Page 2 - Digital Transaction

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

PhonePe says Northeast region took lead in digital transactions in Q1

Assam witnessed the fastest adoption with over 2.5 lakh merchants in 2022 compared to just 10,000 merchants in 2020, followed by Tripura, Meghalaya, Arunachal Pradesh, Nagaland, Sikkim, and Mizoram

TMS Ep128: Delay in LIC IPO, digital-only banks, TCS buyback, RTGS

What does a delayed LIC IPO mean? Why are top lenders bullish about digital-only banks? Should you join the TCS stock buyback bandwagon? What is RTGS? Find all answers here

Value of UPI transactions declined to Rs 8.27 trillion in Feb: NPCI data

There were a total of 452 crore (4.52 billion) transactions in February 2022

BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

HDFC Bank can start issuing credit cards again as RBI eases curbs

Ban on Digital 2.0 programme continues; bank ready with aggressive plan

Twitter integrates Razorpay with Tip Jar to send, receive money

After introducing Tip Jar that allows people to send and receive support with cash gifts, Twitter said that it is adding an Indian payment gateway, Razorpay, as an additional payment provider to it.

Banks using unseen digital cash could bring down fees on foreign transfers

Blockchain technology used between banks to settle claims could significantly lower the cut taken from customers

SBI Card customers can now make transactions on Jio Pay platform

SBI Cards and Payment Services (SBI Card) on Wednesday said it is available on the Jio Pay service

Cashfree, PayPal to help Indian firms sell to 350 million customers

Payments and banking technology firm Cashfree announced a partnership with PayPal

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems

Paypal reports 86% jump in Q1 profit due to e-commerce growth; stock up 6%

The company expects earnings per share for the full year to increase about 25% on 22% revenue growth

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

RBI to bring 'ombudsman scheme' to solve digital transaction complaints

The scheme will be notified by the end of January next year

2 yrs after demonetisation, cash still king at petrol pumps, rail stations

Digital transactions have seen a minor increase even after government's push

RBI study claims major drop in cash payments after demonetisation

There was a sharp growth in card transactions at points of sale terminals for both demonetisation and post- demonetisation periods, it added

The digital worksheet

The number of digital transactions grew 23 times till March 2017

Digital transactions to touch Rs 4 cr per day this year: IT Minister

He said more CSC will be set up for payment of utility bills through debit or credit cards