Page 2 - Mobile Payment
Over 21 billion digital transactions carried out in FY20 till Nov 13: Govt
Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into y-o-y increase of 51%
 "Over 21 billion digital transactions carried out in FY20 till Nov 13: Govt")
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
 "Over 80 payments apps face an uphill battle to turn the country cashless")
Not China, India is now the world's fastest-growing mobile payment market
The number of mobile payment users in India surged 75.5 percent from 32 million in 20 The number of mobile payment users in India surged 75.5 percent from 32 million in 2016 to 56.2 million in 2017
 "Not China, India is now the world's fastest-growing mobile payment market")
PE-VC investment in mobile payment firms at 6-yr high; Paytm leads with $1.4 bn
On the backdrop of increasing digital transaction in the country, the Private Equity, Venture Capital investments in mobile payment sector has touched a peak in the last six years during the first around five months of the year 2017. From January to June the sector attracted $1,418 million in four deals as compared to $15 million in three deals during the pervious year, mainly due to the SoftBank Corp investment in Paytm's parent company One97 Communications.As a company which leveraged a majority of the government's cashless transaction effort from the Demonetisation drive started in November 8, 2016, Paytm attracted one of the largest deal in last six and a half years in the mobiule payment sector. It raised around $1.4 billion from SoftBank Corp in May, this year. The second largest deal during the year was a $15 million by SoftBank Corp, IMM Investment Corp, Mega Investment, Korea Development Bank and Capston Partners, according to the data from research firm Venture ...
 "PE-VC investment in mobile payment firms at 6-yr high; Paytm leads with $1.4 bn")
Keeping consumers POSted
Companies are innovating with tech tools to cover a crucial touch point for customer experience
 "Keeping consumers POSted")
Revised code for bank customers to include mobile payments
The Code of Bank's Commitment to Customers could also include some advice regarding capping of charges
 "Revised code for bank customers to include mobile payments")
