Digital Transaction

In a big push to 'cashless economy', govt waives MDR charges for digital transactions up to Rs 2,000

Ravi Shankar Prasad was briefing the media about the Union Cabinet scrapping MDR for debit card payments and other digital transactions

Govt to discuss MDR rate issue with RBI, says finance ministry official

The government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.

Digital payment transactions increased dramatically; expected to touch 1,800 crore in 2018

Alphons pointed out that digital payment system is reaching out to the villages but it needs to reach more people.

Cashless economy: Govt hopes 1,800 crore digital payment transactions will take place in 2018 financial year

The scale and value of digital payment transactions underscored how these new forms of payment had reached the masses, govt said

At HT Leadership Summit, Narendra Modi lauds JAM trinity, says Aadhaar will help govt weed out benami properties

At HT Leadership Summit, Narendra Modi says country saw a behavioural change after demonetisation which helped achieve a clean and healthy economy.

Cheque book ban: No proposal to withdraw facility to promote digital transactions, clarifies FinMin

The clarification comes in the backdrop of reports in a certain section of media that there is a possibility that the central government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions.

Digital world to create new, highly skilled jobs; India must not miss fourth industrial revolution: Amitabh Kant

Amitabh Kant says in digital or connected world, manufacturing will become customer-centric

IT spending in Indian banking sector to see 11.7% jump to hit $9.1 bn as banks turn to contactless payments

As part of their increased IT spending, top banks in India are investing heavily into contactless payment

Samsung Pay adds one million users in India over the past one and half months

During the launch Samsung Pay was available through 10 models and has expanded it to 26 models since then.

India cannot lag behind in the digital currency era, says Prime Minister Narendra Modi

It has been changing from time to time. Now an era of digital currency has started and India should not lag behind," said, Modi.