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Digital transaction News
Paytm users alert! Now, you have to pay 2 per cent fee for adding money to wallet from this method
Sun, Oct 18, 2020
It's an important news for you if you use Paytm and add money to e-wallet using a credit card.
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
Digital transactions become easy! Now, make instant cashless payments via UPI on Vyapar app
Mon, Aug 26, 2019
The free billing, inventory and GST software application, Vyapar has enabled UPI payments (Unified Payment Interface) to complete digital payments. The partnership will now allow merchants or users to pay digitally using UPI payment option through the Vyapar App.
Cashless Drive! Budget 2019 confirms government’s continuous focus on digital payments, says NCPI CEO Dilip Asbe
Fri, Jul 05, 2019
Asbe believes, in next 5 year, with RBI and government efforts, India could emerge as innovation hub for digital payments.
Digital payments company Paytm says not charging extra for digital transactions
Mon, Jul 01, 2019
Digital wallet Paytm on Monday refuted reports that it is going to charge users extra amount for digital transactions on its platform.
Are you carrying out a money transaction digitally? Find out which is better - UPI vs IMPS
Wed, May 22, 2019
One of the charms for using digital payment apps is that they are hassle free.
Digital transactions on rise in Jharkhand
Mon, Mar 11, 2019
Digital transaction is on the rise in the tribal state of Jharkhand with the number of net banking users growing more than 4 lakh in the last one year, according to a report released here on Monday.
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.
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.
‘Data breach’ at PNB! 10,000 credit and debit cards details affected: Report
Fri, Feb 23, 2018
PNB fraud: The discovery of fraudulent transactions and data breach highlight the weak operational controls and corporate governance at the Punjab National Bank.
Amazon allows shopping upto Rs 10,000 through UPI apps
Tue, Feb 20, 2018
A customer can register through any of the UPI apps like BHIM, and enjoy payment facility on Amazon using his/her ID.
Do you know credit cards can help you save big on fuel purchase
Thu, Feb 15, 2018
Petrol and diesel price revision in various cities are determined by global crude rates, rupee-dollar exchange rate along with excise duty and VAT levied by the ministry and the state government.
Will govt take measures to upgrade digital infra in Budget 2018?
Thu, Jan 25, 2018
Transactions through digital means rose 6.05% to 1.06 billion in December 2017 from 997.1 million in November.
RBI rationalises framework for Merchant Discount Rate; details you need to know
Wed, Dec 06, 2017
Performance debit card transaction at point of sales (POS) terminal has seen major boost after the announcement of demonetisation drive.
Cheque, cash transactions moderate post demonetisation: RBI study
Sat, Nov 25, 2017
Demonetisation were meant for flushing out black money, eliminate Fake Indian Currency Notes (FICN), to strike at the root of financing of terrorism and to give a big boost to digitalisation of payments to make India a less cash economy.
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.