CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages
According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed
In March, UPI had recorded a fresh high of 2.73 billion transactions amounting to Rs 5.04 trillion.
This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.
PayPay is emerging as key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages
BSE said its mutual fund distribution platform StAR MF has processed a record 1.14 crore transactions worth Rs 30,938 crore in May
Data from RBI suggest there was a slowdown in wholesale transaction value, but volume growth withstood the pandemic
A recent study by Norton Cyber Safety Insights Report puts the spotlight on cybercriminal activity in India and its impact
PPBL is also averaging 1 million savings and current accounts a month, and with over 64 million accounts
Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO
SBI has seen an increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent now, Chairman said
Paytm has partnered with financial services institutions, including Visa and MasterCard, for facilitating card payments for Smart PoS
UBS aims to finalize an agreement as soon as this month
Experts cite hoarding as reason for 22% spike in currency in circulation
Many companies are using the building blocks in which they have invested to expand their digital offerings instead of taking the bold gambit of installing a new operating system
The Covid-19 pandemic has given proximity payments a shot in the arm, but clarity on their nature is still elusive
Digital payments have increased in the country during the last three years from 2,071 crore digital transactions in FY2017-18 to 3,134 crore in FY2018-19, and further to 4,572 crore in FY2019-20
The company plans to reach 5,500 talukas via its merchant acquisition team that will lead to over 10,000 jobs being created in semi-urban and rural areas
"The present version of GeM will be upgraded after enhancing the system and a unified procurement system will be put in place," Kumar said
Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016