digital payment

Online transactions grew 80% in 2020 driven by strong uptake from tier II, III cities: Razorpay

Also, tier II and III cities contributed to 54 per cent of digital transactions in 2020, demonstrating a 92 per cent growth in just one year, the report said.

published on : 12th January 2021

RBI shortlists four more start-ups in first cohort to push digital payments

Total number of  start-ups in the first cohort is now six with two firms having joined the club in November.

published on : 26th December 2020

Retail cheque payments down to a trickle in FY20 to 2.96 per cent: RBI data

That the efforts towards digitization have been very successful is clear from the steady fall in the share of paper clearing.

published on : 18th October 2020

Refund charges collected since January 1 on UPI, RuPay transactions: Tax department to banks

To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU, in the Finance Act, 2019.

published on : 30th August 2020

Competition Commission rejects complaint against WhatsApp over unfair business practices

In a 41-page order, the Competition Commission of India (CCI) said there was no violation of Section 4 of the Competition Act.

published on : 19th August 2020

Ola joins PhonePe to boost its digital payments experience, introduces initial cashback offer

This partnership will also enable PhonePe to offer their services to millions of customers on the Ola platform.

published on : 7th July 2020

Digital payments in India saw 23% jump in last 30 days: Report

During the 101 days of lockdown, March 24-July 2, the online education sector grew by 23 per cent as extended lockdown has led to a rise in demand for online courses

published on : 6th July 2020

COVID-19 prompts kirana stores to adopt innovation, digital technologies: Report

According to the survey, 20 per cent of the kirana store owners across metros and non-metros have started leveraging online platforms.

published on : 6th July 2020

Paytm's launches Rs 100 crore loyalty scheme for kirana stores to cover up merchant charges

Businesses are now required to pay 1 per cent merchant discount rate for transferring payment received on Paytm wallet to their bank account.

published on : 5th May 2020

Digital payments surge during lockdown to benefit telcos

CLSA said that digital payments in India are surging in the ongoing Covid-19-led lockdowns. Already these had jumped three-fold over the last two years to 3 billion transactions a month.

published on : 4th May 2020

Majority of Indian consumers may shift to online shopping in next 9 months: Survey

Post coronavirus crisis, 78 per cent of Indian consumers said they will prefer to increase usage of digital payments going ahead.

published on : 24th April 2020

42 per cent Indians have increased use of digital payments during COVID-19 lockdown: Report

E-commerce platforms, especially the ones delivering groceries have also seen a massive spike in orders for essential goods in the last three weeks with some reporting five times demand.

published on : 14th April 2020

Can cash spread coronavirus? Go digital, say experts

Forget  avarice, your hardearned money is sufficient to make you ill.

published on : 17th March 2020

Paytm pips rivals in Indian digital payments segment

The company also claimed high success rates for transactions, especially for RuPay cards and the Unified Payments Interface (UPI).

published on : 1st June 2019

Why is Paytm insisting on Aadhaar, ask customers

Digital payments major Paytm is ‘persuading’ its customers to provide Aadhaar as proof for Know Your Customer authentication, allege several customers of the app who spoke to Express.

published on : 29th March 2018
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