Wed, Dec 27, 2023
Digital payment growth India, Rupay debit cards, UPI: The Ministry plans to infuse Rs 5,016 crore during fiscal year 2023–24—up from Rs 2,600 crore in 2022–23—to compensate for the discontinued “merchant discount rate” (MDR) that was to be collected as a transaction charge by the merchant and paid to his acquirer bank.
Mon, Dec 04, 2023
According to a study by Techarc, around 98 per cent of retailers in India accept digital payments and 84 per cent of them are using WhatsApp to receive orders.
Mon, Sep 25, 2023
The survey said that 87 per cent of consumers in metropolitan cities and 86 per cent across tier-2 cities (population 10-40 lakh) prefer to shop online for the festive period.
Fri, Aug 11, 2023
The report also said that friends and family exert the strongest influence (63 per cent) on users when it comes to buying a smartphone and smart devices.
Fri, Jun 02, 2023
The Reserve Bank of India (RBI) on Friday issued a draft master direction on cyber resilience and digital payment security controls for payment system operators.
Tue, Mar 07, 2023
India’s digital payments and QR code pioneer Paytm is known for enabling quick and convenient UPI payments for users with the best success rate in the industry.
Wed, Feb 08, 2023
The Ministry informed that Growth of Digital Payments in India and availability of various easy and convenient digital payment solutions have facilitated ease of living for citizens, financial inclusion, and growth of business and economy.
Wed, Jan 11, 2023
“UPI is deeply ecosystem-driven and tech-driven driving transformation of the payment industry in India,” Praveena Rai said adding that technology stack to ensure a seamless user experience was crucial
Tue, Dec 06, 2022
UPI, debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed on Dec 6
Sun, Oct 16, 2022
"The Indian fintech market has received $29 billion in funding across 2,084 deals to date (January 2017-July 2022), gaining 14% share of the global funding and ranking #2 on the deal volume," CEO of PaySprint S Anand informed.
Thu, Sep 01, 2022
Of the other data sets on the NCPI framework, the instant transfer-based IMPS clocked transactions worth Rs 4.46 lakh crore in August, relating to a total of 46.69 crore transactions.
Sat, Jul 02, 2022
India has made significant progress and moved to a leadership position in large-value digital payment systems, though it is still weak in certain parameters relating to ATMs and card payments, an RBI report said on Friday.
Wed, Apr 06, 2022
Paytm said on Wednesday it should be able to achieve a breakeven for a key metric of profitability in one-and-a-half years.
Sat, Jan 08, 2022
CASHe has disbursed over Rs 1,000 cr worth of loans in 9 months of this fiscal year alone and is all set to disburse over 1400 crores in FY 21-22, thereby growing by over 100 percent over its previous year, a company statement claimed
Wed, Dec 22, 2021
The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) on Wednesday urged the Reserve Bank of India (RBI) to extend the card-on-file (CoF) tokenisation deadline of December 31 for merchants.
Fri, Dec 17, 2021
Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October, according to data provided by credit card bill management platform CRED.
Thu, Oct 07, 2021
Visa, a digital payments platform, on Thursday launched its card-on-file (CoF) tokenisation services in India in line with the recently issued RBI guidelines.
Tue, Sep 14, 2021
This will allow users of each of the two fast payment systems to make instant, low-cost fund transfers on a reciprocal basis without a need to get onboarded onto the other payment system
Sun, Jun 20, 2021
PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an increasingly competitive digital payments sector
Mon, May 17, 2021
It is always very important for people to stay alert from online frauds while performing online transactions or while even downloading mobile or web applications from unknown sources. Taking these frauds seriously, the State Bank of India (SBI) has alerted its customers.
Thu, May 06, 2021
SBI Alert – Account holders of SBI or any other bank, you must know this fact about the QR codes. Never scan a QR Code if somebody is luring you with a promise of sending money into your accounts by scanning a code they sent. SBI has also recently warned its customers to not fall prey to any such offers where somebody is offering you money by asking you to scan QR Code
Wed, Apr 07, 2021
With an aim to boost the digital payments in the country, the Reserve Bank of India (RBI) on Wednesday has made and important announcements that could transform your mobile wallets into debit card like facilities.
Good news for those who use online banking modes like the RTGS and NEFT for making payments. RBI has increased the ambit of the RTGS and NEFT payment modes to non-bank entities payment space including Prepaid Payment Instrument (PPI) issuers, Card Networks, White Label ATM (WLA) operators, Trade Receivables Discounting System (TReDS) platforms)
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