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Digital transactions News
NEFT to be available 24x7 from December, RBI announces
Wed, Aug 07, 2019
The RBI has decided to allow 24x7 fund transfers through NEFT from December this year in order to promote digital transactions.
Digital transactions Alert!! Phishing incidents, other frauds growing
Wed, Apr 17, 2019
Although Indians have embraced digital transactions, rampant social engineering and phishing email incidents have led to doubling of financial cybercrimes, reveals FIS PACE report.
India a cashless economy? Digital transactions continue to rise, UPI gains popularity; know how digital payment industry see ache din
Fri, Nov 30, 2018
Not many regions especially the rural areas, have been comfortable in using digital portals. However, electronic payment system has been a success story for the NDA government.
Cash is a pain? Become a cashless king; here is how
Thu, Aug 02, 2018
Dealing with cash is a frustrating experience. How, when and where it disappears is very difficult to keep track of. So, here is a solution that will not get your hands dirty!
Narendra Modi govt to offer discounts, cashback to you for digital transactions? Find out
Mon, Apr 30, 2018
The proposal also seeks to provide cashback benefits, which is being termed as tax credit, to businesses. Businesses can get a cashback based on the quantum of turnover through the digital mode. Sources close to the development informed Zee Business that the proposal that seeks to encourage digital transactions across India will be placed before the GST Council that is supposed to meet on May 4, 2018.
Cashback to biz, price benefit to consumers for digital transactions on anvil
Sun, Apr 29, 2018
The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said.
Good News for NRIs, here is how making remittances just got easier, better
Tue, Feb 27, 2018
IndusInd Bank plans to harness the power of Blockchain technology for facilitating global payments.
E-commerce sector rides on Digital India, note ban
Sat, Dec 30, 2017
More than computer-based Internet penetration and broadband extension, the record growth of smartphones and the 4G network rollout made e-tailing popular even in secondary cities and towns across the country thanks to easy and quick access to information and data on products and services.
51% mobile users in India look at their phones every 10 minutes
Wed, Dec 13, 2017
The KPMG survey report titled 'Me, My Life, My Wallet: A New Customer Engagement Framework', also said that almost 57% people in the country would rather lose their phone than their wallet compared to 61% in UK, 74% in US and 29% in China.
Govt pushes for railway ticket booking via BHIM app
Wed, Dec 06, 2017
In a move to boost cashless transactions, Government of India has started promoting BHIM app for ticket booking, payment facility.
No plans to withdraw bank cheque book facility, says Govt
Fri, Nov 24, 2017
The government has clarified that it has no plans on scrapping the cheque book facility of banks.
PayPal starts payment services in India
Wed, Nov 08, 2017
Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China`s Alibaba-backed PayTM, the country`s leading digital payments firm.
Demonetisation anniversary: Is India a 'less cash' society?
Wed, Nov 08, 2017
Post demonetisation currency in circulation has fallen, while cash withdrawals soar and digital transactions at point of sales terminals also increase, we ask – Is India now a ‘less cash’ society?
Govt plans phase-2 of digital payment push from January 2018
Tue, Nov 07, 2017
The government is working on launching the second phase of promoting digital payments from January, according to an official source.
UPI transaction surged exponentially within year of demonetisation
Sun, Nov 05, 2017
Digital transactions through Unified Payments Interface (UPI) have surged exponentially 77 times within a year of the demonetisation drive.
Only 7% rise in transactions through cards post Demonetistion
Sun, Jul 16, 2017
Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.
Demonetisation impact: Three years of digital payments growth achieved in seven months?
Thu, Jul 13, 2017
Demonetisation has led to higher digital transactions in India which has pushed the country to leapfrog into the future in terms of electronic payments.
Google readies its UPI payment system before Whatsapp
Mon, Jul 10, 2017
AP Hota, MD and CEO, National Payments Corporation of India (NPCI) said that Google has finished testing its UPI system and is currently waiting for the Reserve Bank of India (RBI) to give its nod for the services to begin.
SBI in Nepal launches digital village
Sun, Jul 09, 2017
The digital village initiative has been launched in Jarisingpouwa in Shankarapur Rural Municipality, 25 km east from Kathmandu.
UPI crosses 1 crore transaction in June, says NPCI
Mon, Jul 03, 2017
This is a staggering 10-fold increase in 11 months from barely one million UPI transactions in August 2016 to over 10 million in June this year.