Page 4 - Payments

A boost to real-time payments in pandemic with prolific innovations

China, with an average daily volume of 38.3 million transactions, closely followed India

Retail payments report recovery in May, jump 23% to Rs 24.22 trillion

Total payments that include digital payments and payments made via paper-based instruments rose 12.5 per cent to Rs 94.64 trillion in May, against Rs 84.10 trillion in April.

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

RBI steps up monitoring of retail payment modes, modifies framework

The RBI has classified the National Payments Corporation of India (NPCI) as FMI, thereby increasing the regulatory oversight on the entity

RBI modifies framework for financial market infra, retail payment system

The RBI, as per the document, will carry out the oversight activity through monitoring existing and planned systems

Covid-19 crisis: Payments fall 46% in April; ATM cash withdrawal declines

Retail payments fall 45%, card usage slips 57%

How supply chain firm Ninjacart is connecting farmers, retailers using tech

Ninjacart connects through a network of more than 200 collection centres and 1,200 warehouses across the country

Payments, 5G phones to be big areas of focus for OnePlus in 2020

The company plans to launch OnePlus payments in India first before making waves in global markets

Rs 500/1,000 notes valid for key utility payments till November 24

Old currency can also be used for purchases at consumer co-operative stores like Kendriya Bhandar with valid ID proof