BANKING & FINANCE
UPI Turns 10: How It Scaled From 1.78 Crore To 24,162 Crore Transactions
The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), completes a decade of transforming the way India makes payments. What started as a digital payments platform has evolved into the backbone of India’s digital payments […]
CW Bureau
·
Aug 24, 2026
BANKING & FINANCE
RBI For Kill Switch, AI-Powered Fraud Detection To Fortify Digital Payments
The Reserve Bank of India (RBI) is exploring the introduction of new safeguards in digital payment systems, including a universal ‘kill switch’ and additional transaction frictions, as part of a broader strategy to combat rising digital payment frauds and enhance customer protection. According to the Reserve Bank of India Annual Report FY26, the central bank […]
CW Bureau
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May 30, 2026
ECONOMY
Swipe, Scan & Send: How Fast The New Money Language Is Evolving
Not long ago, a simple financial transaction demanded time, effort, and patience. Paying bills meant standing in long queues. Sending money required a visit to the bank, filling out forms, and waiting days for confirmation. For millions in India without access to banking, it meant exclusion from the financial system itself. That India, however, is […]
CW Bureau
·
Apr 11, 2026
