May 23, 2024 02:53 (IST)
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India conducts 43.3 crore digital transactions every month: Nirmala Sithraman

New Delhi: Finance Minister Nirmala Sitharaman lauded the robust digital public infrastructure and widespread access that has propelled India to the forefront of digital transactions, media reports said.

Bank of Baroda launches multipurpose NCMC RuPay Prepaid Card

Mumbai: Public Sector Lender Bank of Baroda Tuesday announced the launch of the National Common Mobility Card (NCMC) RuPay Reloadable Prepaid Card.

Total digital payment transactions jump at a CAGR of 45 % to Rs 13,462 crore in FY23

New Delhi: India’s total digital payment transactions volume increased from Rs 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 percent.

UPI IDs not used for one year to be disabled soon

New Delhi: The National Payments Corporation of India (NPCI), which oversees the Unified Payments Interface (UPI), has directed banks and payment applications like Google Pay, Paytm, PhonePe, etc., to disable UPI IDs and numbers associated with customers who have not conducted any transactions for a period of one year or longer.

NPCI launches new UPI products to achieve 100 bn monthly transactions

New Delhi: The National Payments Corporation of India (NPCI) on Wednesday announced a string of innovative products aimed at boosting the payments giant Unified Payments Interface (UPI) to reach 100 billion monthly transactions.

UPI crosses 10 billion monthly transactions in Aug; PM Modi congratulates

New Delhi: India’s contactless digital payments framework, Unified Payments Interface (UPI), crossed 10 billion monthly transactions in August, said Reserve Bank’s non-profit agency, National Payments Corporation of India (NPCI) on Friday.

SBI report says 2000 rupee note withdrawal a non-event; to have favourable impact on deposits and yields

Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.

Withdrawal of Rs 2,000 notes won't affect common man, says former Chief Economic Advisor Krishnamurthy Subramanian

London: Former Chief Economic Advisor Krishnamurthy Subramanian on Saturday said that the withdrawal of the Rs 2,000 note by the Reserve Bank of India (RBI) would not have an impact on the general public.

Aadhaar authentication transactions jump to 2.31 billion in March; Aadhaar-enabled e-KYC jumps by 16 pc

New Delhi/IBNS: Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country, according to the Ministry of Finance.

India makes more real-time digital transactions than US, China, Europe combined, says official

New Delhi: India makes more real time digital transactions than US, China and Europe combined, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, said on Tuesday.

How to get cash back while shopping?

Shopping is a common pleasure that all of us enjoy. We like the feel of new things and we often do the mistake of overindulging us into shopping. We are pulled to the stores due to the new stocks and offers. This generally happens in online shopping as the inventories get updated almost every day. An intelligent shopper is someone who keeps tracks of offer websites that may actually enhance the deals. These days there is a trend of cashback offers which are actually great if you shop often. So, let us learn a bit about them.

Digital transactions made through UPI & USSD modes grew by 3574% & 10603% respectively till 18th Jan 2017: Chaudhary

New Delhi, Jan 20 (IBNS): The number of digital financial transactions made through Unified Payments Interface (UPI) and Unstructured Supplementary Service Data (USSD) mode has grown exponentially by 3,574 per cent and 10,603 per cent respectively till 18th January 2017, Union Minister of State for Law & Justice and Electronics & Information Technology, P.P. Chaudhary said at an ASSOCHAM event held in New Delhi today.