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Tuesday, October 28, 2025
TopicUPI transactions

Topic: UPI transactions

What can countries with high transaction cost on remittance do? Adopt an Indian method

The high transaction cost on remittances amounts to an additional tax on cross-border movement of incomes. For 2023, roughly $41 billion was spent on just transaction costs.

India’s UPI & Singapore’s PayNow launch a real-time link for cross-border payments

This is the first such for the South Asian nation that is the world's biggest recipient of remittances. Transfer of funds will now be possible using just mobile phones.

India must re-think the zero-charge regime for digital transactions. Try this tiered approach

The current cross-subsidy disincentives quality of service and will impact ease of living in the longer term.

On Camera

The K in K-Pop is already silent. And that’s OK

Audience data shows there are now more fans outside South Korea than at home. Like hip hop, there’s no reason why K-Pop can’t have a similarly inclusive trajectory while staying true to its core.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.