Alternative to Banks: 5 Mobile Wallets for Developing Countries
Mobile wallets help to convert cash into digital money without depending on banks
Mobile wallets help to convert cash into digital money without depending on banks
… and why they have nothing to do with crypto
The Indian government announced on September 15, 2026, that a Merchant Discount Rate (MDR), fee charged for processing digital payments, will apply to Unified Payments Interface (UPI) transactions for the first time in nearly six years.
A patient is cleared for discharge at 10 AM. By 4 PM, they’re still in the bed — not because of medicine, but because the billing desk is waiting on a TPA to confirm a final number. Multiply that by every bed in a mid-size hospital, every single day, and you start to see why […]
Razorpay, India’s omnichannel payments platform, has launched RAY, a conversational AI account manager on WhatsApp, in partnership with IndusInd Bank. Bajaj Finance is among the first businesses live on the platform, which lets founders manage payments and get support around the clock without logging into a dashboard.
WhatsApp rolls out a new bill-payment feature in India. It allows users to manage and pay a range of household and other recurring bills directly through the messaging app. The feature is gradually introduced across the country for Android and iOS users.
India’s card payments market is expected to maintain steady growth in the coming years as financial inclusion expands, digital infrastructure improves and consumers increasingly shift away from cash. While debit cards continue to dominate the market, growing demand for credit cards and new use cases linked to India’s Unified Payments Interface (UPI) are expected to […]
AI agents can soon pay your grocery order, your electricity bill, or your monthly subscription, without you tapping a single button. India may be about to make that real for hundreds of millions of people who use UPI.
If you’re a US or UK company hiring your first employees in India, you’ve probably narrowed the field to a handful of names. Deel and Remote show up on every “best global EOR” list. Rippling shows up if you’re already running US HR and IT through it. Kaamwork shows up if someone on your team […]
Razorpay has launched Vulcan, an artificial intelligence (AI) foundation model designed specifically for payments specifics of the Indian market. The company describes Vulcan as India’s first transformer-based AI foundation model for payments, beyond using separate AI tools for individual tasks such as fraud detection or payment routing.
Global payments company Payfuture has launched a new integration with Shopify that enables merchants to accept popular local payment methods in India through a single connection. This system is aimed at streamlining payment processing in this growing market.
Account-to-account (A2A) payment systems are spearheading a fundamental shift in global payment infrastructure. They change the familiar payment patterns through the use of direct bank transfers that bypass card networks altogether. Three examples of this rapid evolution occurred in late 2025 and early 2026.
Indian fintech company Cashfree Payments said it recorded revenue of around ₹1,000 crore in FY26 and achieved EBITDA profitability in March 2026. The company is now targeting full-year EBITDA profitability in FY27.
On- and off-chain payment provider Unlimit said Indian fintech infrastructure company Decentro has integrated its paytech stack to expand cross-border payment access for businesses operating in India.
The online gaming industry across South Asia and Southeast Asia has experienced explosive growth over the past three years. Markets like India, Bangladesh, Pakistan, Vietnam, and the Philippines now represent billions of dollars in annual transaction volume. With mobile internet penetration reaching record highs and smartphone adoption accelerating in tier-2 and tier-3 cities, the addressable […]
India’s Unified Payments Interface has long been celebrated as one of the most successful real-time payment infrastructures ever built. Meanwhile, many countries across the globe are noticing the convenience of Credit Line on UPI framework, which allows banks to extend pre-approved credit directly through the UPI stack, letting consumers spend borrowed funds as seamlessly as […]
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