Tag: Digital Payment

RBI
RBI Introduces Digital Payment Solutions In Offline Mode

RBI Governor said that the pilot of this innovative technology facilitating digital payments in offline mode has been successful and the learnings indicate that there is a scope to introduce such solutions, especially in remote areas.

  • Friday, 08 October 2021
e-RUPI: PM Modi Launches Digital Payment Solution Aimed At Improving Transparency
e-RUPI: PM Modi Launches Digital Payment Solution Aimed At Improving Transparency

e-RUPI is a cashless and contactless instrument for digital payment, an official statement said, adding, it is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries.

  • Monday, 02 August 2021
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Odisha gears up to provide banking service in unbanked GPs

Bhubaneswar: Taking note of the insurmountable difficulties faced by the people, especially in the rural areas, due to the effect of demonetisation, the Odisha government has decided to expedite the process to provide banking service in the unbanked rural areas. A decision to this effect was taken at a high level meeting presided over by […]

  • Tuesday, 20 July 2021
RBI
India refuses to relax data localisation deadline, digital payment firms in a bind

New Delhi: With the government on Monday refusing to relax the Reserve Bank of India’s (RBI) October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time to comply with the guidelines. The RBI guidelines say that all digital payment firms like Google Pay, […]

  • Thursday, 08 July 2021
IRCTC alert for railway passengers, eticket and tatkal booking refund rules
IRCTC: Reserved train tickets booking via digital mode increased

New Delhi: The share of railway tickets booked using digital modes of payment increased to 66 per cent of the total reserved tickets in 2017-18 from 60 per cent in 2016-17, Minister of State for Railways Rajen Gohain told the Rajya Sabha today. This year (till June), approximately 68 per cent of total reserved tickets […]

  • Thursday, 08 July 2021
Holiday_Shopping_360x240
No charges on debit card transactions up to Rs 2,000: FinMin

New Delhi: Customers will no more have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000. Last month, the Union Cabinet had approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through […]

  • Tuesday, 06 July 2021
PayPal launches India operations

Mumbai: After offering cross-border payments in the country for close to a decade, the Global digital payments major PayPal on Wednesday announced its India operations. In a statement issued here PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most popular businesses.” “Merchants offering PayPal will […]

  • Tuesday, 06 July 2021
BSES offers cash back on payment of power bills via Mobikwik

New Delhi: In a move to encourage digital payment of electricity bills on time, BSES, one of the two power distribution companies (discoms) in Delhi, on Thursday announced a cash back scheme by which consumers stand to benefit by up to Rs 300 per month if they pay their bills through the digital payment platform […]

  • Tuesday, 06 July 2021
Google likely to launch payment app 'Tez' in India

New Delhi: Joining the digital payment bandwagon in India, Google is reportedly launching a Unified Payments Interface (UPI)-based digital payment service called “Tez” as early as next week. According to The-Ken.com, on September 18, “Google, Alphabet Inc’s subsidiary, will make an entry into India’s fast growing and super competitive digital payment ecosystem”. According to the website, […]

  • Tuesday, 06 July 2021
paytm
Paytm dominates UPI merchant payment with 60% share

New Delhi: Digital payments firm Paytm on Monday said it enabled seven crore UPI-based merchant transactions out of the total 12 crore transactions in the country in May 2019. The firm has also enabled its 1.2 crore partner merchants so far to accept payments through Paytm BHIM UPI. “The platform clocked over 70 million (seven […]

  • Friday, 30 April 2021
QR-Code-Scan
Scan any QR code to pay using Paytm

New Delhi: In a mega-campaign of Rs 200-250 crore, India’s leading digital payment platform Paytm will now allow scanning of any QR code, be it BHIM UPI, Google Pay, from its app to make an insta-payment at offline retail stores. The move is expected to benefit the small kirana stores which have become well-versed with […]

  • Tuesday, 27 April 2021
SBI Planning To End Debit Card Use; Here's Detail

In a bid to promote digital payments and eliminate plastic cards, the State Bank of India(SBI) may herald the beginning of the end of the ubiquitous debit cards from the banking system. This is despite the huge reliance on debit cards by customers of SBI which services a fifth of the population. “…it is our wish […]

  • Monday, 26 April 2021
Digital-payments
Digital payments growing in India at 12.7% CAGR: KPMG

New Delhi: Digital payments in India are witnessing thriving growth with a compound annual growth rate (CAGR) of 12.7 per cent in the number of non-cash transactions, global advisory KPMG said on Thursday. A KPMG report said that the mobile payment revolution in the country has led to a boom in the number of merchants […]

  • Monday, 26 April 2021
Digital-Payment
'Sluggish digital payment growth in small town India'

New Delhi: Digital payment has been one of the key features of the government’s ‘Digital India’ initiative and online payment platforms and services have indeed spread themselves in the country. However, its penetration and acceptance in the tier-II and tier-III cities still face some obstacles, market players said. According to Credit Suisse report, India’s mobile […]

  • Saturday, 24 April 2021
Digital-Payments
India To Contribute 2.2% Of Global Digital Payment Market By 2023

New Delhi: With the rise in usage of digital modes of transactions and the growing market of digital payment services, India is likely to contribute around 2.2 per cent to the sector by 2023, said a report by the Payments Council of India and PWC. The report titled ‘Empowering payments’: Digital India on the path […]

  • Wednesday, 14 April 2021
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