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digital payments

Hefty fine for not using digital payments by Jan 31, 2020

Hefty fine for not using digital payments by Jan 31, 2020

Tue, Dec 31, 2019

RuPay and UPI are among the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). The MDR is the percentage of the digital transaction that a merchant pays to banks. This cost is most often passed on to the customers.

No MDR charges for transactions done using RuPay, UPI

No MDR charges for transactions done using RuPay, UPI

Sat, Dec 28, 2019

Nirmala Sitharaman has said that from January 1, 2020 the companies with an annual turnover of ₹50 crores or more will have to provide the facility of payment through RuPay Debit card and UPI to their customers and MDR charges will be applicable. #ZeeBusiness #NirmalaSitharaman

Explained - With big push and support from Modi government, how digital payments are flourishing in India

Explained - With big push and support from Modi government, how digital payments are flourishing in India

Thu, Nov 14, 2019

Right from the time PM Narendra Modi came to power at the Centre after securing a landslide victory in 2014 Lok Sabha Elections, there has been a huge emphasis on 'Digital India' movement.

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Mann Ki Baat: PM Modi announces lucky draw schemes for digital payments

Mann Ki Baat: PM Modi announces lucky draw schemes for digital payments

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Sunday announced lucky draw schemes for people who use digital payment methods including e-banking, mobile banking and e-wallets.

Know everything about how to use Aadhar app to make payments

Know everything about how to use Aadhar app to make payments

Sun, Dec 25, 2016

With its vision to make India's cashless economy, the government is set to launch 'Aadhaar Payment App' on Sunday.

Govt to launch two incentive schemes across 100 cities to boost digital payments

Govt to launch two incentive schemes across 100 cities to boost digital payments

Sun, Dec 25, 2016

The Union government will launch awards under the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana-- twin schemes incentivising digital payments-- in 100 cities over 100 days, the NITI Aayog said on Saturday.

Government limits charges on electronic fund transfer

Government limits charges on electronic fund transfer

Wed, Dec 21, 2016

RBI has also rationalised the Merchant Discount Rate (MDR) for debit card transactions up to Rs 2,000 for the 3-month period.

Now buy Amul Milk without paying cash!

Now buy Amul Milk without paying cash!

Wed, Dec 21, 2016

Mobikwik has added 1,50,000 retailers to its networks in the month of November.

Banks should skip convenience charge for digital payments: TRAI

Banks should skip convenience charge for digital payments: TRAI

Tue, Dec 20, 2016

Banks should eliminate convenience charges to implement digital payment system across the country in the post-demonetisation era, said the chief of India`s telecom watchdog official on Monday.

Less tax for small traders on digital transactions: Govt

Less tax for small traders on digital transactions: Govt

Mon, Dec 19, 2016

Legislative amendment in this regard would be carried out through the Finance Bill, 2017, the CBDT added.

Demonetisation push: Digital payments may grow to $470 billion by 2020

Demonetisation push: Digital payments may grow to $470 billion by 2020

Mon, Dec 19, 2016

A move toward PM Modi's much advocated cashless society could push digital transactions to grow to $470 billion from $190 billion in just 4 years.

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

RBI lowers MDR charges for up to Rs 2,000 payments via debit card

Sat, Dec 17, 2016

To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Sat, Dec 17, 2016

Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.

PayPal files complaint against Paytm for stealing logo

Fri, Dec 16, 2016

The global digital payments company has filed a complaint with the Indian Trademark office for using a trademark which is very much similar in nature.

Digital economy remains a 'no-show' as transactions fails to gain momentum

Digital economy remains a 'no-show' as transactions fails to gain momentum

Fri, Dec 16, 2016

As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Govt announces 'Christmas Gift' of Rs 340 crore to spur digital payments

Thu, Dec 15, 2016

Amitabh Kant announced schemes which incentivise transactions as small as Rs 50 to Rs 3,000 to encourage digital payments.

IndusInd Bank launches "IndusPay" app to promote digital payments

IndusInd Bank launches "IndusPay" app to promote digital payments

Thu, Dec 15, 2016

The application serves as a single mode to make payments through multiple bank accounts.

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

NITI Aayog mulls Rs125-crore budget for lucky draws to boost e-payments

Sun, Dec 11, 2016

Aimed at promoting digital transactions, government think tank NITI Aayog has proposed an award scheme with a budget of Rs 125 crore to incentivise people using electronic mode of payments through weekly and quarterly lucky draw contests.

Govt to soon launch helpline number 14444 to promote digital payments

Govt to soon launch helpline number 14444 to promote digital payments

Sun, Dec 11, 2016

After a TV channel and a website to promote digital payments, a nationwide toll-free helpline number '14444' will be launched soon to educate people and provide support related to cashless mode of transactions. The service is expected to be operational within a week.

NITI Aayog to offer incentives to encourage digital transactions

NITI Aayog to offer incentives to encourage digital transactions

Sun, Dec 11, 2016

In a bid to promote electronic transactions, NITI Aayog has asked NPCI to frame an award scheme to incentivise people using digital mode for making payments through weekly and quarterly lucky draws.

Discounts on digital payments of toll, petrol, insurance: Jaitley

Discounts on digital payments of toll, petrol, insurance: Jaitley

Thu, Dec 08, 2016

Key Highlights:

Paytm to complete 2 billion transactions this year: CEO Sharma

Paytm to complete 2 billion transactions this year: CEO Sharma

Thu, Dec 08, 2016

On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account.

Demonetisation to hurt India's economy in long-term: Experts

Demonetisation to hurt India's economy in long-term: Experts

Tue, Dec 06, 2016

The demonetisation move was going "to damage the economy in long-term" and cash-less digital payment system "may not be helpful as being thought", experts said on Monday.

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