Tag: Digital payments
17 Results
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Pandemic pushes digital payments, RBI index up 30%
The index for March 2021 stands at 270.59 as against 207.84 for March 2020, announced while launching the index on January 1, 2021.
July 29, 2021 -
RBI issues master direction to ensure security of digital payments
The provisions of these directions would apply to the Regulated Entities (REs)-- Scheduled Commercial Banks, Small Finance Banks, Payments Banks; and Credit card issuing NBFCs.
February 19, 2021 -
Mastercard partners with Razorpay to drive digital payments acceptance by small businesses
In recent months, the pandemic has accelerated the adoption of digital technologies and rapidly shifted how consumers prefer to shop and pay.
February 16, 2021 -
Fintech cos need to focus on providing resilient front-ends for financial service providers: Govt
The applications of fintech are not only about digital payments but also feature a lot of other initiatives such as wealth technology, for instance, he noted.
September 7, 2020 -
Digital payments touch pre-COVID levels at Rs 2.62 lakh crore in June
The number of transactions during the month was recorded at 999 million worth Rs 1.51 lakh crore.
July 2, 2020 -
New face of the digital divide
The digital revolution creates an illusion of development but real development can take place only through primary activities like promoting agriculture and industries.
June 17, 2020 -
G Pay spent Rs 1,028 crore on cash rewards in FY 2019
Google Pay said that the company had spent around 67 million on monthly active users with an annual gross transaction run-rate of $110 billion.
October 29, 2019 -
Digital payments annual growth at 12.7 per cent in India: KPMG
A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants adopting digital payments with close to 1.5 million digital payment acceptance locations in 2016-17.
August 29, 2019 -
Paytm partners Clix Finance to offer instant digital loans
The company would offer loans to Paytm customers and merchants through "Deferred Payment or Postpaid" and "Merchant Lines" facilities.
July 23, 2019 -
Paytm to dole out incentives for merchants at kirana stores
The company is targeting to partner with over 20 million retail kirana stores, enabling them to accept all digital payment modes including UPI, wallet and cards.
June 20, 2019 -
Paytm dominates UPI merchant payment with 60% share
The firm has also enabled its 1.2 crore partner merchants so far to accept payments through Paytm BHIM UPI.
June 10, 2019 -
Banks and No Banking
In the event, the singular achievement is the five-day break ~ or nearly so ~ in the season of jollity. It beggars belief that for all the proud boasts of growth and development, the country has to make do without banking for close to a week. That very thought would be anathema in any civilised society.
December 23, 2018 -
Digital payments to be trillion-dollar market by 2023: NITI Aayog
According to the study, growth momentum of digital payments in volume and value sustained post demonetization with "spectacular growth" in new products like Unified Payments Interface (UPI).
July 31, 2018 -
Samsung Pay in India adds utility bill payment options for users
Samsung Pay users can pay their mobile, landline telephone, electricity, gas, water and DTH bills using the feature.
December 21, 2017 -
RBI, EC have no info on bonds for political parties funding
The Reserve Bank of India and the Election Commission have no information on electoral bonds, which were announced about nine months back for the funding of political parties, according to an RTI reply. “We have no information to furnish,” the central bank said in its reply to the RTI query. The RBI was asked details …
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November 24, 2017 -
PayPal digital payments service launches operations in India
Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade, the company said. In a statement issued here PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most popular businesses. “Merchants offering PayPal …
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November 8, 2017 -
Demonetisation may increase economic inequalities: Manmohan Singh
Former Prime Minister Manmohan Singh has called demonetisation a “catastrophic economic policy” that may aggravate inequalities and prove to be a “far greater social malaise” in a diverse country like India, and asked Prime Minister Narendra Modi to accept the “blunder” and work towards a consensus to rebuild the economy. “Demonetisation has proved to be …
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November 6, 2017