Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs
A top banker told Tech2, UPI is being pushed to go global and now if it manages to draw the attention of the US Federal Reserve it will be big fillip for NPCI.
Rajasthan Police detain four, including woman, in connection with murder of head constable in Rajsamand
Head Constable Abdul Gani, who was posted with Bhim police station, had gone to Hamela Ki Ber village on Saturday in connection with a case of dispute between two neighbours.
Rajasthan head constable beaten to death by unidentified assailants while investigating land dispute case, probe ongoing
Rajasthan Police has said that so far, no arrest has taken place in the case where Head Constable Gani Mohammad was brutally beaten to death by some unknown miscreants when he was investigating a land dispute in Bhim.
Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry
Abolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday
Google Pay has consolidated its lead as the top UPI payment app, closely followed by Flipkart-owned PhonePe.
Blames previous decline on connectivity problems and lack of response from banks’ servers.
The growth of UPI is at the expense of wallet transactions but that isn't necessarily a bad thing.
E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant
Kant noted that driven by the growth in India's retail market, the country's GDP will also witness an increase and result in more job opportunities
The study done by Ashish Das, a professor of statistics, highlighted that unauthorised surcharging has also burdened the payment system users with huge additional costs.
The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.
Bose has been evangelising the idea of how Ezetap could turn any mobile device into a PoS device.
Demonetisation and GST: Raghuram Rajan quick to discern headwinds, but loath to read straws in the wind
Rajan and his ilk alas have missed the wood for the trees. While 8 percent growth is indeed desirable, 7 percent clocked last year is nothing to scoff at.
Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.
Prime Minister Narendra Modi can take heart from the fact that the biggest reveler in cash, the real estate industry has been humbled
2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun Jaitley
Demonetisation is a key step in a chain of important decisions taken by the Government to formalise the economy. The Government first targeted the black money outside India. Asset holders were asked to bring this money back on payment of penal tax.
UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore
The number of transactions via UPI grew 32 percent to 312.02 million over the previous month amounting to Rs 54,212.26 crore, according to NPCI website.
BHIM UPI 2.0 was unveiled by the National Payments Corporation of India (NPCI) in Mumbai today.
We expect that this is a staggered rollout that will arrive to more users over the next few weeks.
Narendra Modi in Singapore: Aadhaar, FDI, maritime security emerge as common points as PM meets Lee Hsien Loong
Prime Minister Narendra Modi on Friday met his Singaporean counterpart Lee Hsien Loong to discuss bilateral ties. Modi, who arrived in Singapore on Thursday on a three-day visit, also called on Singapore President Halimah Yacob to discuss ways to strengthen maritime relations, trade policy and the exchange of technology between the two ASEAN nations.