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e-RUPI explained — India’s new electronic voucher-based payment system to reduce leakage in welfare programmes

The Prime Minister of India, Narendra Modi will be launching 'e-RUPI', an electronic voucher-based …

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India's largest bank and Hitachi are teaming up to enter the country's booming digital payments space

Both parties will now be proceed to apply for regulatory approvals. Hitachi is all …

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3 mins read

From vegetables to kirana stores, Paytm has become the go-to payment option for many

A user took to the microblogging site to share his experience of using Paytm to pay for vegetabl…

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1 min read

Kenya's Digital Payments System Is Lapping Bitcoin Many Times Over

Last month, we talked about the difficulties mobile payment systems have experienced in breaking in…

Rob Wile   


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The Facebook executive who helmed the social media company's Novi cryptocurrency project is departing

David Marcus led the creation of Novi, the company's digital wallet, and co-created Diem, the compa…

Isabelle Lee   


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NEFT can be done round the clock now, says RBI

The Reserve Bank of India said the National Electronic Funds Transfer would be available round th…

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How to increase Google Pay limit in India

Several third-party apps facilitate fund transfers today. Many such platforms offer online payment …

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1 min read

RBI asks payment systems operators to educate public on safe digital transactions

"In spite of these initiatives, incidence of frauds continue to bedevil digital users, often using…

PTI   


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Fed Chair Jerome Powell says central bank-backed digital currencies must coexist alongside cash and other forms of money

COVID-19 has underscored the less systematic areas of the current payment system and accelerated th…

Shalini Nagarajan   


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World Bank praises India's digital infrastructure for its transformative potential

"The India stack exemplifies this approach, combining digital ID, interoperable payments, a dig…

PTI   


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RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system

The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…

ANI   


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RBI plans new framework for authentication of digital transactions

The RBI on Thursday said that it has decided to come out with a new framework for authentication of…

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The Bank Of England Just Said It Thinks Bitcoin Could Be Huge

This removes two key risks of a centralized system - credit risk and liquidity risk. Credit risk ar…

Tomas Hirst,Tomas Hirst   


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Google defers 30% Play Store app fee for developers in India till March 2022

Facing intense criticism over its Play Store billion policy, Google on Monday said it has extended …