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  • Mastercard unhappy over PM Modi's promotion of Indian card network RuPay Nov 02, 2018 10:27 AM IST

    Mastercard unhappy over PM Modi's promotion of Indian card network RuPay

    Modi has publicly endorsed the indigenous card payment network, saying using RuPay was like serving the country as its transaction fee stays within India and could help build roads, schools and hospitals.

  • High returns! This person made Rs 1 crore on a Rs 1,590 digital transaction Apr 10, 2017 07:35 AM IST

    High returns! This person made Rs 1 crore on a Rs 1,590 digital transaction

    President Pranab Mukherjee picked up the lucky winners from the 100th draw of lots under digital payments promotion schemes at Rashtrapati Bhavan here.

  • BHIM app crosses 17 million downloads: NITI Aayog Feb 21, 2017 03:36 PM IST

    BHIM app crosses 17 million downloads: NITI Aayog

    "There has been over 17 million downloads of the BHIM app so far," Kant said at a press meet.

  • RBI to set up panel on strengthening cyber security Feb 08, 2017 03:34 PM IST

    RBI to set up panel on strengthening cyber security

    "While banks have taken steps to strengthen their defences, the diverse and ingenious nature of recent cyber-attacks necessitates an ongoing review of the cyber security landscape and emerging threats. Towards this end, an inter-disciplinary Standing Committee on cyber security is being constituted," RBI said in a statement.

  • India Economic Survey 2017: President highlights key schemes to promote digital infra Jan 31, 2017 01:09 PM IST

    India Economic Survey 2017: President highlights key schemes to promote digital infra

    From announcing a BPO promotion scheme for the North East to conversion of three core Kisan Credit cards to Rupay cards, President Mukherjee highlighted key schemes to promote digital transactions and entrepreneurship in India.

  • UIDAI for incentives to merchants using Aadhaar payment system Jan 20, 2017 07:30 PM IST

    UIDAI for incentives to merchants using Aadhaar payment system

    In a bid to promote Aadhaar-based payment system, especially in rural pockets, UIDAI has favoured "incentives" for shopkeepers using the biometric mode for digital transactions, in line with commission given by banks to Business Correspondents.

  • Account balance in Jan Dhan accounts jumps 140% in one year Jan 06, 2017 01:07 PM IST

    Account balance in Jan Dhan accounts jumps 140% in one year

    The number of accounts stood at 262 million compared to 198.3 million on a year-on-year basis. The biggest gain was seen post demonetisation.

  • Govt permits 12 PSU banks to raise Rs 3,000 cr from market Jan 01, 2017 06:36 PM IST

    Govt permits 12 PSU banks to raise Rs 3,000 cr from market

    In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs 3,000 crore via preferential shares over and above the Rs 22,915 crore capital support committed to them in July last year.

  • Over 1 cr rural citizens enrol for digital payments: RS Prasad Dec 28, 2016 08:00 PM IST

    Over 1 cr rural citizens enrol for digital payments: RS Prasad

    Over one crore rural citizens have enrolled for digital payments under the 'Digi Dhan Abhiyan' programme within 20 days of the start of the digital financial literacy campaign, surpassing initial targets, IT Minister Ravi Shankar Prasad said today.

  • Note-ban has RuPay card usage at PoSes surging 7-times: NPCI Dec 27, 2016 08:02 PM IST

    Note-ban has RuPay card usage at PoSes surging 7-times: NPCI

    The RBI-administered retail umbrella body for all retail payment is targeting a daily volume of 5 million transactions through RuPay cards by next December.

  • COMMENT: Here's what saved inflation from crashing Dec 15, 2016 06:14 PM IST

    COMMENT: Here's what saved inflation from crashing

    Lesser-than-expected drop in headline consumer inflation indicates purchases did happen despite the shortage of currency in the system. Data for electronic transfers is also proof of that.

  • Nabard to give Rs 228-cr grant for cashless payment systems Dec 08, 2016 09:52 PM IST

    Nabard to give Rs 228-cr grant for cashless payment systems

    In order to encourage cashless payment modes in rural parts of the country, Nabard today said it will provide a grant of Rs 228 crore for deployment of point of sale machines and procurement of EMV based debit cards for farmers.

