Digital Transactions

Showing of 1 - 20 from 119 results
Digital Transactions - Total results - 119
Paytm launches Rs 100 cr loyalty scheme for kirana stores to cover up merchant charges
Business

Paytm launches Rs 100 cr loyalty scheme for kirana stores to cover up merchant charges

Digital payment firm Paytm on Tuesday announced a Rs 100 crore loyalty programme for grocery stores to cover up losses faced by merchants from transaction charges

Mukesh Ambani regains 'richest person in Asia' tag; topples Jack Ma after $5.7 bn Facebook-Jio deal
Business

Mukesh Ambani regains 'richest person in Asia' tag; topples Jack Ma after $5.7 bn Facebook-Jio deal

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Ltd (RIL) has regained the 'richest person in Asia' tag after Facebook's $5.7 billion (Rs 43,574 crore) investment in Jio Platforms on 22 April.

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown
Business

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Bengaluru-based enterprise fintech startup Recko raises $6 Million in Series A funding
Business

Bengaluru-based enterprise fintech startup Recko raises $6 Million in Series A funding

Recko, a Bengaluru-based enterprise fintech startup that enables AI-powered reconciliation of digital transactions, announced on Thursday it has raised $6 million in Series A funding

Coronavirus Outbreak: Canara Bank waives charges on withdrawal from other ATMs
Business

Coronavirus Outbreak: Canara Bank waives charges on withdrawal from other ATMs

In order to provide relief to its customers affected by lockdown in various parts of the country due to COVID-19, state-run Canara Bank on Wednesday announced a full waiver of service charges for any number of withdrawal from other bank's ATMs up till 30 June, 2020

Coronavirus outbreak: Bank of Baroda to not charge customers for digital transactions for three months
Business

Coronavirus outbreak: Bank of Baroda to not charge customers for digital transactions for three months

State-owned lending major Bank of Baroda (BoB) on Thursday has announced zero charges on digital transactions for three months amid Covid-19 outbreak

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report
Business

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report

Digital transactions are estimated to have grown by 338 percent from 2018 to 2019, according to the Razorpay report

RBI issues new guidelines for credit, debit cards; move aims to prevent digital transaction frauds
Business

RBI issues new guidelines for credit, debit cards; move aims to prevent digital transaction frauds

The latest instructions, however, are not mandatory for prepaid gift cards and those used at mass transit systems, the RBI added.

Digital economy: Love of cash hinders govt's objectives; currency in circulation rises 17% to Rs 21 lakh cr post-demonetisation
Business

Digital economy: Love of cash hinders govt's objectives; currency in circulation rises 17% to Rs 21 lakh cr post-demonetisation

The demonetisation got rid of old 500 and 1,000 rupee banknotes and Modi said that would boost the country’s digital economy, unearth unaccounted wealth and reduce the use of cash.

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January
Business

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January

Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today
Business

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today

An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.

Digital economy? RBI says currency in circulation soars 17% to Rs 21.1 lakh cr in FY19
Business

Digital economy? RBI says currency in circulation soars 17% to Rs 21.1 lakh cr in FY19

Despite the many an effort to shift to digital payments and usher in a digital payment economy, the currency in circulation has jumped by a hefty 17 percent to Rs 21.10 lakh crore as of March 2019, the Reserve Bank said in its annual report for 2019

Cash still king in Japan: Ageing population doesn't prefer mobile payments; campaigns launched to change transaction habits
Business

Cash still king in Japan: Ageing population doesn't prefer mobile payments; campaigns launched to change transaction habits

in Japan, where crime and counterfeiting are virtually non-existent, people feel more comfortable carrying cash and consumer response has been sluggish.

Aadhaar-enabled payment systems cross 200 mn transactions on NPCI platform in July
Business

Aadhaar-enabled payment systems cross 200 mn transactions on NPCI platform in July

NPCI's Aadhaar-enabled Payment System (AePS) is a bank-led model which allows basic interoperable banking transactions at PoS or MicroATM through business correspondent of any bank.

Digitisation push: Aadhaar enabled transactions cross 200 mn milestone on NPCI platform during July
Business

Digitisation push: Aadhaar enabled transactions cross 200 mn milestone on NPCI platform during July

The umbrella body for digital transactions, NPCI, on Monday said that Aadhaar enabled Payment System (AePS) crossed the milestone of over 200 million transactions during July this year

NEFT New Fund Transfer Timings 2019: RBI allows round-the-clock payments from December to promote digitisation
Business

NEFT New Fund Transfer Timings 2019: RBI allows round-the-clock payments from December to promote digitisation

The RBI has decided to allow round-the-clock fund transfers through NEFT from December this year in order to promote digital transactions

After NEFT, RTGS, SBI waives charges on IMPS transactions through internet and mobile banking from 1 August
Business

After NEFT, RTGS, SBI waives charges on IMPS transactions through internet and mobile banking from 1 August

State Bank of India (SBI) has waived charges on NEFT and RTGS transactions through the internet and mobile banking from 1 July, after the RBI decided to do away with the charges with an aim to move the country towards a less-cash economy

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all
Business

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all

Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds

Govt should consider formulating proposed national retail trade policy for bolstering sector
Business

Govt should consider formulating proposed national retail trade policy for bolstering sector

The increase in disposable income would result in additional demand and help boost the retail sector.

RBI monetary policy: Central bank removes charges on RTGS, NEFT transactions; asks banks to pass on benefits to customers
Business

RBI monetary policy: Central bank removes charges on RTGS, NEFT transactions; asks banks to pass on benefits to customers

The Reserve Bank of India (RBI) on Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers