Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has launched a UPI-based cash withdrawal facility through its Business Correspondent (BC) network. The service allows customers to withdraw cash by scanning a UPI QR code and authorising the transaction via their UPI-enabled app, eliminating the need for debit cards or traditional…
Scapia, a travel fintech platform in India, has launched Scapia Pay, an in-app UPI payments service that allows users to earn rewards on transactions made using Scapia co-branded RuPay credit cards. The service aims to integrate everyday payments, credit, and travel rewards within a single platform. With Scapia Pay, users can link their Scapia Federal…
India’s digital payments ecosystem is expanding at an unprecedented pace, with National Payments Corporation of India (NPCI) data showing that the Unified Payments Interface (UPI) processed about 21.7 billion transactions worth ₹28.33 lakh crore in January 2026. The surge strsses both the scale and the speed at which real-time payments now operate across the country. …
From April 10, India’s highways are set to change. The Ministry of Road Transport and Highways (MoRTH) is introducing stricter rules covering toll payments, vehicle documentation, and security on national roads. ID mandatory at toll plazas All motorists will now need a valid government-issued ID—Aadhaar, driving licence, or passport—at tolls and highway checkpoints. Failure to…
India’s life insurance sector paid a total of ₹6.30 lakh crore in benefits during FY25, according to the IRDAI Annual Report 2024-25, reflecting the sector’s role in household financial security. Of this, ₹2.33 lakh crore was paid out as withdrawals and surrenders, marking a 1.77% increase from the previous year. Persistency ratios remained stable, indicating…
India’s digital payments ecosystem continues its rapid growth, with Unified Payments Interface (UPI) processing 228 billion transactions in 2025, according to Worldline’s annual “India Digital Payments Report – Year 2025 in Review.” The transaction value on UPI reached ₹299.74 lakh crore, marking a 33% year-on-year increase. The report highlights India’s shift toward a micro-transaction economy,…
A study by Aditya Birla Health Insurance Co. Limited (ABHICL) has found that active participation in health coaching can significantly reduce preventable hospital claims and associated costs. The peer-reviewed research, published in the medical journal Cureus, analysed anonymised data from 29,463 customers enrolled in ABHICL’s health coaching programme, delivered in partnership with Zyla Health, over…
Nearly half of India’s fresh life and health insurance premiums are now coming from cities with populations under 1 million, according to a Policybazaar study covering FY23 to FY25. The data highlights a shift in the country’s insurance landscape, with rural-majority districts and smaller cities emerging as major contributors, challenging the perception that digital insurance…
Paytm (One 97 Communications Limited) has introduced biometric authentication for UPI payments and cardless ATM withdrawals, allowing users to verify transactions using fingerprint or Face ID. The rollout coincides with the implementation of updated two-factor authentication (2FA) requirements by the Reserve Bank of India, which emphasise the use of dynamic and device-bound factors, including biometrics,…
Vishal Kapoor, CEO of Bandhan AMC says Specialised Investment Funds (SIFs) offer a blend of mutual fund discipline and PMS-like flexibility, enabling strategies such as long-short investing to manage risk and generate alpha. He notes that while these products can improve risk-adjusted returns, they are more complex and suited for informed investors. Kapoor adds that…
