Digital Transaction
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UPI increases convenience but leading to another problem: Here's what experts have to say
Apps | May 11, 2024, 02:19 PM ISTDigital transactions via UPI are increasing in India. As per NPCI data, there has been a 50 percent increase in UPI transactions on a year-on-year basis in April this year but this is also leading to a new problem.
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UPI usage in India hits all-time high, global trends follow: Report
Technology | Sep 14, 2023, 02:12 PM ISTIn August, UPI-based payments in India achieved a milestone by surpassing 10 billion monthly transactions for the first time, as reported by the National Payments Corporation of India (NPCI). Monthly transaction counts on UPI reached 10.24 billion, with a net transaction value of Rs 15.18 trillion.
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RBI likely to start digital rupee pilot in call money market by next month
Business | Sep 10, 2023, 01:30 PM ISTThe introduction of CBDC was announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934, were made with the passage of the Finance Bill 2022.
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Mann Ki Baat | PM Modi says small online payments helping build big digital economy
India | Apr 24, 2022, 12:23 PM IST"Mann ki Baat" is the Prime Minister's monthly radio address, which is broadcast on the last Sunday of every month at 11 am.
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RBI lifts all restrictions on HDFC Bank; permits new digital launches
Business | Mar 12, 2022, 05:41 PM ISTDigital 2.0 programme of the bank is designed to provide products to its customers for frictionless financial experience. It will help customers to move from a single transaction to a complete financial solution journey such as loan disbursement, payments and investment.
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Banks to refund charges collected after Jan 1 on UPI, RuPay payments
Business | Aug 30, 2020, 11:20 PM ISTThe Central Board of Direct Taxes (CBDT) on August 30 asked banks to refund any charges they collected after January 1 on transactions made through electronic means. According to a circular, this comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI.
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Nearly half of consumers worried about frauds in digital transactions: Study
Business | May 13, 2020, 03:57 PM ISTNearly half of Indian consumers are more worried about frauds while making digital transactions amid the coronavirus crisis, shows a study.
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HDFC, ICICI ask customers to go digital amid coronavirus outbreak
Business | Mar 22, 2020, 11:29 PM ISTPrivate sector banks HDFC and ICICI have asked customers to use digital means for transactions and said they have reduced their staff in office as a precautionary measure against the spread of coronavirus.
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Getting a new credit, debit card after March 16? This is what you need to know
Business | Mar 15, 2020, 03:02 PM ISTBank customers who are expecting the issuance of their new credit, debit cards after March 16 should know about a number of things that they will have to keep in mind while doing any type of transactions after 16th March.
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RBI introduces new prepaid payment card for digital transaction up to Rs 10,000
Business | Dec 25, 2019, 07:47 AM ISTThe Reserve Bank has introduced a new type of prepaid payment instrument (PPI) which could be used only for the purchase of goods and services up to a limit of Rs 10,000 per month.
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Not charging extra for digital transactions: Paytm
Technology | Jul 01, 2019, 12:50 PM ISTDigital payments app Paytm, clarifies no transaction fee from our customers on using any payment method
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Paytm Payments Bank ahead of major banks in digital transaction target; yet to overtake SBI
Business | Jun 07, 2019, 02:25 PM ISTAs of April 2019, Paytm Payments Bank had more than Rs 500 crore deposits in savings accounts, which makes it the largest payments bank in India in terms of deposits.
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RBI to rationalise charges on debit card transactions
Business | Dec 06, 2017, 04:30 PM ISTAn RBI draft report had made a case for restructuring MDR on the basis of merchant turnover rather than the present slab-rate based on transaction value.
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Indian consumers keen to adopt new forms of digital payment: Visa
Business | Nov 14, 2017, 04:11 PM ISTGlobal payment solutions company Visa today said there is a high inclination among Indian consumers to embrace new forms of payments, according to a study.
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One year of demonetisation: Rise in digital transactions, number of tax payers, claims Gadkari
National | Nov 08, 2017, 03:02 PM ISTGovernment's demonetisation decision a year ago led to 58 per cent growth in digital transactions and an increase in the number of tax payers, Union minister Nitin Gadkari said today.
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Aadhaar can reduce digital transaction cost to almost nil: NITI Aayog
Sep 13, 2017, 10:03 PM ISTTransaction cost on payments made by credit cards stand at 3.5 per cent while payments through debit cards attract 1.25-1.50 per cent transaction charges
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Latur girl bags Rs 1 crore prize for digital transaction
News | Apr 15, 2017, 08:52 AM IST