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  • Explained | All you need to know about e-RUPI, a new digital payment solution Aug 02, 2021 03:12 PM IST

    Explained | All you need to know about e-RUPI, a new digital payment solution

    PM Narendra Modi will inaugurate a new digital payment, e-RUPI, on August 2 via video conferencing. e-RUPI is a cashless and contactless medium for digital payment. Here's everything you need to know about it.

  • PhonePe touches 300 million lifetime registered users milestone Jun 02, 2021 05:56 PM IST

    PhonePe touches 300 million lifetime registered users milestone

    PhonePe reported 125 million monthly active users (MAU) and an annualized TPV run-rate of over USD $390 billion in May this year,

  • Paytm launches point of sale app that converts phones into card payment machines Mar 09, 2021 05:33 PM IST

    Paytm launches point of sale app that converts phones into card payment machines

    With this PoS application, a merchant will be able to accept payments through a debit or credit card just like a normal EDC machine - by tapping the card on the back of their smartphones.

  • RBI issues master direction to ensure security of digital payments Feb 18, 2021 10:57 PM IST

    RBI issues master direction to ensure security of digital payments

    The provisions of these directions would apply to the Regulated Entities (REs)– Scheduled Commercial Banks, Small Finance Banks, Payments Banks; and Credit card issuing NBFCs.

  • 2.5 lakh FASTags were sold, toll collection at Rs 95 crore on February 17 Feb 18, 2021 02:35 PM IST

    2.5 lakh FASTags were sold, toll collection at Rs 95 crore on February 17

    Almost 60 lakh FASTag transactions were reported on February 17, which is 16 percent higher than last week.

  • COVID-19 update | Kirana stores witness 96% rise in AePS transaction volumes during lockdown: PayNearby report Jan 12, 2021 04:31 PM IST

    COVID-19 update | Kirana stores witness 96% rise in AePS transaction volumes during lockdown: PayNearby report

    The growth was a direct result of the government's various relief funds disbursed to support people during the pandemic and primarily led by rural and semi-urban areas, which witnessed a growth of 61 percent and 60 percent in transaction volumes, says PayNearby's Pan-India report titled ‘Retail-O-Nomics.

  • Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report Jan 11, 2021 10:31 AM IST

    Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report

    The proposal includes “discounted MDR on RuPay to make it competitive with Visa and Mastercard” bank cards, and flat, “slab-based MDR on UPI transactions.”

  • How India has adopted digital payments through 2020 Dec 30, 2020 12:11 PM IST

    How India has adopted digital payments through 2020

    While almost every payment mode suffered a fall during April and started picking up in the second half of the year, exception was RuPay cards for PoS transactions at offline merchants, which are still below pre-Covid numbers and UPI on the other end which grew strongly over the last few months.

  • Razorpay eyes $50 billion digital payment volume by December 2021, launches new products Dec 18, 2020 10:10 PM IST

    Razorpay eyes $50 billion digital payment volume by December 2021, launches new products

    RazorpayX (its neo-banking platform) has partnered with Plum and ICICI Lombard and will offer health insurance to companies with teams as small as two employees.

  • 'Digital gold' becomes new war zone for PhonePe, Google, Paytm, and Amazon in India Dec 07, 2020 10:36 PM IST

    'Digital gold' becomes new war zone for PhonePe, Google, Paytm, and Amazon in India

    PhonePe has emerged to be the largest platform for buying 'digital gold' with over 35 per cent market share. So far, customers from over 18,500 pin codes across India have bought gold on PhonePe, mainly from small towns and cities.

  • FASTags made mandatory for all four-wheelers and purchase of third-party insurance from January 1 Nov 07, 2020 09:54 PM IST

    FASTags made mandatory for all four-wheelers and purchase of third-party insurance from January 1

    All four-wheelers or M and N category of motor vehicles sold before December 2017 will have to opt for FASTags from January 1, 2021, onwards

  • To charge or not to charge for digital payments—debate rages on Sep 01, 2020 01:53 PM IST

    To charge or not to charge for digital payments—debate rages on

    While a segment of bankers is in favour of charges, experts say players need to find alternatives and not charge customers for digital transactions to encourage a shift away from cash. Payments startups, too, want the transactions to be free of cost.

