economy

The Supercash on MobiKwik has been heavily criticized for luring in customers without giving back any actual benefit to the user.

Directly targeting RuPay, Visa has slashed the maximum charges in the sub-Rs 2000 bracket of debit card transactions, which indicates their aggressive stand

After dominating QR Code mode of payments it has emerged that Paytm now plans to roll out a massive quantity of PoS machines, all over India.

ATM Fraudsters are using ATM Skimming, an illegal way to copy ATM card details in order to scam users. This is a criminal and punishable offence.

Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.

Repo rate is the interest at which RBI lends money to other banks, which are meant for consumer loans. It is also called short-term lending rate.

In a very strange move, Income Tax Dept. last month had issued a notification wherein every bank was ordered to pay GST on free banking services rendered to bank customers who are maintaining minimum bank balance. As per latest updates…

Income Tax Dept. has officially removed all GST charges from duty-free shops in airports, all across the country. However, this no GST ruling is only applicable for international tourists, who are entering or leaving India.

Income Tax Dept. runs an 'Income Tax Informants Reward Scheme' for those, who wish to inform them about tax evaders and information about black money stashed abroad. Now, this scheme has been revamped and redesigned with some big rewards,…

Barely 24 hours of that news, fresh insights are coming in from Govt. sources regarding WhatsApp payments; and going by the looks of it, not everything seems smooth. WhatsApp Payments is again under Govt. scanner, and it seems that WhatsApp…

BHIM’s latest 1.5 version on Android and iOS now allows bill payments for all users. As per the changelog observed, there are several categories within BHIM app, using which any user can pay bills via UPI platform.

One of the most important features of WhatsApp Payments is that it is UPI-enabled. As of now, WhatsApp is going to partner with HDFC Bank, ICICI Bank and Axis Bank for processing transactions. SBI is also expected to join the growing number…

RBI’s latest data is stating that as many as 2000 ATMs shut down all across India by banks, between May 2017 and February 2018. There is an interesting twist here: While on-site ATMs have been reduced, off-site ATMs have increased, albeit…

Instagram payments is the new feature where you can register a debit or credit card on your profile, set up a security pin and save the card for future use. You can directly buy things from the app without having to leave the app for a…

GST Simplified! In a sweeping change, GST Council has simplified the overall GST filing to just one filling per month. This will provide a great relief to all those businesses, who generate lots of invoices and challans in a year. Besides,…

In a Right to Information reply, RBI has revealed some dark secrets of banking frauds, and the sheer volume will shock you. As per the reply shared by RBI, collectively Rs 1 lakh crore worth of banking frauds have happened in India, in the…

Paytm has introduced the concept of offline payments in collaboration with Yeldi.com, which is digital payment company, focussing on NFC or Near Field Communication. Paytm Tap Card is the foundation, based on which this new Internet-less…

As per latest World Bank data, NRIs sent $69 billion back to India in 2017, making India the no 1 nation in remittances. In 2016, remittances sent to India had dipped a bit, but in 2017, NRIs strongly bounced back, increasing the total…

In lieu of non-maintenance charges, banks provide basic banking services such as ATM withdrawals, chequebooks, etc. In a surprise move, Directorate General of Goods and Services Tax Intelligence (DGGST) has contacted all leading banks and…

RBI had instructed that after March 1st, mobile wallets users who have not completed their KYC process cannot add more money into their wallets; although they can use the existing money. This has resulted in a massive drop in transactions,…