Digital Payments In India
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Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
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UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October
The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.
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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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Discover Flipkart Pay: The Ultimate Guide To Seamless Digital Transactions
Are you looking for a feature in Flipkart where you can buy products in Flipkart but can purchase through EMI without any tension? Then we have a solution for your problem start shopping without any tension by buying products through Flipkart
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Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July
Surpassing world's leading digital payments platforms, India's Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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"Daily UPI Transactions In India Equal To European Union Population": PM Modi
Speaking at the Indian Diaspora event in Warsaw on Wednesday, Prime Minister Narendra Modi highlighted the significance of digital transactions by drawing a comparison.
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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
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Fisherman Loses Rs 96,000 To Fraudsters While Trying To Get Refund In Mumbai: Cops
A 42-year-old fisherman from Mumbai lost Rs 96,870 after he was tricked into logging his details into a digital payment app by fraudsters who posed as executives of an online streaming platform.
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India Accounts For Nearly Half Of The Global Digital Payments: RBI Report
India holds 48.5 per cent share in the global real-time payments volume, according to the Reserve Bank of India (RBI) report released on Monday.
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Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
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How Digital Payments Changed Consumer Behaviour, Revealed In Kearney Report
The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, " How Urban India Pays" adding that even it is influencing offline transactions as well.
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65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
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Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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Paytm UPI Statement Download Feature Introduced to Help Users Track Transactions
Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...
-
UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October
The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
Discover Flipkart Pay: The Ultimate Guide To Seamless Digital Transactions
Are you looking for a feature in Flipkart where you can buy products in Flipkart but can purchase through EMI without any tension? Then we have a solution for your problem start shopping without any tension by buying products through Flipkart
-
Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July
Surpassing world's leading digital payments platforms, India's Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
"Daily UPI Transactions In India Equal To European Union Population": PM Modi
Speaking at the Indian Diaspora event in Warsaw on Wednesday, Prime Minister Narendra Modi highlighted the significance of digital transactions by drawing a comparison.
-
RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
-
Fisherman Loses Rs 96,000 To Fraudsters While Trying To Get Refund In Mumbai: Cops
A 42-year-old fisherman from Mumbai lost Rs 96,870 after he was tricked into logging his details into a digital payment app by fraudsters who posed as executives of an online streaming platform.
-
India Accounts For Nearly Half Of The Global Digital Payments: RBI Report
India holds 48.5 per cent share in the global real-time payments volume, according to the Reserve Bank of India (RBI) report released on Monday.
-
Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body
Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.
-
How Digital Payments Changed Consumer Behaviour, Revealed In Kearney Report
The surge in digital payments for online purchases has led to a permanent shift in the behaviour of consumers, a report by Kearney observed in its report titled, " How Urban India Pays" adding that even it is influencing offline transactions as well.
-
65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
-
Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
-
RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
