Digital Payment
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RBI to set up internal ombudsman for digital payment service providers
Business | October 14, 2019 15:28 ISTUse of mobile wallets or digital payment has been grown rapidly in the past few months. Following which, the Reserve Bank of India (RBI) is to set-up an internal ombudsman for digital payment or mobile wallet service providers, including Paytm, PhonePe, Amazon Pay and others.
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NPCI reduces merchant discount rate on RuPay debit cards
Business | September 13, 2019 21:32 ISTThe card-based QR transactions (Bharat QR) MDR also has been reduced to 0.50 per cent with a maximum cap of Rs 150 per transaction, to boost asset lite infrastructure for digital payments.
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Alert! Are you BHIM UPI user? Then here's good news for you; check details
Business | September 01, 2019 6:51 ISTBHIM UPI Charges: In a move to boost digital payments in small and large merchants' transactions across the country, National Payments Corporation of India (NPCI) has revised BHIM UPI charges for large ticket transactions.
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Digital payments growing in India at 12.7% CAGR: KPMG
Business | August 29, 2019 18:02 ISTA 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. Besides, the number of merchants accepting digital payments modes has increased to over 10 million in a short span of two to three years.
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Wary of fake apps, many shopkeepers shy away from digital payment
India | July 04, 2019 22:20 ISTWith the growing popularity of payment apps based on Unified Payments Interface (UPI), a subsidiary of National Payments Corporation of India (NPCI), scamsters are on the hunt. The phenomenon of fake Paytm apps ripping off shopkeepers has become frequent in recent times.
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Facebook accused of copying Calibra logo from online bank
Technology | June 21, 2019 12:58 ISTFacebook has been accused of using a logo for its new cryptocurrency play, similar to the logo of an online banking company called 'Current'.
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Digital Payment will soon be country’s norm: Finance Ministry
India | September 04, 2018 6:42 ISTThe real-time bank-to-bank payment system on mobile platform UPI registered 312.02 million transactions in August, up by 32 per cent in July.
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Paytm refutes reports of sharing Indian users’ data with third parties
Technology | May 26, 2018 16:58 ISTA report was doing rounds on the social media that Paytm is sharing its users's data with third parties.
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Feature to send money through WhatsApp not yet available in India
Technology | February 12, 2018 12:42 ISTThere will be an official announcement when the feature finally goes live in India
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Card transactions soar 84% in Sep 2017 to Rs 74,090 crore: Report
Business | November 19, 2017 12:10 ISTThe debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to the same month last year when it stood at Rs 40,130 crore.
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Digital payment giant PayPal launches India operations
Technology | November 08, 2017 13:14 ISTAt launch, Indian consumers can use PayPal to shop online at some of India's most popular businesses.
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Latur girl bags Rs 1 crore prize for digital transaction
News | April 15, 2017 8:52 IST
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