Government Limits Charges On Electronic Fund Transfer

In order to encourage digital transactions, the Finance Ministry on Wednesday asked PSU banks to restrict fees on payments through IMPS and UPI to the extent that is applicable for NEFT fund transfer of over Rs 1,000

Government Okays Ordinance To Let Companies Pay Salary Via e-mode, Cheque

The Centre on Wednesday decided to bring in an ordinance to amend the Payment of Wages Act for allowing business and industrial establishments to pay salaries through cheques or electronically

Less Tax For Small Traders On Digital Transactions, Says Govt

In a bid to promote less cash economy, the government on Monday said small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means

SBI Cards To Target Low-income Earners; Quicken Card Delivery

To tap opportunities arising out of limited cash supply following demonetisation, SBI Cards will soon launch credit cards aimed at the lower income group who have the capacity to pay but don't have cards, besides quickening card delivery period to 2-3 days

Paytm To Complete 2 Billion Transactions This Year, Says CEO Vijay Shekhar Sharma

Digital payments platform Paytm on Thursday said it aims to become universal payments app across every bank account

Chandrababu Naidu To Head Panel Of CMs To Boost Digital Payment Systems

The Centre has constituted a 13 member Committee of Chief Ministers headed by Andhra Pradesh CM Chandrababu Naidu to promote digital payment systems to promote transparency, financial inclusion and also prepare a roadmap in this regard

Digital Payment Firms Cash In On India's Money Mess, But Can It Last?

Fitch Ratings believes that once the cash crunch subsides, some merchants and customers will go back to business as usual, using notes to pay for transactions

Digital Transactions In Banking Sector Going Up: SBI

Point of Sale transactions in State Bank of India surged 300 per cent in numbers and 200 per cent by value, indicating that digital transactions have really gone up, SBI chairperson Arundhati Bhattacharya said

Paytm Acquires Delhi-Based Shifu

Shifu mines the smartphone usage patterns of users and makes personalised and highly relevant recommendations to them

Safety Over Convenience: The Digital Payments Dilemma