Page 6 - Digital Payments

40% of global real-time digital payments happened in India in 2021: PM Modi

The Prime Minister also talked about the success of the Direct Benefit Transfer (DBT) schemes, highlighting the large volumes of money that have been transferred directly to the beneficiaries

Decoded: How ONDC plans to level e-commerce playing field in India

The open network concept will not be restricted to the retail sector but will extend to mobility, food delivery, travel, among others

WhatsApp confirms giving cashback for making digital payments in India

The company is giving away Rs 11 cashback up to three times by sending money to three different contacts via unified payments interface (UPI) on WhatsApp

What is UPI123Pay?

Transactions through UPI are registering a rapid growth in India. And RBI's initiative to introduce it in feature phones is set to take it to another level. Watch our next report to know why

Card-less cash withdrawals at ATMs may burden banks with additional costs

Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers

UPI to stay on top; digital currency to drive payments in next 5 years

UPI will likely continue to dominate the digital payments space in the country, a study has said

Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets

Business Standard brings you the top headlines this morning

Paytm becomes official digital payments partner for PMs' museum

Paytm owner One97 Communications on Thursday said it has become an official digital payments partner for the prime ministers' museum in the national capital.

PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Retail investors can use UPI for up to Rs 5 lakh payment in public issues

The new guidelines will come into force for public issues opening on or after May 1, 2022, Sebi said in a circular

Britain plans to regulate some cryptocurrencies amid global effort

There are also plans to explore the idea of using crypto technology to issue UK government debt

UPI processes 5 bn transactions in March, gets set for new record

The platform's target is to process a billion transactions a day in the next three to five years.

Visa enters the world of NFTs, to help digital-first creators

Called the 'Visa Creator Programme', the initiative will help next-generation entrepreneurs understand and use NFTs

Google Pay launches Tap to Pay for UPI, in collaboration with Pine Labs

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country

Digital payments spike, but cash circulation still high, shows data

UPI has been the biggest beneficiary of the digital payments drive.

TataNeu: Tata group super app loyalty play awaits April 7 launch

TataNeu will offer multi-category loyalty programme

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

We now understand things we must correct: Paytm Payments Bank chairman

There will be no material impact on Paytm's customer acquisition, Vijay Shekhar Sharma, chairman, Paytm Payments Bank and founder & CEO of Paytm, tells Manojit Saha

Digital economy to see exponential growth to $800 bn by 2030: FM

The total number of retail investor accounts has almost doubled, from about 45 million as of March 2016 to 88.2 million by March 31 2021, said Finance Minister Nirmala Sitharaman

Richard Turrin on China's official digital currency

In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version