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UPI transactions volume rises 52% to 78.97 billion in Jan-Jun: Report

This growth in volume was matched by an increase in transaction value, which climbed from Rs 12.98 …

PTI   


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UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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Digital payments in India to grow threefold—from 159 billion in FY24 to 481 billion by FY29: PwC

In terms of transaction value, the market is expected to nearly double during this period, expandin…

ANI   


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Daily digital transactions in India via UPI equivalent to population of EU, highlights PM Modi

In the first 20 days of August alone, India recorded a staggering 9,840.14 million UPI transactions…

ANI   


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GST Council mulling 18% GST on low value transactions made via RazorPay, PayPal and more. Here's how it will impact you

At present, they are exempt on paying GST on transaction of value less than Rs 2,000. But, if the p…

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Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi

Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…

PTI   


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78 pc of consumers choose digital banking over cash transactions

Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over th…

ANI   


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Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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RBI to set up public repository of digital lending apps to check unauthorised players

In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…

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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UPI transactions cross Rs 20 trillion for third successive month, in July 2024

Payments through the Unified Payments Interface (UPI) reported a 45% growth, as per the data made a…

ANI   


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MobiKwik gains market share, becomes largest Wallet player

MobiKwik on Monday said it has become the largest digital financial services platform in terms of P…

PTI   


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Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey

Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …

PTI   


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Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions

Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …

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4 mins read

UPI refund to digital arrest scam, here are some online scams you need to be aware of

The internet has revolutionised daily life in India, making digital payments convenient. However, f…

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Punjab Police will use an AI chatbot to solve cybercrime cases, say hello to Cyber Mittar

Punjab Police introduces 'Cyber Mittar', a chatbot to help citizens with cyber crime queries and re…

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HDFC Bank credit card rules change from today, all you need to know

HDFC Bank has implemented new credit card policies starting August 1. The changes include 1 percent…

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1 min read

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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Over 40% consumers use digital payment every day in Tier 3-6 cities: Report

According to the report, nearly half of the merchants who are not using digital payments in r…

PTI   


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India’s credit card market set to double by 2029, reaching 200 million cards

India's credit card market is set to reach 200 million cards by FY28-29, growing at a 15% CAGR, acc…