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digital payments News
Hefty fine for not using digital payments by Jan 31, 2020
Tue, Dec 31, 2019
RuPay and UPI are among the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). The MDR is the percentage of the digital transaction that a merchant pays to banks. This cost is most often passed on to the customers.
No MDR charges for transactions done using RuPay, UPI
Sat, Dec 28, 2019
Nirmala Sitharaman has said that from January 1, 2020 the companies with an annual turnover of ₹50 crores or more will have to provide the facility of payment through RuPay Debit card and UPI to their customers and MDR charges will be applicable. #ZeeBusiness #NirmalaSitharaman
Explained - With big push and support from Modi government, how digital payments are flourishing in India
Thu, Nov 14, 2019
Right from the time PM Narendra Modi came to power at the Centre after securing a landslide victory in 2014 Lok Sabha Elections, there has been a huge emphasis on 'Digital India' movement.
Good News! No charges on payments to large companies from November 1
Sun, Oct 20, 2019
Customers who make payments through digital mode have a piece of good news, from November 1, 2019, they will not have to pay any charges on this mode of transactions made to establishments with turnover in excess of Rs 50 crore.
Boost for digital payments! NPCI rationalises merchant discount rate for RuPay Debit Card
Sat, Sep 14, 2019
According to the NPCI notification, MDR has been revised to 0.60% for transaction above Rs 2,000 with a maximum cap of Rs 150 per transaction.
BHIM UPI charges: Digital payments to get cheaper; No fee for transactions below Rs 100
Sat, Aug 31, 2019
National Payments Corporation of India (NPCI) has rationalised BHIM UPI charges for merchant transactions to promote digital payments.
Digital India, Digital Payments to ensure people can benefit more from technology in rural areas: Anurag Thakur
Fri, Jul 26, 2019
Anurag Thakur said that by applying Direct Benefit Transfer (DBT) and Aadhaar-linked Payments (ALP), the government has reduced delays in the payment of wages, curbed corruption and plugged up any leakages in the system.
Big Paytm push! Digital payments company to dole out incentives for kirana retail stores
Thu, Jun 20, 2019
Paytm — a fintech firm that deals in digital payments — announced on Thursday its intent to push peer-to-peer UPI transactions to offline merchant payments at retail kirana stores.
Money Guru: How to avoid over spending? Should you use credit cards?
Thu, Jun 13, 2019
In this episode of Money Guru, you will get to know some important ways to avoid over spending so as to save your hard-earned money. Also, this episode will help you understand pros and cons of credit cards.
Digital payments: MobiKwik registers 400% growth in fund transfer
Mon, Jun 10, 2019
In May 2019, MobiKwik has clocked Rs 362 crore in GTV In the IMPS fund transfer category.
Here's how Debit card payments, ATM withdrawals have grown
Sat, May 18, 2019
Even as ATM withdrawals grew at 15 per cent, number of Point of Sales (PoS) terminals jumped over 27 percent in March 2019 compared to the same period last year, according to data released by RBI.
No cash in ATM? Try these methods for purchases, payments
Thu, Apr 18, 2019
One can always opt for digital methods of payment or the plastic form of currency when there is no immediate availability of cash currency.
Unauthorised surcharge on digital payments weighs on users by banks
Mon, Mar 04, 2019
According to a report by a professor of IIT Bombay, Banks have charged unauthorised surcharge on digital payments weighs on users
Indian Rail’s Biggest Push For Digital Payments: IRCTC IPay
Mon, Mar 04, 2019
In a step forward to digitalize India, Indian Railways has introduced an online payment platform, which is called IRCTC iPay.IRCTC will have full control over payment.
Physical banks will die, physical managers will die: Amitabh Kant
Sun, Nov 04, 2018
"Aadhaar act does not recognise the power of paper. The paper that is used is of no use. The act recognises only biometrics. The paper will again take us to stone age. My strong belief is that India must come up with a privacy law and India must allow private sector to innovate. That is the only way India will move forward," he said.
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.
Real growth potential of internet usage lies in rural sector
Wed, Feb 21, 2018
For the next boost of internet growth, there are certain roadblocks that need to be addressed before the untapped user-base can be converted to internet users.
Pallavi Shroff to join Paytm Board
Mon, Feb 19, 2018
Shroff is presently a director on the boards of many Indian companies, including Maruti Suzuki India, Apollo Tyres, Trident Group, and Juniper Hotels
WhatsApp vs Paytm: Govt body asks WhatsApp to follow guidelines
Sat, Feb 17, 2018
NPCI said that the full-scale public launch of the feature will be permitted only after the Facebook-owned platform meets all the required norms
India Post Payments Bank pan-India roll out from April
Sat, Feb 10, 2018
In 2015, RBI had granted 'in-principle' approval to 11 entities, including the Department of Posts, to set up payments banks