Digital Payment

Block Inc was founded by entrepreneur Jack Dorsey and it offers payment and mobile banking services for merchants and consumers

The offline unorganised segment will drive merchant payment digitisation with QR codes and sound boxes - devices with speakers that display alerts for merchants when transactions are processed

PhonePe has a formidable market presence in the Indian digital payments space. The app leverages the Unified Payments Interface (UPI) like its other peers

As many as 58% of some 90,000 respondents in an RBI survey said they were not using digital payments; a large chunk, in fact, was not even aware of them

Of the 28 new players, 19 have been granted in-principle authorisation by the central bank; the applications for the rest are under consideration

On Tuesday, India and Singapore linked their digital payment systems, United Payments Interface (UPI) and PayNow, to enable real-time money transfers

Union Minister for Electronics and Information Technology, Ashwini Vaishnaw will launch the Digital Payments Utsav on Thursday in New Delhi."As India celebrates 'Azadi ka Amrit Mahotsav' and 'G20 Presidency', MeitY endeavours to increase the access to easy and convenient digital payment solutions to all citizens, with particular focus on inclusion of the hard-to-reach geography and population, including small merchants and street vendors. Accordingly, a comprehensive campaign "Digital Payments Utsav" planned from February 9 to October 9, 2023, in coordination with all stakeholders for the promotion of Digital Payments across the country, with a particular focus on G20 Digital Economy Working Group (DEWG) event cities, namely Lucknow, Hyderabad, Pune and Bengaluru," the Ministry of Electronics and Information Technology said on Wednesday.The event will see the release of a G20 co-branded QR code, the release of a Coffee Table Book showcasing India's journey of global leadership in ...

UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion

UPI Lite was introduced by the National Payment Corporation of India (NPCI) last year to facilitate small ticket transactions up to Rs 200

Sameer Nigam says move worked due to presence of long-term investors such as Walmart, Tencent and several balance sheet investors who can take a multi-decade view

The scheme was first announced in FY22 Budget with a financial outlay of Rs 1,300 crore

Complaints relating to digital modes of payment and transactions were the highest, constituting 42.12% during the year

Here is the best of Business Standard's opinion pieces for today

The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied

The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

Autopay helps customers make recurring payments using any UPI application

Merchant subscriptions driving higher payment volumes, says Vijay Shekhar Sharma

The Covid-19 pandemic has boosted digital transactions, with UPI turning out to be the biggest gainer, however, the dependence on cash has not reduced

Technology changing how Indians make payments; trend will help monetary transmission: SBI Research