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  Har Payment Digital: RBI launches mission to make every citizen a user of digital payment

  March 06, 2023 21:30 IST

  Reserve 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 | January 12, 2023 21:22 IST

  Paytm'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 | November 01, 2022 12:24 IST

  As 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 | July 27, 2022 20:09 IST

  The 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 | June 16, 2022 17:17 IST

  Contactless 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

  June 09, 2022 11:48 IST

  UPI 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 | February 08, 2022 18:47 IST

  A 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 | February 02, 2022 14:20 IST

  Ashneer 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 | December 08, 2021 15:45 IST

  Entities 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 | September 14, 2021 11:48 IST

  PayNow 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 | August 25, 2021 18:24 IST

  With 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 | August 02, 2021 17:50 IST

  Prime 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 | February 01, 2021 13:40 IST

  FM 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 | August 24, 2020 22:28 IST

  The 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 | June 25, 2020 11:03 IST

  After 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 | June 21, 2020 20:28 IST

  Fintech 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 15:00 IST

  Almost 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 | April 14, 2020 17:00 IST

  The 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 | December 31, 2019 14:49 IST

  Shops, 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.

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  Want to shop for Rs 10,000? RBI proposes new prepaid card for digital transactions

  Business | December 05, 2019 15:17 IST

  The Reserve Bank on Thursday proposed to introduce a prepaid payment instrument (PPI) that could be used only for transactions of goods and services worth up to Rs 10,000. PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement issued post announcement of the monetary review on Thursday.