Friction Illusion
India’s digital payments revolution has been sold as a triumph of speed, scale and inclusion.
India’s digital payments revolution has been sold as a triumph of speed, scale and inclusion.
The study was conducted by an independent third-party research agency in consultation with the National Payments Corporation of India (NPCI).
Mis-selling financial products and services by any Regulated Entity (RE) has significant consequences for both customers as well as the RE.
The pavilion stood out for its balanced approach. Traditional crafts were displayed alongside newer products, while live demonstrations helped visitors understand the work behind each item
According to the outage tracking platform Down Detector, there were 2,358 complaints by 1 pm.
The Minister stated that the brief details of major Digital India initiatives, inter-alia, are at Annexure.
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.
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.
In recent months, the pandemic has accelerated the adoption of digital technologies and rapidly shifted how consumers prefer to shop and pay.
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.