  • How kirana shops are driving the cashless revolution in India Aug 26, 2020 11:22 AM IST

    How kirana shops are driving the cashless revolution in India

    It’s a win-win situation. Customers are keen on contactless transactions for the sake of safety and local grocers are now accepting digital payments for the same reason. And that has taken the volume and value of digital transactions to new highs during the lockdown.

  • Digital payments market in India likely to grow 3-folds to Rs 7,092 trillion by 2025: Report Aug 23, 2020 06:15 PM IST

    Digital payments market in India likely to grow 3-folds to Rs 7,092 trillion by 2025: Report

    The country's digital payment market was worth around Rs 2,162 trillion in 2019-20, RedSeer Consulting said in its report.

  • How Wirecard’s fall is likely to impact the FinTech industry Jul 18, 2020 08:30 AM IST

    How Wirecard’s fall is likely to impact the FinTech industry

    While regulations may imply safeguards, it is up to the industry players to instil and increase stakeholders’ confidence in the growth story of the FinTech and payments industry

  • Riding the technology wave in emerging payments space Jun 04, 2020 05:21 PM IST

    Riding the technology wave in emerging payments space

    As mobile technology evolves, more and more consumers are expected to use alternate payment methods to shop.

  • EXCLUSIVE: Recurring payments on UPI set to start; payment apps boost tie-ups with lending platforms for EMIs May 27, 2020 02:59 PM IST

    EXCLUSIVE: Recurring payments on UPI set to start; payment apps boost tie-ups with lending platforms for EMIs

    Sources say that NPCI is working on the product and could go live with select banks in the next couple of months.

  • Security, positive reviews topmost considerations for online shoppers: Report Mar 30, 2020 07:33 PM IST

    Security, positive reviews topmost considerations for online shoppers: Report

    Surprisingly, only around one in three SEA consumers consider loyalty rewards to be an important factor in choosing an online shopping destination.

  • UPI usage at all-time high, February records 132 crore transactions Mar 03, 2020 03:55 PM IST

    UPI usage at all-time high, February records 132 crore transactions

    Immediate Payment Service (IMPS) transactions have been on the decline in the meantime.

  • Coming in July, a digital payments index: RBI Feb 06, 2020 06:19 PM IST

    Coming in July, a digital payments index: RBI

    It would act as a benchmark for measuring the penetration of various digital payment modes in the country

  • CBDT to fine businesses Rs 5,000/day for not using digital payment facilities Jan 01, 2020 09:09 AM IST

    CBDT to fine businesses Rs 5,000/day for not using digital payment facilities

    This will be applicable to companies with an annual turnover of more than Rs 50 crore

  • How to build consumer confidence in Digital Transactions Dec 24, 2019 07:47 PM IST

    How to build consumer confidence in Digital Transactions

    In the day and age when data breaches are everyday occurrences, here are the measures that online payment gateways and merchants can take to increase consumer confidence in digital transactions.

  • Banks and fintech wrap 2019: Repo-linked loans, PSB mergers, digital payment boom and PMC Bank crisis Dec 20, 2019 08:53 AM IST

    Banks and fintech wrap 2019: Repo-linked loans, PSB mergers, digital payment boom and PMC Bank crisis

    With loans being linked with repo-rate, when interest rates decline, your loan rate will also decrease correspondingly

  • Demonetisation: Digital payments, wallets on the rise; but cash is still king Nov 08, 2019 03:57 PM IST

    Demonetisation: Digital payments, wallets on the rise; but cash is still king

    Using digital methods for payments was a compulsion after demo, but has now become a habit for many

  • India signs MoU with Saudi to launch RuPay card in Gulf Kingdom Oct 30, 2019 08:22 AM IST

    India signs MoU with Saudi to launch RuPay card in Gulf Kingdom

    The RuPay card is a first-of-its-kind Indian domestic Debit and Credit Card payment network, with acceptance at ATMs, POS devices and e-commerce websites. It was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.

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