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Digital Payment News
Now, know balance without even touching your phone - Here is how
Mon, May 04, 2020
Amid COVID-19 outbreak, merchant payment and lending network provider BharatPe on Monday launched two applications.
Want to do online transactions? Here are 5 methods you can use
Wed, Apr 29, 2020
If demonetisation was the initial event required to push India towards a digital economy, the COVID-19 crisis could act as a huge catalyst to achieve that goal. With people staying indoors and maintaining social distancing, the best way to complete any transaction is through an online mode of payment.
UPI likely fastest digital product to hit 1 billion transactions-a-month, report claims
Fri, Feb 28, 2020
Unified Payments Interface (UPI) is the fastest product to hit 1 billion transactions-a-month in 2019, according to a report by Worldline India; UPI facilitated transactions worth INR 18.36 trillion, up 214 pct from 2018
At 94 pct debit cards lord it over Indian card business, report says
Thu, Feb 27, 2020
Debit cards own about 94% of total cards issuance share according to 'the India Digital Payment Report' published by Worldline India, taking a lion's share of the card business in India
RBL Bank vs HDFC Bank vs SBI vs Axis Bank vs ICICI Bank: Banks in rush to serve customers vis PoS
Thu, Feb 27, 2020
Digital Payment in India: RBL Bank, HDFC Bank, SBI, Axis Bank and ICICI Bank emerged as top 5 in 2019
UPI, debit cards, credit cards, IMPS: How Indian consumers paid in 2019
Thu, Feb 27, 2020
Digital Payment in India: Indian consumers are gradually moving to digital payment modes, a Worldline report says; an on-year increase in adoption of traditional as well as new retail payment products seen
Beware of Payment Apps KYC FRAUD! Delhi Police has very important tips for you
Tue, Feb 04, 2020
We keep hearing many stories when innocent people have been duped of their hard-earned money due to fraudulent activities.
PhonePe leads in functionality, user experience in India: Report
Wed, Dec 18, 2019
Bengaluru-headquartered PhonePe currently has over 175 million registered users in the country. It is accepted as a payment option across 80 lakh MSMEs in over 215 cities in India and over 56 per cent of its transactions are now driven by users in Tier II and III cities.
Big thumbs up for Modi government UPI project! Now, even Google wants America to get such successful digital payment system
Sun, Dec 15, 2019
Everyone knows that PM Narendra Modi-led government laid huge emphasis on its ambitious project of Digital India, and Unified Payments Interface (UPI).
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.