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What is UPI 3.0?
It's a plan for digital public infrastructure for policymakers and regulators
It’s a call for banks and other financial institutions to come up with new ideas faster, work together better and create solutions that are more tailored to each customer
it’s a chance for brands to make the checkout process as smooth as possible
It’s about giving consumers the power to do things like borrow money, make purchases and manage their money in the most natural way imaginable. Visit us https://www.fsstech.com/merchant-acquiring/merchant-hub/
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All the Payments-related Highlights from RBI's Annual Report India's digital payments witnessed robust growth with transaction volumes surging by 34.8% in FY25, as per RBI's Annual Report. Digital payments are continuing to grow in the times to come, but what is interesting is that the growth in FY25 was lesser as compared to the 44% rise we saw in FY24. At the same time, the share of UPI in digital payments went up to 83.7% in FY25 processing 185.8 billion transactions worth ₹261 trillion. Visit us https://www.fsstech.com/merchant-acquiring/merchant-hub/
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In the 1970s, the beginning of core banking systems to bring efficiency was revolutionary in many ways. For the next 45-odd years, India’s banks and financial services industry saw a slow and steady evolution of technology. But it wasn’t until 2016 that the industry saw a dramatic change in use of technology in banking and payments, with the launch of Unified Payment Interface or UPI.
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Technology platforms serve as the foundation for some of today’s most innovative ideas. Platforms have become the basis upon which new technology, processes, websites, and applications are built. They are a beginning point, providing all of the tools and services required to launch the next big thing. Visit us https://www.fsstech.com/whitepaper/reimagining-payments-the-platform-way/
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At a time when the UAE’s financial services industry is undergoing unprecedented transformation, we at FSS, hosted the Dubai 2025 edition of our flagship event Simply Payments, convening top minds in Fintech, Government Payments, and Artificial Intelligence. Visit us https://www.fsstech.com/blaze/
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Technology platforms serve as the foundation for some of today’s most innovative ideas. Platforms have become the basis upon which new technology, processes, websites, and applications are built. They are a beginning point, providing all of the tools and services required to launch the next big thing.
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At a time when the UAE’s financial services industry is undergoing unprecedented transformation, we at FSS, hosted the Dubai 2025 edition of our flagship event Simply Payments, convening top minds in Fintech, Government Payments, and Artificial Intelligence.
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FSS Payment Gateway Accelerate digital payments at the speed of commerce! Full stack payment gateway for digital merchant onboarding, payment processing, in-depth data insights and a range of value added services that drive higher sales. For more info, visit us at www.fsstech.com
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FSS Showcases AI-Driven Payment Innovations at Simply Payments 2025 Dubai The second edition in Dubai of FSS Simply Payments was held last week with the region's top minds in fintech, government payments and artificial intelligence. Held under the theme "Reimagining Payments in the AI Era," the event underscored the urgent need for banks and financial institutions to embrace AI not just as a technology tool, but as a strategic enabler of operational agility, consumer relevance, and sustainable growth. Visit us https://www.fsstech.com/simply-payments.html
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Swipe Card, Scan QR? Buying on UPI May Get Cheaper The government is working on a plan that will pass on the cost benefits of UPI to consumers and incentivize its use in one go. Ministry officials will soon meet industry stakeholders to take the plan forward, which means that scanning that UPI code to make a purchase may become cheaper than swiping your credit card. Visit us https://www.fsstech.com/
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In this businessline podacst, Anupama Alok Ghosh speaks with Vishal Maru, Global Processing Head at Financial Software and Systems (FSS), to explore how India’s payment ecosystem is tackling rising financial crime.
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Intelligent Payments, Now in an All New Look! Visit our new website.
Experience intelligent tech that powers the banking industry. Experience the new era of banktech at www.fsstech.com.
Listen to what our CEO, Balasubramanian V has to say about our mission of making India a leader in agentic AI in the payments space. And say hello to Merlin, our AI chatbot, which will answer every question you have on FSS, and our products and services.
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Linking ATM Interchange Fee to Ticket Size a Good Idea Non-financial transactions at ATMs haven't picked up because everyone has services like bill payments, recharges, insurance and loans on their phones," said VISHAL MARU to Business Standard on the need to rethink what will draw consumers to ATMs. In the latest issue of Payments Watch, read about why the ATM interchange fee was recently hiked and what can be done to increase revenue from ATMs. Visit us https://www.fsstech.com/atm-solutions/
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Payments Council Urges PM to Implement MDR on UPI and RuPay Transactions
Should UPI be chargeable? The Payment Council of India has submitted a letter to the Prime Minister requesting an urgent reconsideration of the Zero Merchant Discount Rate (MDR) policy for UPI and RuPay debit card transactions. The organisation has requested the re-introduction of 30bps or 0.3 percent as MDR on UPI payments for large merchants. Large merchants are those with a turnover of over Rs 40 lakh annually. Visit us https://www.fsstech.com/
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FSS has an all new face - www.fsstech.com
The brand new www.fsstech.com is here!
In the words of Arunima Mehta, our Global Marketing Director, the new FSS website is a true reflection of our brand vision, leveraging the latest in tech with artificial intelligence to bring forth customer centricity and payments innovation. Listen to what she has to say about our new website and Merlin, our AI-powered chatbot on www.fsstech.com.
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ONDC is Paving the Way for a Digital Payments Revolution VISHAL MARU, Global Head of Processing at FSS, writes for Inc42 Media on why ONDC matters to the payments industry in India. With India’s digital economy growing rapidly, the role of ONDC in carving the payment industry cannot be exaggerated. By allowing seamless, interoperable transactions, the platform addresses the major challenges of accessibility, affordability and innovation in a heavily populated country like India. Visit us https://www.fsstech.com/
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How UPI Killed the Toffee Business India shopkeepers always had a “chutta nahi hai” or “no change available” mindset. Before UPI transactions, shoppers were offered candy or toffees as payback, invoking the narrative that the correct sum, which could amount to as less as 30-40 paise, was not available. This has nearly ended with UPI, which has changed the financial landscape of India's payment system. Visit us https://www.fsstech.com/
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