Digital Transactions

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.

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.

Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...

JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...

Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...

Germany’s third largest state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW) has decided to join the global list of lenders that are experimenting with blockchain. In the coming days, KfW has planned to launch its first ever blockchain-based digital bond.

RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.

Online fraud is increasing in today's world where digital transactions have become the norm. Scammers are getting smarter.

PhonePe launched its Unified Payments Interface (UPI) services in the United Arab Emirates (UAE) for Indian travellers as well as NRIs residing in the country on March 28. This service will now allow PhonePe users to make rapid digital transactions by scanning a QR code at retail stores, dining outlets, and other tourist attractions. The service is...

The Reserve Bank of India has come out with additional measures to ensure seamless digital transactions via unified payments interface or UPI.

External Affairs Minister S Jaishankar drew an analogy while describing the country's growth in digital public infrastructure and said that the number of cashless transactions the United States does in three years, India does in a month.

Alphabet Inc.'s Google Pay will work with India's mobile-based payments system that generates billions of transaction every month to expand the services beyond the South Asian nation.

Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI Inte...

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

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.

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.

Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...

JioFinance was launched on Thursday in beta form by Jio Financial Services. The newly announced JioFinance platform offers a range of digital banking services, including UPI transactions, bill payments, and insurance advisory in a single app. Future updates will expand loan solutions, beginning with loans on mutual funds and gradually introducin...

Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...

Germany’s third largest state-owned bank, Kreditanstalt fuer Wiederaufbau (KfW) has decided to join the global list of lenders that are experimenting with blockchain. In the coming days, KfW has planned to launch its first ever blockchain-based digital bond.

RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.

Online fraud is increasing in today's world where digital transactions have become the norm. Scammers are getting smarter.

PhonePe launched its Unified Payments Interface (UPI) services in the United Arab Emirates (UAE) for Indian travellers as well as NRIs residing in the country on March 28. This service will now allow PhonePe users to make rapid digital transactions by scanning a QR code at retail stores, dining outlets, and other tourist attractions. The service is...

The Reserve Bank of India has come out with additional measures to ensure seamless digital transactions via unified payments interface or UPI.

External Affairs Minister S Jaishankar drew an analogy while describing the country's growth in digital public infrastructure and said that the number of cashless transactions the United States does in three years, India does in a month.

Alphabet Inc.'s Google Pay will work with India's mobile-based payments system that generates billions of transaction every month to expand the services beyond the South Asian nation.

Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary, NPCI Inte...

Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.

Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.