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Digital transaction News
Digital transactions in India could be worth $1 trillion annually by 2025, says a report
Tue, Mar 13, 2018
Digital transactions in India: Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape, it said adding unified payments interface (UPI) transactions are a key driver of greater financial inclusion.
This UPI solution to ensure real-time fraud prevention
Fri, Mar 09, 2018
UPI-enabled transactions crossed the 151.7 million mark in January, undergoing a 4% increase from the 145.5 million transactions registered in December 2017.
‘Data breach’ at PNB! 10,000 credit and debit cards details affected: Report
Fri, Feb 23, 2018
PNB fraud: The discovery of fraudulent transactions and data breach highlight the weak operational controls and corporate governance at the Punjab National Bank.
Amazon allows shopping upto Rs 10,000 through UPI apps
Tue, Feb 20, 2018
A customer can register through any of the UPI apps like BHIM, and enjoy payment facility on Amazon using his/her ID.
Do you know credit cards can help you save big on fuel purchase
Thu, Feb 15, 2018
Petrol and diesel price revision in various cities are determined by global crude rates, rupee-dollar exchange rate along with excise duty and VAT levied by the ministry and the state government.
Will govt take measures to upgrade digital infra in Budget 2018?
Thu, Jan 25, 2018
Transactions through digital means rose 6.05% to 1.06 billion in December 2017 from 997.1 million in November.
RBI rationalises framework for Merchant Discount Rate; details you need to know
Wed, Dec 06, 2017
Performance debit card transaction at point of sales (POS) terminal has seen major boost after the announcement of demonetisation drive.
Cheque, cash transactions moderate post demonetisation: RBI study
Sat, Nov 25, 2017
Demonetisation were meant for flushing out black money, eliminate Fake Indian Currency Notes (FICN), to strike at the root of financing of terrorism and to give a big boost to digitalisation of payments to make India a less cash economy.
RBI study claims major drop in cash payments after note-ban
Sat, Nov 25, 2017
The government had on November 8 last year surprisingly cancelled all the banknotes in the Rs 1,000 and 500 denominations, which was around 86% of the money in circulation, with multiple objectives.
Card transactions soar 84% in to Rs 74,090 crore: Study
Sun, Nov 19, 2017
The transaction volume at all points of sale (POSes) clipped higher by 86% to 378 million in September this year over the same period last year when it stood at 203 million, European payment solutions provider Worldline said in a weekend report quoting the Reserve Bank data.
1-year of demonetisation: Did India see a cash-less economy?
Wed, Nov 08, 2017
November 08,2017, comes as a very special day for PM Narendra Modi and his government has it marks the one year anniversary of their biggest reform "Demonetisation" or commonly known as notebandi.
You can soon buy petrol, diesel online
Thu, Sep 28, 2017
Oil Ministry plans took make petrol and diesel products available for Indian citizen. So far, only price change in these petroleum products can be seen online.
Has demonetisation helped India become a less-cash economy?
Fri, Sep 01, 2017
On November 08, PM Narendra Modi banned old Rs 500 and Rs 1000 with an objective to tackle black money, make India a cashless economy and expand the country's tax-base.
Steps taken to bring down cost of digital transactions:FM Jaitley
Sun, Aug 27, 2017
Digitisation has to reach down to the village level as cash mode of transactions is always insecure, Finance Minister Arun Jaitley said.
Investing in mutual funds? Beware of frauds before giving personal details
Wed, Jul 26, 2017
According to a report by Indian Computer Emergency Response Team, which is part of Ministry of Electronics and Information Technology, revealed that in every 10 minutes, one cybercrime is reported in India.
RBI makes transactions from ATM, Credit Card and Online safer; Here's what you need to know
Sat, Jul 08, 2017
To make customers feel safe about carrying out various electronic banking transactions, the RBI has come up with rules that will be needed to followed by both banks and customers.
Digital payments rose last year more than the past five years, Niti Aayog says
Mon, Jul 03, 2017
According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.
RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
Transaction charges: Which is the cheapest mode of money transfer between UPI, IMPS and NEFT?
Thu, Jun 08, 2017
UPI distinguished itself from other digital payment mode because of its no charges from banks, one-touch.
MNP for banks if RBI has its way; will you gain from it?
Thu, Jun 01, 2017
Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.