18, 2026

GENERAL Payoneer, Economic Times Unveil Cross-Border Excellence Awards

Payoneer, a global financial platform focused on cross-border commerce, has launched the Payoneer India Cross-Border Excellence Awards 2026 in association with The Economic Times to recognise Indian businesses driving international trade and exports. The awards will culminate in a gala event in New Delhi in September 2026 and are aimed at showcasing companies contributing to […]

CW Bureau · Jun 10, 2026

STARTUP/TECHNOLOGY Paytm Infuses About ₹99 Cr Into Its European Arm To Support Expansion

One 97 Communications Ltd (OCL), which owns digital payments and financial services platform Paytm, has infused €9 million (about ₹99 crore) into its Luxembourg-based step-down wholly owned subsidiary, Paytm Europe Payments S.A., to support its business and operational requirements in Europe. The investment has been made through Paytm Cloud Technologies Ltd (PCTL), a wholly owned […]

CW Bureau · Jun 2, 2026