Latest News on Digital Transactions
Showing of 0 - 10 from 96 results
Digital Transactions - Total results - 96
Mar 14, 2019
India far away from being less-cash economy, must address security issues, says Nandan NilekaniCard payments infrastructure must be made more secure in a bid to compete with cash-based system, Nilekani said
Feb 12, 2019
Digital mode of transactions will take some time to gain currency; domination of cash will persistThe number of Rs 20 lakh crore may look high, but if one looks at the buildup of cash in circulation over the years, the picture is actually not very shocking.
Jan 02, 2019
NPCI reports a record 620.7 mn UPI transactions worth Rs 1 trillion in Dec 2018Earlier last year, NPCI launched UPI 2.0 with features such as overdraft facility to let customers link their OD accounts to the UPI payments system.
Nov 10, 2018
Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT MinistryExisting payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.
Nov 08, 2018
2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun JaitleyDemonetisation 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.
Oct 22, 2018
UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platformWith the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries
Oct 12, 2018
RBI directive on data localisation: Though security agencies back move, govt may take a lenient viewThe US companies are working on twin policies of threat and dialogue to wriggle out from the RBI mandatory regulation on data localisation.
Aug 14, 2018
Contactless payments: A step in right direction can help govt meet ambitious 30 bn digital transactions targetThe future of payments is contactless and a cash-loving country like ours can make a successful shift towards becoming a digital economy, by embracing contactless payment cards.
Jul 16, 2018
IFFCO partners with Singapore-based firm to launch e-commerce platform for farmers; eyes $5 bn sales in 2 yearsAn e-commerce app, 'IFFCO iMandi', has been launched that would cater to 5.5 crore farmers already associated with the cooperative
Jul 09, 2018
GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removedTo incentivise digital transactions, the GST Council in its last meeting in May had discussed giving a concession of 2% in GST rate (where the tax rate is 3% or more) to consumers making payment through cheque or digital mode.