Articles for Digital Payment

Adani Group to enter UPI, digital payment, credit card business: Report
6 months, 3 weeks ago

Adani Group to enter UPI, digital payment, credit card business: Report

Hindustan Times  

Gautam Adani-led Adani Group may enter ecommerce and payments segments as the conglomerate plans to diversify into the fast-growing market, it was reported. Adani Group is planning to work on a digital business to compete with Google and Mukesh Ambani-helmed Reliance Industries, Financial Times reported citing people in the know. It may also apply for a licence to operate on …

Adani Digital Payment
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
7 months, 2 weeks ago

Judge grills Apple exec about whether company is defying order to enable more iPhone payment options

Associated Press  

OAKLAND, Calif. — A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital services. Gonzalez Rogers’ order requires Apple to allow app developers to display links to other …

Apple Digital Epic Judge Company Alternative Gonzalez
Parliamentary panel asks govt to promote Indian fintech players
10 months, 1 week ago

Parliamentary panel asks govt to promote Indian fintech players

Hindustan Times  

The parliamentary standing committee on communications and information technology has asked the government to promote local Indian players in the fintech sector following a submission by the ministry of electronics and information technology which said that Walmart-owned PhonePe and Google Pay account for 83.3% of the UPI market in the county. Tabled in Lok Sabha on February 8, the panel’s …

India Digital Payments Indian Information Technology Pay Volume Committee
Google bets on digital payments to tap India's vast SME sector
1 year ago

Google bets on digital payments to tap India's vast SME sector

Live Mint  

Google is betting on digital payments and wants to tap into the SME sector in India. Sanjay Gupta, country head and vice president of Google India, in an conversation with Mint, outlined the company's future direction and revenue models. I joined Google four years back, and this is one of the most exciting times in India. In the last three …

Technology Economy Media World Money Indian Google
Mann Ki Baat: PM Modi urges people to make only digital payments for one month
1 year ago

Mann Ki Baat: PM Modi urges people to make only digital payments for one month

India TV News  

Mann Ki Baat: Expressing satisfaction over the decline in cash payments during the festive season, Prime Minister Narendra Modi on Sunday urged people to make payments only through UPI or any digital medium and not use cash for a month. He said a direct example of this was seen during this festive season when people opted to buy local products …

India Local Payments Digital Country Minister Season
Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 2 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

India Payments Digital Payments Credit Cards Billion Cards Yoy
German minister ‘fascinated’ as he checks out India's UPI system
1 year, 4 months ago

German minister ‘fascinated’ as he checks out India's UPI system

Hindustan Times  

The German embassy in India on Sunday lauded India's digital infrastructure and termed it one of the country's success stories. The praise came after Germany's Federal Minister for Digital and Transport, Volker Wissing used UPI to make a transaction in India and was left “fascinated.” German ambassador checks out the UPI system. Federal Minister for Digital and Transport @Wissing was …

India France Digital Payment Minister German Upi
Liquor Sale Payments Go Online in AP
1 year, 5 months ago

Liquor Sale Payments Go Online in AP

Deccan Chronicle  

Vijayawada: Liquor sale payments have gone online in Andhra Pradesh as digital transactions through QR code as also debit and credit cards are being accepted on purchase of liquor by consumers at government retail outlets. There exist 2,934 government liquor retail outlets run by the AP state beverages corporation for sale of liquor. However, with a majority of the liquor …

Sale Liquor Digital Payment State Outlets Liquor Outlets
India tops world ranking in digital payments in 2022, leaves behind THESE countries including China
1 year, 6 months ago

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

India TV News  

Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the …

India China Payments Digital Payments Transactions Mygovindia Digital Payment
Har Payment Digital: RBI launches mission to make every citizen a user of digital payment
1 year, 9 months ago

Har Payment Digital: RBI launches mission to make every citizen a user of digital payment

India TV News  

Reserve Bank of India governor Shaktikanta Das launched the "Har Payment Digital" mission on Monday, as part of the Digital Payments Awareness Week 2023. Image Source : PIB TWITTERHar Payment Digital: RBI launches mission to make every citizen a user of digital payment The HPD mission will run until the period of Vision 2025, to convert non-users into users of …

India Digital Payments Mission User Rbi Every Citizen Digital Payment
Explained: How RBI is using technology to operationalise e-rupee? 10 points
2 years, 2 months ago

Explained: How RBI is using technology to operationalise e-rupee? 10 points

Hindustan Times  

The Reserve bank of India on Friday came up with a concept note detailing plan of introducing its own digital currency - the Central Bank Digital Currency. RBI is planning to start the e-rupee project on a pilot basis The RBI in its 51-page concept note detailed various aspects including the technological measures to operationalise its electronic currency, its underlying …

Data Currency Rbi System Cbdc Digital Payment
RBI says e-rupee will bolster India's digital economy, pilot launch soon
2 years, 2 months ago

RBI says e-rupee will bolster India's digital economy, pilot launch soon

Hindustan Times  

The Reserve Bank of India on Friday released a concept note on its digital currency, stating that it will soon begin the pilot launch e-rupee for specific use cases. In a statement, the central bank said the purpose behind the issue of the concept note is to create an awareness about the central bank digital currency and the planned features …

India Bank Digital Digital Currency Currency Central Rbi
Digital currency to bring down time, cost for cross-border transactions: RBI’s Sankar
2 years, 3 months ago

Digital currency to bring down time, cost for cross-border transactions: RBI’s Sankar

The Hindu  

Central bank digital currency, to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T. Rabi Sankar said on Wednesday. Explained | RBI’s digital currency plans Observing that India has an excellent, cheap and fast domestic payments system, he said the cost of cross-border payment, however, is still high. …

India Digital Digital Currency Payment Rbi Cbdc Sankar
How can you add a bank account in Paytm?
2 years, 3 months ago

How can you add a bank account in Paytm?

