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India eyes CBDC to patch welfare leaks and potentially rival China’s digital yuan scale

India eyes CBDC to patch welfare leaks and potentially rival China’s digital yuan scale

India is moving cautiously on a central bank digital currency, aiming not just for payments tech but to reduce leakages in welfare delivery. Though its early rollout looks small next to China’s massive e-yuan adoption, officials believe a successful system could scale quickly—potentially making India one of the world’s biggest CBDC issuers.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RBI draft rules tighten PPI compliance while expanding UPI linked wallets for foreign visitors

RBI draft rules tighten PPI compliance while expanding UPI linked wallets for foreign visitors

The RBI has released draft guidelines for prepaid payment instruments, focusing on stronger compliance and better customer protection. The proposal highlights expanded use of UPI-linked wallets for foreign visitors and deeper integration between prepaid instruments and UPI rails. The RBI also plans stricter handling of dormant balances, signaling tighter oversight for issuers and platforms.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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UPI banks choke under volume growth two practical fixes can restore speed and reliability

UPI banks choke under volume growth two practical fixes can restore speed and reliability

NPCI’s profits are rising, but banks running UPI payments are struggling to handle the growing transaction load. Industry guidance points to performance upgrades that range from quick, straightforward changes to more complex system overhauls. The goal is to keep UPI processing fast and reliable as volumes surge.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
1Pay bets FASTag momentum can remake trucking into a logi fintech empire

1Pay bets FASTag momentum can remake trucking into a logi fintech empire

Logi-fintech firm 1Pay says it can bring structure to India’s vast, fragmented trucking ecosystem by leveraging the widespread adoption of FASTag. The company’s growth plan banks on digital payments and better fleet operations, but it also has to compete in a crowded field where other players are pushing similar logistics-tech digitisation.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
MeitY exempts non real money online games from mandatory registration—real money faces tougher checks

MeitY exempts non real money online games from mandatory registration—real money faces tougher checks

MeitY has announced new rules for online games, exempting games without real money stakes from mandatory registration. Real money games will face stricter evaluation, while banks and payment firms will be responsible for enforcing bans. Competitive e-sports will be classified separately, and required user safety features are set to apply across platforms.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Finance Ministry to meet bank CEOs over Anthropic Mythos cyber risk today

Finance Ministry to meet bank CEOs over Anthropic Mythos cyber risk today

Indian bank leaders are set to meet the Finance Minister to discuss safeguards for the country’s payments system, with attention on cyber threats linked to Anthropic’s new AI model “Mythos.” Banks’ interconnected IT networks make them potential targets. The meeting comes amid reports of unauthorized access attempts, as regulators worldwide weigh AI-related security risks.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Kotak Mahindra Bank makes OTP or MPIN mandatory for key payments from April 22 2026

Kotak Mahindra Bank makes OTP or MPIN mandatory for key payments from April 22 2026

Kotak Mahindra Bank will require customers to complete mandatory two-factor authentication using OTP or MPIN for selected transactions starting April 22, 2026. The change covers government, statutory, payment gateway, and other merchant payments, with the bank citing added protection for tax-related transactions. Customers are urged to keep their contact details updated to avoid failed verifications.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Pay Point India becomes first fintech to join RBI centralised payment systems directly

Pay Point India becomes first fintech to join RBI centralised payment systems directly

Pay Point India has become the first fintech to join RBI’s Centralised Payment System, gaining direct access to RTGS and NEFT. The move cuts reliance on partner banks and may streamline settlement and improve speed for transactions. For the fintech sector, it signals deeper integration with core RBI payment rails and a potential shift in how smaller players operate.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Pay later booms as consumers and companies embrace buy now pay later

Pay later booms as consumers and companies embrace buy now pay later

Buy now pay later is surging as both consumers and businesses lean into flexible payments. The trend accelerated last year when pandemic-era online shopping expanded from essentials to nearly everything, normalizing pay later options. With demand rising, payment providers and retailers are increasingly integrating these plans into mainstream commerce.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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