Big boost for digital payments! Cabinet approves Rs 1,300-crore scheme to promote UPI, Rupay
The Union Cabinet has approved a Rs 1,300-crore incentive scheme to promote transactions made via UPI and Rupay debit cards.
Dec 15, 2021, 17:44 PM IST
WhatsApp to double payments offering from 20 million to 40 million users in India
In India's digital payments market, WhatsApp competes with Alphabet Inc's Google Pay, SoftBank and Ant Group-backed Paytm, and Walmart's PhonePe.
Nov 27, 2021, 10:08 AM IST
NITI Aayog proposes to bring Digital Bank
Government think-tank Niti Aayog proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country
Nov 25, 2021, 09:36 AM IST
Digital Payment Revolution: Nirmala Sitharaman shares video of UPI QR code on ox head
Finance Minister Nirmala Sitharaman, on Thursday (November 4), shared a video highlighting the success of digital payments in India.
Nov 05, 2021, 20:07 PM IST
Want to transfer Rs 10 lakh? Here’s how to do it via Paytm
According to the RBI guidelines, the amount that can be transferred via digital payment method is limited to Rs 10,000 per month.
Aug 20, 2021, 17:11 PM IST
PM Narendra Modi to launch new digital payment solution e-RUPI on August 2
Besides being a cashless and contactless instrument for digital payment, it is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries, the statement said.
Aug 01, 2021, 09:32 AM IST
Google, Amazon and other tech giants eye India's burgeoning digital retail payments market
The growing prowess of India in the field of economy, as well as technology, has garnered the attention of tech giants across the world. Technology giants Facebook Inc, Amazon.com Inc and Google and credit-card providers Visa Inc and Mastercard Inc are among those vying for unprecedented access to India's burgeoning digital retail payments market, reported The Star.
Mar 07, 2021, 12:31 PM IST
PayPal plans to hire 1000 Indian engineers for development centres across country
The pandemic has accelerated the shift towards digital payments and highlighted the benefits of adopting a digital-first approach. PayPal said its products and services have become even more relevant now and hence the need to focus on technology innovation across artificial intelligence, machine learning, data science, risk and security, customer experience and other key areas.
Mar 03, 2021, 16:12 PM IST
Digital payments fraud: COVID-19 pandemic provides opportunity to dupe unsuspecting consumers
Card cloning is the most common concern when it comes to debit or credit card fraud, with 1 in 3 seeing this as the biggest risk.
May 13, 2020, 22:16 PM IST
Digital payments by Indians rise by 42 per cent during COVID-19 lockdown: Report
Digital payment platforms have been widely used for buying essentials and mobile recharges during the lockdown, according to a survey of 42,000 respondents done by consultancy firm Local Circles
Apr 14, 2020, 17:19 PM IST
Mumbai banker loses Rs 87,000 via digital payments app
With increased online payments it is important to know how to protect UPI transactions from cyber fraud.
Aug 30, 2019, 14:20 PM IST
Union Budget 2019: 2% TDS imposed on cash withdrawal exceeding Rs 1 crore to encourage digital transactions
Centre on Friday introduced a two per cent TDS (Tax Deducted at Source) on cash withdrawal exceeding Rs 1 crore in a year from a bank account. The Union Budget 2019 proposed this to encourage digital payments and cashless economy and to promote digital payments.
Jul 05, 2019, 15:16 PM IST
Banks must strive to be seen as institutions of clean, prudent lending: Arun Jaitley
Jaitley said that the formalisation of the Indian economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and Digital Payments have enabled better assessment of financial capacity and risks.
Sep 25, 2018, 16:28 PM IST
Paytm flags concerns over Google Pay's privacy policy, says company sharing payment data
Paytm said this in a recent letter to the National Payments Corporation of India.
Sep 21, 2018, 12:12 PM IST
Need for relook at payments norms to keep pace with tech changes, says Niti Aayog
Only in 15 states, higher volume payments are digitised.
Jul 31, 2018, 16:44 PM IST
Digital transactions touched record high of Rs 71,634 crore on March 28: Finance Minister Arun Jaitley
98.2 lakh digital transaction were made on Thursday.
Mar 29, 2018, 23:46 PM IST
Digital payments to reach $1 trillion by 2023 in India: Report
The share of cash transactions in India is estimated to account for 70% of total transactions in value terms and 90% in volume.
Feb 15, 2018, 21:23 PM IST
Debit, credit cards, ATMs will be redundant in 4 years: Niti Aayog
Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.
Nov 11, 2017, 21:28 PM IST
PayPal launches India operations: 5 things you need to know
PayPal will be able to process both local and global payments.
Nov 09, 2017, 13:56 PM IST
India's transition to GST fairly smooth despite attempts to derail it: Arun Jaitley
Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.
Oct 10, 2017, 12:42 PM IST