Vodafone Idea partners with Paytm to launch recharge facility for all bank account holders; tie-up offers simple, safe solution
The move will help millions of subscribers who use feature phones to top up their numbers without having the need to visit physical retail touchpoints, Vodafone Idea said.
This QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore.
4th anniversary of Digital India: Initiative empowered people, reduced corruption and improved public service delivery system, says Narendra Modi
On the fourth anniversary of his government's flagship programme 'Digital India', Prime Minister Narendra Modi on Monday said that the initiative has empowered people, reduced corruption and improved public service delivery to benefit the poor. Union Minister Ravi Shankar Prasad said 3.65 lakh Common Service centres have been opened and 123 crore Aadhaar were generated. Prasad also lauded BHIM-UPI, a unified payments interface and said it is a 'unique fintech innovation' of India that has transformed the digital payment ecosystem.
Customers must be allowed to initiate and accept a reasonable number of digital payment transactions with no charges, the committee suggested
WhatsApp is currently piloting WhatsApp payments and is waiting for a formal approval to be granted.
Narendra Modi in Singapore: PM has done more than any other leader to connect India to financial mainstream
Naysayers may deride the NDA’s push for Aadhaar, Jan Dhan, RuPay, BHIM, demonetisation or GST but the fact remains that Narendra Modi has done more for inclusive development in India through technology and digitization than any other prime minister before him. His place in history is secured.
Narendra Modi in Singapore: At Fintech Festival, PM cites Aadhaar, UPI; says inclusive growth stems from digitisation in India
Delivering the keynote address at the Singapore Fintech Festival, Prime Minister Narendra Modi spoke about the inclusive growth stemming from the digitisation in India, innovation, direct benefit transfer, and the disruption that technology brought about in status quo.
Paytm now has over 33 percent of the overall Unified Payments Interface market share.
At the moment, nothing is changing about the experience in India other than the name to Google Pay.
RBI Governor Urjit Patel unveils UPI 2.0 version; will allow customers to use overdraft limit for making payments to merchants
The second version of the Unified Payments Interface (UPI) will also enable customers to check the invoice sent by merchant prior to making payment
Govt to expand BPO promotion scheme to generate employment, plans largest National Data Centre in Bhopal
The government will increase the capacity under the BPO promotion scheme to one lakh seats from the current 48,000 seats, Ravi Shankar Prasad said
NPCI says that WhatsApp's payment feature will only be permitted to launch after it meets all the required norms
Popular digital wallet platform Paytm on Thursday accused WhatsApp of flouting norms laid out by the NPCI and demanded a level-playing field.
Paytm's QR-based payment solution supports all payment methods, including credit/debit cards, net banking, Paytm-BHIM UPI, and its wallet.
The merchant discount rate (MDR) will be borne by the government for two years with effect from 1 January 2018 by reimbursing the same to the banks.
The process requires you to create your own Paytm BHIM UPI ID on the app which will be your mobile-number@paytm.