Digital Payment
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Airtel Payments Bank and National Payments Corporation of India collaborates for face authentication
Technology | May 05, 2023, 01:58 PM ISTEarlier, It was the Adhaar number by which the transactions were authenticated and the Iris or fingerprint match in the UIDAI records. The new service will enable the user to validate the transaction by taking on face authentication along with the Aadhaar number.
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Har Payment Digital: RBI launches mission to make every citizen a user of digital payment
Apps | Mar 06, 2023, 09:30 PM ISTReserve Bank of India Governor, Shaktikanta Das, launched the "Har Payment Digital" mission as part of Digital Payments Awareness Week 2023. The goal of the mission is to make every Indian citizen a user of digital payments.
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Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share
Business | Jan 12, 2023, 09:22 PM ISTPaytm's monthly transacting users (MTU) was up 32 per cent from 64 million in December 2021 to 85 million in December 2022. The Gross Merchandise Value (GMV) processed through the platform saw a 38 per cent growth y-o-y in December to Rs 3.46 lakh crore.
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76% Indians prefer to make payments through UPI: Know-why
Technology | Nov 01, 2022, 12:24 PM ISTAs per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.
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Digital payments record 29 pc annual growth at March-end 2022: RBI data
Business | Jul 27, 2022, 08:09 PM ISTThe newly constituted RBI's digital payment index (RBI-DPI) stood at 349.3 in March 2022 against 304.06 in September 2021 and 270.59 per cent in March 2021.
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Contactless Payments grew by 6 times in India: Know all the benefits
Technology | Jun 16, 2022, 05:17 PM ISTContactless payments have gone up by more than 6 times, from less than 2.5 per cent in December 2018 to 16 per cent in December 2021, according to a whitepaper by Visa and Worldline India.
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UPI payment via credit card: How it will work
Personal Finance | Jun 09, 2022, 11:48 AM ISTUPI payment via credit card: Till now, only debit cards connected to savings bank accounts and current accounts are allowed to link up to the UPI platform.
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New age beggar spotted in Bihar, carries QR code placard to receive money in his 'e-wallets'
India | Feb 08, 2022, 06:47 PM ISTA 40-year-old man who asks for alms at Bettiah Railway Station in Bihar gives people options to pay him via digital mode. He also carries a digital tablet with him to check if the payments are received in his e-wallets.
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Who is Ashneer Grover of Shark Tank India whose memes are viral on the internet?
Trending | Feb 02, 2022, 02:20 PM ISTAshneer Grover's inimitable style on the business reality show Shark Tank India has made him a popular meme material for the internet. We look at the beginning of the BharatPe co-founder and track his journey to national fame.
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RBI to soon float paper on reasonableness of charges on transactions via digital payments
India | Dec 08, 2021, 03:45 PM ISTEntities involved in providing digital payment services incur costs, which are generally recovered from the merchant or customer or is borne by one or more of the participants.
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India, Singapore launch project to link UPI, PayNow for instant fund transfers
Business | Sep 14, 2021, 11:48 AM ISTPayNow is the fast payment system of Singapore which enables peer-to-peer funds transfer service.
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How this microfinance firm is empowering women entrepreneurs in rural India with an app
Business | Aug 25, 2021, 06:24 PM ISTWith nearly 70% population living in rural parts of the country and many who migrated to urban centres too facing huge pay disparity, there is little empowerment of those hailing from the interiors of the country.
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PM Modi launches e-RUPI digital payment platform
News | Aug 02, 2021, 05:50 PM ISTPrime Minister Narendra Modi on Monday launched e-RUPI, an electronic voucher-based digital payment system. e-RUPI is a cashless and contactless instrument for digital payment. It gets delivered to the mobile phones of beneficiaries through a QR code or SMS string.
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Rs 1,500 cr earmarked for scheme to incentivise digital payments
News | Feb 01, 2021, 01:40 PM ISTFM Nirmala Sitharaman said that Rs 1,500 cr earmarked for scheme to incentivise digital payments
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Govt, RBI need to share cost of maintaining UPI infrastructure: Report
Business | Aug 24, 2020, 10:28 PM ISTThe report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good.
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WhatsApp to launch payments service in India after Brazil blow
Business | Jun 25, 2020, 11:03 AM ISTAfter Brazil suspended newly launched WhatsApp’s payments service to “preserve competitive environment” just after a week of its launch, the Facebook-owned messaging platform said it is committed to launching the digital payment service in India, a process that has been in the works since over two years now.
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MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21
Business | Jun 21, 2020, 08:28 PM ISTFintech major MobiKwik on Sunday said it expects to get back to growth trajectory around August-September as digital transactions pick up at offline retailers, and demand in categories like travel returns.
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Digital payments fraud concerns up in India amid COVID-19
Business | May 13, 2020, 03:00 PM ISTAlmost half of Indian consumers are more concerned about digital payments fraud now than when COVID-19 first emerged, said a survey on Wednesday. Nearly one third have been recent victims of card or digital payments fraud or know someone among their immediate family or friends who has, said the study conducted by YouGov and US-based electronic payments company ACI Worldwide.
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42% Indians say have increased use of digital payments during lockdown: Report
India | Apr 14, 2020, 05:00 PM ISTThe nationwide lockdown has benefited digital payment platforms as 42 per cent Indians have increased the use of digital means for payments in the last three weeks, a report said.
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Hefty fine for not using digital payments by January 31, 2020
Business | Dec 31, 2019, 02:49 PM ISTShops, business firms or companies with an annual turnover of Rs 50 crore or more and required to provide digital payment facilities to customers as part of government's stride towards a less-cash economy, will not have to pay any penalty till January 31 for not installing the system.