Digital Transaction

Fewer distress-induced job transitions occurred in Q2CY2021, and only around 20 per cent of salaried and self-employed workers transitioned either into casual-wage work or exited the labour force

India Stack will become more nuanced, intelligent and sophisticated in its next avatar, Rajeev Chandrasekhar, Minister of State of Electronics and IT, has said

The government expects five to seven countries to sign up for adopting India-developed technology platforms like UPI and Aadhaar by March for accelerating digitisation, according to Union minister Rajeev Chandrasekhar. While speaking at India Stack Developer Conference, the minister said that the Prime Minister has decided to offer India technology platforms to countries to help them accelerate digitisation. "I expect by February-March, about 5-7 countries around the world to sign up (for adopting platforms)," Chandrasekhar said. The government plans to reach out to several countries to offer them technology stack (Aadhaar, UPI, Digi Locker, Co-Win, GeM, GSTN etc) as part of its responsibility as G20 Presidency and expects Indian startups and system integrators to gain from the exercise.

India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information age

Minister of Railways, Communications and Electronic & Information Technology, Ashwini Vaishnaw in a written reply to a question in Lok Sabha said that about 80 per cent of railway reserved tickets are booked online.Vaishnaw said, "mobile application on various platforms is also available for booking reserved and unreserved tickets as well as provision of other railway services."The digitalisation of railway services and databases is an ongoing process."The information technology applications of Indian railways cater to transportation services (passenger and freight), fixed infrastructure (project, operations and maintenance), rolling stock (manufacture, operations and maintenance) and resource management (finance, materials and human resources)," he further added.Vaishnaw said that the digital initiatives and on-ground services are seamlessly integrated through well-documented instructions and manuals.

Vinay Choletti leaving as Meta-owned messaging platform ramps up investments in its payment service in India

Fintech unicorn accuses them of fraud, claims Rs 88.67 crore

Wholesale segment averages Rs 325 crore per day in November

The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in India this year, a report showed on Tuesday

Players wanted five-year extension on the market cap deadline

Macquarie report says the fintech firm could face headwinds with the entry of Jio Financial Services, which may focus on consumer and merchant lending, the mainstay of Paytm's business

Experts say AR/VR tech has yet to mature; also, immersive experiences with 360° video applications require a lot of data

'RuPay credit card UPI to see good traction if small merchant transaction stays within 10%'

Crypto exchanges have been asked to furnish details this month itself

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

India saw 20.57 billion online transactions worth Rs 36.08 trillion in the second quarter (Q2) this year, a report showed on Tuesday

On a year-on-year (YoY) basis, volume of transactions was up 85.55 per cent and value of transactions was up 70.61 per cent during the same period.

Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators

The Uttar Pradesh government has decided to upgrade the security system in the banking sector

According to analysts, SBI Card and Paytm stand to gain the most if RBI agrees to levy 2% merchant discount rate (MDR) on RuPay-based credit cards linked to UPI