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digital payments

NRIs Can Use UPI with International Numbers

NRIs Can Use UPI with International Numbers

Wed, Nov 06, 2024

Non-Resident Indians (NRIs) with international phone numbers can now make UPI transactions. This video explains the simple steps to enable UPI for NRIs and how to link international phone numbers to make secure payments. Follow along for an easy guide on using UPI from abroad.

This country to get India's UPI-like real-time payments platform soon

This country to get India's UPI-like real-time payments platform soon

Fri, Sep 27, 2024

NPCI International Payments Ltd (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), said on Friday that it had entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform.

RBI reports 97.96% Rs 2000 banknotes returned, streamlining currency circulation and boosting digital payments amid withdrawal drive

RBI reports 97.96% Rs 2000 banknotes returned, streamlining currency circulation and boosting digital payments amid withdrawal drive

Wed, Sep 04, 2024

Explore the latest RBI actions, including the ongoing Rs 2000 banknotes withdrawal and recent monetary penalties imposed on banks and non-banking financial companies for regulatory non-compliance and operational violations.

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Banks should skip convenience charge for digital payments: TRAI

Banks should skip convenience charge for digital payments: TRAI

Tue, Dec 20, 2016

Banks should eliminate convenience charges to implement digital payment system across the country in the post-demonetisation era, said the chief of India`s telecom watchdog official on Monday.

Less tax for small traders on digital transactions: Govt

Less tax for small traders on digital transactions: Govt

Mon, Dec 19, 2016

Legislative amendment in this regard would be carried out through the Finance Bill, 2017, the CBDT added.

Demonetisation push: Digital payments may grow to $470 billion by 2020

Demonetisation push: Digital payments may grow to $470 billion by 2020

Mon, Dec 19, 2016

A move toward PM Modi's much advocated cashless society could push digital transactions to grow to $470 billion from $190 billion in just 4 years.

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

Sat, Dec 17, 2016

To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Sat, Dec 17, 2016

Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.

PayPal files complaint against Paytm for stealing logo

Fri, Dec 16, 2016

The global digital payments company has filed a complaint with the Indian Trademark office for using a trademark which is very much similar in nature.

Digital economy remains a 'no-show' as transactions fails to gain momentum

Digital economy remains a 'no-show' as transactions fails to gain momentum

Fri, Dec 16, 2016

As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Thu, Dec 15, 2016

Amitabh Kant announced schemes which incentivise transactions as small as Rs 50 to Rs 3,000 to encourage digital payments.

IndusInd Bank launches "IndusPay" app to promote digital payments

IndusInd Bank launches "IndusPay" app to promote digital payments

Thu, Dec 15, 2016

The application serves as a single mode to make payments through multiple bank accounts.

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

Sun, Dec 11, 2016

Aimed at promoting digital transactions, government think tank NITI Aayog has proposed an award scheme with a budget of Rs 125 crore to incentivise people using electronic mode of payments through weekly and quarterly lucky draw contests.

Govt to soon launch helpline number 14444 to promote digital payments

Govt to soon launch helpline number 14444 to promote digital payments

Sun, Dec 11, 2016

After a TV channel and a website to promote digital payments, a nationwide toll-free helpline number '14444' will be launched soon to educate people and provide support related to cashless mode of transactions. The service is expected to be operational within a week.

NITI Aayog to offer incentives to encourage digital transactions

NITI Aayog to offer incentives to encourage digital transactions

Sun, Dec 11, 2016

In a bid to promote electronic transactions, NITI Aayog has asked NPCI to frame an award scheme to incentivise people using digital mode for making payments through weekly and quarterly lucky draws.

Discounts on digital payments of toll, petrol, insurance: Jaitley

Discounts on digital payments of toll, petrol, insurance: Jaitley

Thu, Dec 08, 2016

Key Highlights:

Paytm to complete 2 billion transactions this year: CEO Sharma

Paytm to complete 2 billion transactions this year: CEO Sharma

Thu, Dec 08, 2016

On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account.

Demonetisation to hurt India's economy in long-term: Experts

Demonetisation to hurt India's economy in long-term: Experts

Tue, Dec 06, 2016

The demonetisation move was going "to damage the economy in long-term" and cash-less digital payment system "may not be helpful as being thought", experts said on Monday.

Financial transactions from your phone are still far from safe

Financial transactions from your phone are still far from safe

Fri, Dec 02, 2016

While mobile wallets, banks are looking to grow their digital payment systems, there are still many risks which they have not yet taken care of.

FM Jaitley asks banks to promote digital banking in 'mission mode'

FM Jaitley asks banks to promote digital banking in 'mission mode'

Thu, Nov 24, 2016

Finance Minister said there are 14 lakh POS machines which are there at retail level and this figure has to be expanded manifold.

Digital wallets on an offensive but how do people with feature phones benefit?

Digital wallets on an offensive but how do people with feature phones benefit?

Tue, Nov 22, 2016

While mobile wallet companies are in an overdrive to capitalise on demonetisation by large marketing campaigns, many have not create a solution for feature phone users in India.

Demonetisation: Are retailers forced to switch to non-cash mode

Demonetisation: Are retailers forced to switch to non-cash mode

Sun, Nov 20, 2016

The wallet-to-wallet transactions would also see a big growth, the report said.

India can save Rs 70,000 crore in five years by reducing cash transactions

India can save Rs 70,000 crore in five years by reducing cash transactions

Wed, Oct 05, 2016

Today, less than 5% of India’s Rs 75 lakh crores ($1,114.4 billion) consumption expenditure is made using digital payments.

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