Page 5 - Digital Payment

RBI launches new prepaid payment instrument for small digital transactions

Prepaid payment instrument or PPI can be used for transaction of goods and services up to a limit of Rs 10,000

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

Wave and pay with SoftPos

A new wave of technology is now ready to change the mobile based payment system once again

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks

Over 80 payments apps face an uphill battle to turn the country cashless

Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions

Beware digital promise

With these big firms keeping data of whatever we do and increasingly of our spending as well, the society is becoming more vulnerable

As RBI move opens new doors for fintech players, M-wallets face tough fight

The prohibitive costs of user verification, at times about Rs 700 per customer, are set to affect smaller players

Mobile banking, wallet transactions show strongest growth in Aug: RBI

Mobile banking volume for August grew 7 per cent to 365.79 million, but the value dropped marginally to Rs 2,069.27 billion

Discount on digital payment at petrol pumps cut to 0.25% from 0.75%

Oil companies have now informed the petrol pump operators that the discount has been cut to 0.25 per

Now in Mumbai, pay your traffic challans digitally

City residents can use MobiKwik's online platform to make digital payments to this end

Five apps that technologically empower SME transactions

Aiming to ease hurdles faced by small sellers for receiving payments, many platforms are offering dedicated payment gateways

Card and mobile banking volumes see decline, steep rise in UPI transactions

The value of transactions, however, has risen slightly in this period

Bumps in Gujarat's PDS highway

System formally in place for Aadhaar-linked payment through the state but people yet to adopt it

Over 8 lakh people win Rs 133 cr under digital payment scheme

The schemes would remain open till April 14

Numbers speak: Digital payment volumes down 10%, reveals RBI data

The number of digital transactions fell from 1,027.7 million in December to 922.9 million in January

Digital payment deadline for Assam tea workers looks doubtful

The first deadline was December 5

Demonetisation: Digital payments more than double at OMCs' fuel outlets

Before demonetisation, few retail outlets in the country had digital payment options

Digital payment providers to fix firewalls as transactions swell

Paytm claims to have over 177 million users

FreeCharge, Twenty Four Seven tie-up to make grocery payments cashless

FreeCharge consumers can pay for more than 3500 products and services at every Twenty Four Seven store

Finance Ministry invites comments on Watal panel report on digital payment

The committee also suggested instituting awards to promote digital transaction