digital payments

Digital Payments Is Unstoppable In India: 233% Growth Expected, Will Touch $10 Trillion Threshold By 2026! A joint report by Unified Payments Interface (UPI) leader PhonePe and the Boston Consulting Group (BCG) predicts that the Indian…

India Beats China In Digital Payments: 40% Of Global Realtime Payments Happened In India, 2.6 Times More Than China! The volume of people indulging into cashless transactions across the country, right from paan shops to business…

SBI Wants To Dominate Payments In EV Charging Space; Hires Consultants To Explore Opportunities! SBI has roped in a consultant to explore the business potential of digital payments in EV charging space. Design Roadmap, Explore Market…

UPI Breaks All Record: Annual Transactions Cross $1 Trillion Mark With 102% Growth In 1 Year! Unified Payments Interface (UPI) has achieved a major milestone, having crossed the $1-trillion mark in transaction values for the financial…

A 24x7 helpline for digital payments has also been set up. The RBI has launched UPI123Pay which allows feature phone users to make payments through UPI without the need for internet. Rural Access The need for such a feature arose…

The framework was announced following feedback from a pilot project. RBI has released a framework for offline digital payments to help increase the penetration of digital transactions. Offline digital payment refers to a transaction…

Digital Payments Witness Historic Growth Of 30.2% In Last 12 Months: This Is How Growth Was Calculated By Govt As per data revealed by the RBI, digital payments have seen a huge growth, as much as 30.19% during the year that ended March…

Digital Payments Rise By 30% In India Due To Lockdowns, Pandemic: Indians Using Less Cash Now? As per data revealed by the RBI, digital payments have seen a huge growth, as much as 30.19% during the year that ended March 2021. …

Digital Payments Collapse As Upto 70% OTP SMSes Not Being Delivered; Find Out Why? On Monday, several banks and financial technology firms reported transaction failures due to delays in receiving one-time passwords. Delayed OTPs…

FASTags compulsory from midnight Feb 15/16 2021. The Ministry of Road Transport and Highways (MoRTH) have finalised the extended deadline for all four-wheelers on Indian roads to compulsorily switch to FASTags. The ministry has…