Transactions

Flipkart shuts eBay India operations, says will soon launch a new shopping experience

Founded in 1995, eBay forayed into the Indian market in 2004.

Blockchain can benefit banks but will take a toll with reduced fees and commissions: Moody's

Banks could benefit significantly from the development and implementation of blockchain technologies in terms of enhanced efficiency, cost savings.

Websites selling bitcoins also arrange private transactions between buyers and sellers

LocalBitcoins.com is a popular website through which buyers and sellers advertise bitcoins, setting their own prices and conducting trades privately.

KPMG India to merge BMR's M&A and risk consulting businesses

BMR’s M&A merger with KPMG India will bring together strengths of both organisations across corporate finance, transactions tax, transaction support and risk consulting businesses

RBI rules on e-transaction frauds: Onus on customers to prove they were not careless

The Reserve Bank should make it clear that the account holder must have been negligent in allowing a fraudster to access the payment credentials so as to absolve the bank of any liability.

Bitcoin rivals like Monero, and Dash ready to displace it as preferable currency of cybercriminals

Bitcoin is well-entrenched as the preferred payment for cybercriminals like the WannaCry hackers who have hit more than 300,000 computers.

Society is getting closer to cash-free future: Study

More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could.

Narendra Modi to visit Nagpur: PM to launch biometric payment interface on Ambedkar Jayanti

Prime Minister Narendra Modi would release BHIM-Adhar interface enabling digital payments using biometric data in Nagpur on Friday

We must make people aware about digital transactions for India to go cashless

Financial literacy and awareness about digital transactions is paramount in rural India to make the cashless economy a reality, executives of mobile wallet-provider services said here at a panel discussion.

Slowing digital transactions nationwide threatens the 'Digital India' dream

The value of digital transactions nationwide declined marginally (1.5 percent) to Rs 92.6 lakh crore ($1.4 trillion) in February 2017 from Rs 94 lakh crore in November 2016 ($1.42 trillion).