  • RuPay card usage jumps 118% in 1st week of demonetisation Dec 02, 2016 09:24 PM IST

    RuPay card usage jumps 118% in 1st week of demonetisation

    RuPay card usage jumped by over 118.6 per cent in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5 per cent.

  • Going cashless: India home to 80 cr digital cards, says Prasad Nov 29, 2016 07:17 PM IST

    Going cashless: India home to 80 cr digital cards, says Prasad

    In conversation with CNBC-TV18, Ravi Shankar Prasad, IT Minister, said the demonetisation drive is a transformative programme to make India more honest.

  • Govt to push for activation of RuPay cards Nov 24, 2016 09:46 PM IST

    Govt to push for activation of RuPay cards

    Delhi government will push for the activation of RuPay Debit cards, linked to Jan Dhan accounts, to help people tide over the cash crisis owing to demonetisation.

  • Card cos, banks asked to waive debit card merchant fees: Srcs Nov 22, 2016 02:03 PM IST

    Card cos, banks asked to waive debit card merchant fees: Srcs

    According to a CNBC-TV18 report, PMO has asked card companies (both RuPay and private card companies) and banks (both public and private banks) to waive the transaction fees also called merchant discount rate (MDR) on debit card usage.

  • See a decline of 25% YoY in November sales: Bajaj Auto Nov 22, 2016 10:02 AM IST

    See a decline of 25% YoY in November sales: Bajaj Auto

    Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.

  • Rupay debit cards can be used at PoS terminal: NPCI Nov 21, 2016 07:36 PM IST

    Rupay debit cards can be used at PoS terminal: NPCI

    There are over 300 million RuPay Debit Cards in circulation and on an average these cards record over 10 lakh transactions on PoS and e-commerce every day, NPCI said.

  • NPCI waives switching fee for RuPay PoS transactions Nov 14, 2016 09:44 PM IST

    NPCI waives switching fee for RuPay PoS transactions

    The switching fee is waived effective November 11 till December 31, 2016, NPCI said in a statement here.

  • Currency printing presses running at full capacity: RBI Nov 13, 2016 10:12 AM IST

    Currency printing presses running at full capacity: RBI

    RBI said the scrapping of Rs 500/1,000 notes cast a huge responsibility on the banking system to "swiftly withdraw" the currency in a smooth and non-disruptive way and to provide new notes of other denominations.

  • No need to panic, debit cards are safe: Finance Minstry Oct 21, 2016 09:00 AM IST

    No need to panic, debit cards are safe: Finance Minstry

    "Only about 0.5 percent of total debit card details were compromised while remaining 99.5 percent cards are completely safe and bank customers should not panic," Department of Financial Services Additional Secretary G C Murmu told PTI.

  • 150 customer complaints received, 90 ATMs compromised: NPCI Oct 20, 2016 12:08 PM IST

    150 customer complaints received, 90 ATMs compromised: NPCI

    Speaking to CNBC-TV8 AP Hota of National Payments Corporation of India said that in September a number of complaints came forth from banks indicating their customer cards were being used in China when they were in India.

  • RuPay market share leaps to 38%, thanks to Jan Dhan Mar 14, 2016 09:00 PM IST

    RuPay market share leaps to 38%, thanks to Jan Dhan

    RuPay cards, launched in 2012 by NPCI, has significantly increased its market share to 38 percent of the total 645 million debit cards in the country, helped by government's financial inclusion scheme Pradhan Mantri Jan Dhan Yojana, says a study.

  • National Payments Corp to launch three cards Sep 07, 2015 03:27 PM IST

    National Payments Corp to launch three cards

    The company will launch a 'Mudra' card, a credit card and an international card, its Chairman M Balachandran told reporters here. NPCI, which had launched the RuPay payment scheme earlier, is in talks with Japanese and Chinese bank card associations to enable Indians avail of international services wherever the two firms are operating.

  • Govt opens plan to boost cashless economy, tackle tax fraud Jun 24, 2015 06:59 PM IST

    Govt opens plan to boost cashless economy, tackle tax fraud

    India is among the most cash-intensive economies in the world, with a cash-to-GDP ratio of 12 percent, almost four times that of markets such as Brazil, Mexico and South Africa, global payments company MasterCard estimates.

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