In a concerning trend for millions of digital payment users in India, the Unified Payments Interface (UPI) experienced a significant outage for the third time in just one week. The National Payments Corporation of India (NPCI), which oversees UPI, has flagged the issue, citing latency as the primary cause. As UPI has become one of […]
Category: PayTech
What is Money Management, and Why is it Important?
Money management is the process of planning and controlling your finances to ensure that your income covers your expenses while also saving for future goals. It involves budgeting, saving, investing, and managing debt. The goal of money management is to help you use your money wisely, avoid unnecessary expenses, and build a stable financial future. […]
UPI Down in India: Nationwide Outage Disrupts Digital Payments.
India’s widely used Unified Payments Interface (UPI) faced a major outage today, leaving millions of users unable to make digital transactions. The disruption affected significant payment platforms, including PhonePe, Google Pay, Paytm, and BHIM, causing frustration among businesses and consumers who rely on UPI for daily transactions. What Happened? Reports of UPI service failures started […]
Taxpayers’ Rights Under the Income-Tax Bill 2025: Social Media, Email, and Bank Account Monitoring.
The Income-Tax Bill 2025 introduces enhanced digital surveillance, allowing the Income Tax (I-T) Department to scan social media, emails, trading activity, and bank accounts to detect potential tax evasion. While this move aims to improve tax compliance and curb fraud, it raises concerns about privacy and taxpayers’ rights. So, what rights do taxpayers have under […]
The Role of Open Banking in Payment Innovation.
Open banking is revolutionizing the financial landscape, enabling greater transparency, collaboration, and innovation in the payments sector. By securely sharing financial data through APIs, open banking empowers third-party providers to develop innovative payment solutions, enhance user experiences, and foster financial inclusion. Here’s a closer look at how open banking is driving payment innovation across industries. […]
Pay-As-You-Go Models: A New Era of Payments.
In the rapidly evolving digital economy, flexibility and convenience have become top priorities for consumers and businesses alike. Pay-as-you-go (PAYG) payment models are transforming how services are consumed and paid for, offering a practical and scalable alternative to traditional pricing systems. This approach, which allows users to pay only for what they use, is gaining […]
The Evolution of Digital Wallets.
Digital wallets have revolutionized how we handle money, transforming transactions into seamless, secure, and instant exchanges. From their inception to their current sophisticated forms, digital wallets have redefined commerce and personal finance, catering to the fast-paced digital world. The Birth of Digital Wallets The concept of digital wallets began with simple online payment platforms in […]
PayTech and the Rise of Digital Wallets: What Businesses Need to Know
In today’s digital-first world, PayTech (payment technology) innovations like digital wallets are revolutionizing the way consumers and businesses handle transactions. From giants like Apple Pay and Google Wallet to apps like Venmo and PayPal, digital wallets are reshaping how people pay, save, and manage their finances. For businesses, understanding the growth of digital wallets and […]
The Role of PayTech in the Future of Payment Systems around the World
Using digital technology as one of the core drivers of PayTech, it involves automation of payments through various methods. The automation of payments ensures that funds are transferred seamlessly and faster across borders. This is especially applicable to consumers and businesses that increasingly call for improved ways of transacting in global markets. With generations getting […]
