Digital transactions

As per sources, NPCI is testing a system called UPI Lite, which will allow UPI payments to take place without an active internet connection. The National Payments Corporation of India (NPCI) has reportedly started to test a system that…

As per the report, states with more bank accounts have witnessed a proportional reduction in crime rates, along with a meaningful drop in consumption of alcohol and tobacco. In a report drafted by Soumya Kanti Ghosh, the group chief…

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…

UPI transactions market penetration have more than doubled in just one year. With Google Pay and Phone Pe at close ties, leading the market share, Paytm and Mobikwik hold about 20% market shares together. If there’s anything that is…

Swiggy Launches Their Own Wallet, Powered By ICICI Bank; 3 Facts About Swiggy Money Swiggy, which is right now India’s biggest food delivery app at an estimated valuation of $4 billion, has now launched their own mobile wallet: Swiggy…

RBI Committee Gives Suggestions For Increase in Digital Payment RBI formed a panel whose profile was to suggest changes in the system that will help enhance the overall situation of digital transactions in India. This panel, headed by…

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

Taking a clue from mobile wallets and ecommerce firms, which has expanded their presence using cashbacks and discounts, Govt of India too is now keen to encourage digital payments, using the same mode.

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,…

Govt. of India has launched a sizzling cashback offer for all BHIM app users - Now, you can get Rs 750 per month as cashback, every month. This cashback offer is applicable to both new and existing users. This could be described as one of…