Thursday, 22 January, 2026
PSU Banks Launch QR-Based Payment Push to Challenge Fintech Dominance
India’s public sector banks are aggressively deploying QR-based payment solutions to reclaim market share from dominant fintech players like PhonePe and Google Pay. By leveraging their vast rural networks and trusted reputations, these banks aim to penetrate the merchant payments ecosystem. This strategic shift focuses on integrated digital offerings and lower transaction costs.
Read full story at Economic Times