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Google Play Store will now let you make purchases via UPI payment mode
Tech2 News Staff •Earlier the option of paying via debit, credit cards and so on were available on Google Play Store.
Unauthorised surcharging, high MDR charges impeding online payment system, says study
•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.
Digital commerce in India to reach Rs 2.37 lakh cr by December 2018; online travel industry growth strong at 54%: Report
•The report is published by the Internet and Mobile Association of India (IAMAI) and IMRB Kantar, a market research and consumer consulting organisation.
Online transactions on the rise, but cash is still king
Ians •The adoption rate of online platforms was high during the demonetisation period, but it plateaued out as soon as cash became available in the system.
IT Ministry to provide toll free number for digital payment grievances
Fp Archives •IT Ministry is working to set-up a toll-free phone number 14442 for grievance redressal of customers related to digital payments.
Blockchain could be relevant in mobile payments system, services relying on Aadhaar and more
Nimish •Bitcoins are just one application which uses Blockchain technology, but it could also be used for online signature services, voting systems and other applications
Oracle Helps BSE Process Online Transactions Faster
Fp Archives •The solution helped the stock exchange meet regulations set out by the Securities and Exchange Board of India.
RBI relaxes two-factor authentication rule for online transactions under Rs 2,000
Fp Archives •In a bid to speed up small value online transactions, the RBI today relaxed norms for additional factor of authentication (AFA) for payments up to Rs 2,000.
RBI eases two-factor authentication norms for online transactions under Rs 2,000
•In the interest of customer awareness and protection, RBI said the banks and authorised card networks offering such solutions will bear the full liability in the event of any security breach or compromise in the authorised card network
Demonetisation: Narendra Modi asks youth, traders to help create a 'less-cash society'
Fp Staff •Modi talked about demonetisation on the radio programme 'Mann Ki Baat' and appealed to the people of India to help him create a "less-cash society".