Browsing: Digital Payments

NeoGrowth’s Festive Outlook 2026 highlights strong festive demand in India, with 80% of MSMEs expecting a better season and 77% of shoppers planning higher spending. The report also examines funding needs, fashion and jewellery purchases, digital payments, omnichannel shopping and AI adoption.

The Kerala Gold and Silver Merchants Association (KGSMA) has rejected the proposed post-Diwali implementation of UPI MDR charges, demanding complete withdrawal. Around 4,000 gold traders participated in statewide protests on October 13 against the proposed charges.

The UPI and Services Steering Committee has deferred MDR charges on select P2M UPI transactions until after Diwali. CAIT welcomed the decision, expressing gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for considering traders’ concerns.

AIJGF President Mr Pankaj Arora submits three representations covering high-value digital payments, a national framework for money-lending and pledge-based lending, and concerns over differential gold pricing and illegal gold smuggling.