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Latest Articles in digital payments

Challenges To India's Digital Payment Revolution

Several structural and technological challenges such as cyber-frauds, transaction costs, communication infrastructure, awareness and adoption need to be overcome to bring about the true realization of the potential of digital payments.

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Paytm To Make Available 21,000 Oxygen Concentrators From May 1st Week

India is struggling with the second wave of the coronavirus infection and hospitals in several states are reeling under shortage of medical oxygen and beds in view of rising number of COVID-19 cases.

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Making Digital Work For Women: Receive-Only UPI Handle Innovation

Banks also need to build capabilities of their last mile delivery agents such as Parvati’s Banking Correspondent, who can guide women users in the initial stages.

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Paytm 30% Larger Than Nearest Competition In Digital Payments: Company's VP

PhonePe platform led in UPI transactions by recording over 975 million transactions. It was followed by Google Pay with over 88 million transactions.

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RBI Extends Timeline To Comply With Directions On Recurring Online Transactions

RBI had directed all banks including RRBs, NBFCs, and payment gateways to comply with AFA for automatic recurring payment by March 31, 2021, in order to make digital transaction safe and protect customers from fraudulent transactions.

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Automatic Recurring Payment To Comply With RBI Direction From April 1

RBI enhanced the limit for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000 from January 1, 2021 with a view to further the adoption of digital payments in a safe and secure manner.

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Strive For Seamless Digital Payments, Lessons To Be Learnt From NSE's Tech Glitch: FM

The minister suggested that the CGA should move towards being more paperless and user friendly in its functioning and also aim for greater integration with the Department of Expenditure and states.

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Budget 2021: Industry stakeholders laud announcement to promote digital payments

Budget 2021: Industry stakeholders laud announcement to promote digital payments

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FM Proposes Rs 1,500 Crore-Scheme To Promote Digital Payments

The Finance Minister also stated that a new initiative National Language Translation Mission will be undertaken.

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Fintech Association For Consumer Empowerment Publishes The Ethical Code Of Conduct

FACE is a registered not-for-profit industry association formed by Fintech leaders with an intention to support the Government of India’s vision in accelerating financial inclusion and meeting the massive credit demand from consumers.

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Amazon Pay India's Loss Widens To Rs 1,868.5cr In FY20

Amazon Pay's total revenue for fiscal 2020 grew over 64 per cent to Rs 1,370 crore over Rs 834.5 crore in fiscal 2019, according to Registrar of Companies filing - shared by market intelligence firm Tofler.

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Role Of Digital Payments In Transforming Healthcare Industry

Faster processing owing to streamlining of manual processes, digital invoices and minimising discrepancies are some key features of digital payments which will drive healthcare industry’s transformation.

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Indonesia's Gojek Reorganises Management Structure To Spur Growth

Gojek group CEO Andre Soelistyo will take charge of the company's digital payments and financial services arm while co-chief executive Kevin Aluwi will focus on its ride-hailing and delivery side.

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UPI Transactions At Rs 3.29 Lakh Cr In September

Person-to-person and person-to-merchant money transfer have become simpler and safer due to BHIM UPI, the National Payments Corporation of India (NPCI) said in a tweet showing the monthly data transactions.

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Hybrid FinTech – A Promising Model To Meet The Financing Gap Of The Informal Sector

Hybrid fintech models that complement digital capabilities with feet-on-the-street distribution networks prove more promising to address the financing needs of thin-file and data-poor clients.

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