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Digital transactions

NEFT to be available 24x7 from December, RBI announces

NEFT to be available 24x7 from December, RBI announces

Wed, Aug 07, 2019

The RBI has decided to allow 24x7 fund transfers through NEFT from December this year in order to promote digital transactions.

Digital transactions Alert!! Phishing incidents, other frauds growing

Digital transactions Alert!! Phishing incidents, other frauds growing

Wed, Apr 17, 2019

Although Indians have embraced digital transactions, rampant social engineering and phishing email incidents have led to doubling of financial cybercrimes, reveals FIS PACE report.

India a cashless economy? Digital transactions continue to rise, UPI gains popularity; know how digital payment industry see ache din

India a cashless economy? Digital transactions continue to rise, UPI gains popularity; know how digital payment industry see ache din

Fri, Nov 30, 2018

Not many regions especially the rural areas, have been comfortable in using digital portals. However, electronic payment system has been a success story for the NDA government.

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Cash is a pain? Become a cashless king; here is how

Cash is a pain? Become a cashless king; here is how

Thu, Aug 02, 2018

Dealing with cash is a frustrating experience. How, when and where it disappears is very difficult to keep track of. So, here is a solution that will not get your hands dirty!

Narendra Modi govt to offer discounts, cashback to you for digital transactions? Find out

Narendra Modi govt to offer discounts, cashback to you for digital transactions? Find out

Mon, Apr 30, 2018

The proposal also seeks to provide cashback benefits, which is being termed as tax credit, to businesses. Businesses can get a cashback based on the quantum of turnover through the digital mode. Sources close to the development informed Zee Business that the proposal that seeks to encourage digital transactions across India will be placed before the GST Council that is supposed to meet on May 4, 2018.

Cashback to biz, price benefit to consumers for digital transactions on anvil

Cashback to biz, price benefit to consumers for digital transactions on anvil

Sun, Apr 29, 2018

The government is working on a proposal to incentivise digital transactions by providing cashbacks to businesses and price benefits to consumers, a source said.

Good News for NRIs, here is how making remittances just got easier, better

Good News for NRIs, here is how making remittances just got easier, better

Tue, Feb 27, 2018

IndusInd Bank plans to harness the power of Blockchain technology for facilitating global payments.

E-commerce sector rides on Digital India, note ban

E-commerce sector rides on Digital India, note ban

Sat, Dec 30, 2017

More than computer-based Internet penetration and broadband extension, the record growth of smartphones and the 4G network rollout made e-tailing popular even in secondary cities and towns across the country thanks to easy and quick access to information and data on products and services.

51% mobile users in India look at their phones every 10 minutes

51% mobile users in India look at their phones every 10 minutes

Wed, Dec 13, 2017

The KPMG survey report titled 'Me, My Life, My Wallet: A New Customer Engagement Framework', also said that almost 57% people in the country would rather lose their phone than their wallet compared to 61% in UK, 74% in US and 29% in China.

Govt pushes for railway ticket booking via BHIM app

Govt pushes for railway ticket booking via BHIM app

Wed, Dec 06, 2017

In a move to boost cashless transactions, Government of India has started promoting BHIM app for ticket booking, payment facility.

No plans to withdraw bank cheque book facility, says Govt

No plans to withdraw bank cheque book facility, says Govt

Fri, Nov 24, 2017

The government has clarified that it has no plans on scrapping the cheque book facility of banks.

PayPal starts payment services in India

PayPal starts payment services in India

Wed, Nov 08, 2017

Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China`s Alibaba-backed PayTM, the country`s leading digital payments firm.

Demonetisation anniversary: Is India a 'less cash' society?

Demonetisation anniversary: Is India a 'less cash' society?

Wed, Nov 08, 2017

Post demonetisation currency in circulation has fallen, while cash withdrawals soar and digital transactions at point of sales terminals also increase, we ask – Is India now a ‘less cash’ society?

Govt plans phase-2 of digital payment push from January 2018

Govt plans phase-2 of digital payment push from January 2018

Tue, Nov 07, 2017

The government is working on launching the second phase of promoting digital payments from January, according to an official source.

UPI transaction surged exponentially within year of demonetisation

UPI transaction surged exponentially within year of demonetisation

Sun, Nov 05, 2017

Digital transactions through Unified Payments Interface (UPI) have surged exponentially 77 times within a year of the demonetisation drive.

Only 7% rise in transactions through cards post Demonetistion

Only 7% rise in transactions through cards post Demonetistion

Sun, Jul 16, 2017

Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.

Demonetisation impact: Three years of digital payments growth achieved in seven months?

Demonetisation impact: Three years of digital payments growth achieved in seven months?

Thu, Jul 13, 2017

Demonetisation has led to higher digital transactions in India which has pushed the country to leapfrog into the future in terms of electronic payments.

Google readies its UPI payment system before Whatsapp

Google readies its UPI payment system before Whatsapp

Mon, Jul 10, 2017

AP Hota, MD and CEO, National Payments Corporation of India (NPCI) said that Google has finished testing its UPI system and is currently waiting for the Reserve Bank of India (RBI) to give its nod for the services to begin.

SBI in Nepal launches digital village

SBI in Nepal launches digital village

Sun, Jul 09, 2017

The digital village initiative has been launched in Jarisingpouwa in Shankarapur Rural Municipality, 25 km east from Kathmandu.

UPI crosses 1 crore transaction in June, says NPCI

UPI crosses 1 crore transaction in June, says NPCI

Mon, Jul 03, 2017

This is a staggering 10-fold increase in 11 months from barely one million UPI transactions in August 2016 to over 10 million in June this year.

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Tue, Jun 20, 2017

Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.

ICICI Bank launches ''Money2India''; Here are its key features

ICICI Bank launches ''Money2India''; Here are its key features

Mon, May 29, 2017

ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.

Keep these six points in mind for safety of your online bank accounts

Keep these six points in mind for safety of your online bank accounts

Thu, May 11, 2017

As per the Reserve Bank of India data, the digital transactions in the month of April stood at Rs 10,960.22 crore as against Rs 14958.91 crore in March and Rs 10,405.53 crore in December.

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