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Digital Payment News
Alert! Retail investors must use this UPI option to be allowed to invest in IPOs
Mon, Jul 29, 2019
The instant mandate creation ensures real-time application submission.
SBI charges on IMPS, NEFT, RTGS waived off! Transactions free now! Big relief for users from this Digital India push
Fri, Jul 12, 2019
SBI charges on RTGS and NEFT for YONO, internet banking (INB) and mobile banking (MB) customers have been waived off from July 1, 2019.
Budget to boost digital payments; Know what Nirmala Sitharaman said about digital payment ecosystem
Fri, Jul 05, 2019
Reacting to the Budget 2019 proposals, Saurabh Gadgil, CMD, PNG Jewellers; Director and National Vice President, IBJA said Zee Business Online that, "The push for digitalisation and the shift to a cashless economy will strengthen the hand of organised players in the industry, creating transparency and positively impact market sentiment."
Aadhaar architect Nandan Nilekani-led panel on digital payments submits report to RBI
Fri, May 17, 2019
Reserve Bank-appointed committee led by Aadhaar architect Nandan Nilekani submitted its suggestions on promoting digital payments to Governor Shaktikanta Das Friday.
Paytm launches cash-back driven credit card with Citi Bank
Tue, May 14, 2019
Paytm First Card to offer unlimited 1% cash-back on purchases. Watch this video to know more.
Digital payment transaction volumes rise to 244.8 cr in Aug 2018: IT Ministry
Sat, Nov 10, 2018
"New payment modes Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Aadhaar enabled Payment System (AePS) and National Electronic Toll Collection (NETC) have transformed digital payment ecosystem by increasing Person to Person (P2P) as well as Person to Merchant (P2M) payments," the statement by the Ministry of Electronics and Information Technology said.
Bharat BillPay soars in popularity; crosses over 3 crore mark by March 2018
Sat, Apr 14, 2018
Bharat BillPay is a RBI conceptualized ecosystem, managed by NPCI which offers integrated, accessible and inter-operable bill payment services.
Digital payment: Know here all about popular platforms
Sun, Mar 25, 2018
Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.
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.
Retailers say higher MDR nearly doubles merchants' costs
Wed, Dec 13, 2017
Retailers are lamenting the RBI's upward revision of merchant discount rates (MDR), the rate merchants pay banks per card transaction, claiming it has nearly doubled their costs.
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.
Indian Overseas Bank goes live with Bharat Bill Payment system
Sat, Jul 29, 2017
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
MobiKwik partners Samsung Pay for select devices
Sun, Jul 16, 2017
As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, the digital payments firm said in a statement.
How Snapdeal's downfall is Paytm's gain with FreeCharge
Thu, May 11, 2017
While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.
Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger
Mon, Apr 24, 2017
Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.
Digital payments in India reverse trend, grow in March
Wed, Apr 19, 2017
Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."
Nearly 2 crore downloads but less than 50 lakh linked bank accounts on BHIM app
Tue, Mar 21, 2017
Only one-fourth of those who downloaded the BHIM app, or nearly 51 lakh customers have actually linked the app with their bank accounts.
IDFC Bank launches Aadhaar Pay; here's how biometric-based app works
Wed, Mar 08, 2017
Kant is part of the chief ministers committee that will lay out a road map for implementation of digital payments over the next one year.
Digital Currency: Can Samsung Pay dent the Indian market?
Tue, Mar 07, 2017
While Samsung Pay offers a safer option for payment instead of using card, the limited availability of the service on all its smartphone devices is a big hurdle.