Firstpost  

Paytm has a 14 percent market share of the digital payment space, according to a report from PhonePe and Boston Consulting Group. Paytm allows users to add their bank account to the app using the UPI system and then make digital payments easily. Here’s how to add a bank account to your Paytm app. Step 3: Here you will get …

Digital Payments Bank App Add Account Paytm Upi
FM Nirmala Sitharaman: Not the Right Time to Make Digital Payments Chargeable
2 years, 3 months ago

FM Nirmala Sitharaman: Not the Right Time to Make Digital Payments Chargeable

News 18  

UPI Payment Charges: Finance minister Nirmala Sitharaman has said that the central government sees digital payments a public good and that it is not the right time to make them chargeable. The comments made by the finance minister come days after the Centre said that the government had no consideration to make UPI payments chargeable, after the Reserve Bank of …

Digital Payments Digital Charges Public Rbi Sitharaman Govt
Akshaya Tritiya 2022: How to safely buy gold online
2 years, 7 months ago

Akshaya Tritiya 2022: How to safely buy gold online

India Today  

Akshaya Tritiya is regarded as one of the most auspicious days of the year. Aside from Diwali and Dhanteras, people buy or invest in gold on Akshaya Tritiya in the hope of being blessed with wealth throughout the year. Online payment applications such as Google Pay and Paytm also allow you to purchase digital gold. STEPS TO BUY DIGITAL GOLD …

Digital Pay Buy Purchase Paytm Digital Gold Online Gold
APMC in Mysuru taking steps towards cashless payments
2 years, 10 months ago

APMC in Mysuru taking steps towards cashless payments

The Hindu  

The APMC in Mysuru has geared up to introduce digital payments for farmers who sell their produce to merchants in a bid to encourage sellers and buyers to adopt cashless transactions. “Once the new season starts in May this year when farmers bring their produce in large quantities to the market after harvest, the new system of cashless transactions may …

Kerala Market Farmers Mysuru Produce Apmc Digital Payment
Budget 2022: Cryptos, blockchain & 30 percent tax; All you need to know
2 years, 10 months ago

Budget 2022: Cryptos, blockchain & 30 percent tax; All you need to know

Live Mint  

Until a day before the Budget speech, most of us — especially blockchain aficionados — were eagerly awaiting some substantive announcement on cryptocurrencies. Tax on the transfer of digital assets such as cryptocurrencies and NFTs will now be levied at the rate of 30 percent, announced Union Finance Minister Nirmala Sitharaman during the Union Budget 2022 speech. While expressing the …

Tax Budget Assets Digital Digital Currency Currency Digital Assets
Here's how Paytm's businesses are unaffected by the changes to digital payment charges.
2 years, 10 months ago

Here's how Paytm's businesses are unaffected by the changes to digital payment charges.

India Today  

With the decision by the Reserve Bank of India to release a discussion paper on digital payments, speculation has been rife as to how this will impact digital payments businesses. Certain analyst firms, including foreign brokerage Macquarie, have speculated that regulatory changes may impact Paytm’s businesses. With the payments business accounting for 70% of gross revenues of the digital payments …

India Financial Payments Financial Services Digital Payments Regulatory Digital
Digital payments are growing in India but many want cash
2 years, 11 months ago

Digital payments are growing in India but many want cash

India Today  

When the government announced demonetisation in 2016, the biggest change that it expected to see was Indian consumers shifting from cash to cashless mode of payments. A survey by the Reserve Bank of India suggests that despite the increase in use of digital payments in India, a large group of people still prefer cash over digital payments. Too confusing Despite …

India Digital Payments Indian Digital Shop Cash Paytm
Over-valued unicorns in a distressed economy
3 years, 1 month ago

Over-valued unicorns in a distressed economy

The Hindu  

Early this month, the biggest-ever initial public offering in India fell flat on its face on the first day of its listing in the stock exchange, with shares being traded at prices less than 27% of the IPO price. An ecosystem which combines thriving digital payments, a growing smartphone user base and digital-first business models adopted by many start-ups has …

Business India Economy Services Indian Fintech Unicorns
How this microfinance firm is empowering women entrepreneurs in rural India with an app
3 years, 3 months ago

How this microfinance firm is empowering women entrepreneurs in rural India with an app

India TV News  

India’s fifth National Family Health Survey, which captured the data during the period of 2019 and 2020, hinted at a wide digital divide in the country. While the MFI has already been providing microloans to many such women entrepreneurs to start their own business, it has now launched an app – Mahila Mitra – to help them with ease of …

Women Country App Rural India Mfi Digital Payment Muthoot Microfin
Reserve Bank of India puts new payment network plan on hold
3 years, 3 months ago

Reserve Bank of India puts new payment network plan on hold

Hindustan Times  

A plan to allow new entities to create digital payment platforms and end the National Payments Council of India’s dominance in online transactions has been put on hold by the regulator over data safety concerns, two people directly aware of the development said. Public sector lenders such as State Bank of India and Union Bank were, however, barred by the …

India Payments Digital Payments Rbi Reserve Bank Npci State Bank
PM launches new digital payment system e-RUPI, says it will play major role in strengthening DBT; key points
3 years, 4 months ago

PM launches new digital payment system e-RUPI, says it will play major role in strengthening DBT; key points

Firstpost  

The prime minister also said that the e-RUPI is an example of how India is moving forward and connecting people in the 21st century with the help of advanced technology Prime Minister Narendra Modi Monday launched e-RUPI, a person and purpose-specific cashless digital payment solution and called it a “revolutionary initiative” in the direction of ensuring a leak-proof delivery of …

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