digital payments
Digital Payment Transaction Trends Insights: How India spent money on travel, OTT, gaming, etc. during festive season
Wed, Nov 16, 2022
Credit cards were the most preferred mode of payment this season. Interestingly, credit card users spent about 5 times more than debit card users in 2022 (total expenditure), in spite of the fact that there is 1 credit card for every 12 debit cards.
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UPI to stay on top; BNPL, digi currency to drive digital payments growth in next 5 years: Report
Sun, Apr 17, 2022
Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank Digital Currency (CBDC) and offline payments will drive growth of digital payments in India in the next five years, PwC India said in a report.
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UPI For Feature Phones: Launched! New payment service 123PAY - 3-step method | No internet required - All details here
Tue, Mar 08, 2022
The service christened UPI (unified payments interface) '123PAY' is a three-step method to initiate and execute services for users which will work on simple phones which do not have an internet connection.
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Aapki Khabar Aapka Fayda: RBI to launch digital payment systems for feature phones
Thu, Dec 09, 2021
RBI Governor Shaktikanta Das had announced that it will launch digital payment systems for feature phones. This means that the central bank will allow Unified Payments Interface-based (UPI) products to be available on feature phones, and make an internet-free UPI payments system possible in the upcoming days. The Reserve Bank of India is also set to form a panel to study the charges on digital payments.
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