financial inclusion
PM Modi Launches 'Your Money, Your Right Movement': How Indians Can Reclaim Rs 1.04 Lakh Crore in Unclaimed Financial Assets
Dec 10, 2025 02:16 pm CST
Prime Minister Narendra Modi has launched the 'Your Money, Your Right' movement to help Indians reclaim Rs 1.04 lakh crore in unclaimed financial assets. The initiative provides dedicated portals from RBI, IRDAI, and SEBI to simplify the process of recovering forgotten bank deposits, insurance proceeds, dividends, and mutual fund investments, with facilitation camps already organized across 477 districts nationwide.
India's Digital Payment Revolution: UPI Dominates with 85% Share as Digital Transactions Reach 99.8% of Total Volume
Oct 23, 2025 10:05 pm CST
According to the RBI's June 2025 Payment System Report, digital payments now account for 99.8% of transaction volume and 97.7% of value in India's payment ecosystem. UPI leads with 85% of transaction volume, while RTGS dominates value at 69%. This digital transformation shows remarkable growth from 2019-2025, with UPI transactions increasing from 1,079 crore to over 17,221 crore annually, demonstrating India's rapid shift toward a cashless economy.
RBI Governor Urges Fintechs to Build for Inclusion and Prioritize Underserved Populations
Oct 09, 2025 10:27 am CST
RBI Governor Sanjay Malhotra emphasizes the crucial role of fintech companies in expanding financial services to underserved communities, while highlighting innovations in digital finance infrastructure and measures to combat fraud. With India's fintech sector growing to 10,000 companies raising $40 billion over the past decade, the central bank is pushing for responsible innovation that combines inclusion, user-friendly design, and robust security measures.
India Launches On-Device Biometric Authentication for UPI: Revolutionizing Digital Payments with Aadhaar Integration
Oct 07, 2025 10:33 pm CST
The Indian government has introduced three groundbreaking UPI features: on-device biometric authentication eliminating the need for PINs, Aadhaar-based face authentication for UPI PIN management, and UPI-enabled cash withdrawals at micro-ATMs. Launched by Department of Financial Services Secretary M. Nagaraju at GFF 2025, these innovations aim to enhance security while improving accessibility for all users, particularly seniors and first-time digital payment adopters.