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Digital Transactions
India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.
Stablecoins are digital tokens pegged to the value of traditional assets, such as the US dollar.
Prime Minister Narendra Modi on Sunday said digital transactions worth Rs 20,000 crore are now taking place daily in the country
UPI transactions grew faster than credit or debit card transactions, but growth in average transaction size was still considerably lower than debit and credit card usage
Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.
The card covers 18,000-plus pin codes, with nearly a million cards issued in under a year owing to the increase in online adoption and digital transactions
UPI is set to grow bigger now, after the RBI introduced it in feature phones. Other digital transaction platforms are growing as well. Find out the changing landscape of virtual transactions
What are the KYC challenges facing financial institutions? How have digital transactions changed in India? What opportunity does Raamdeo Agrawal see in markets? What is NEFT? All answers here
Wallets have also made a comeback, with rising transaction volumes
50% of the GTV came during the past 18 months. Samunnati said its vision is to make markets work for smallholder farmers and make agri value chains operate at a higher equilibrium
Around 368,000 candidates have signed up for The FutureSkills PRIME ecosystem that aims to reskill or upskill 412,000 professionals
Only 1.7 per cent of transactions are declined due to technical reasons such as connectivity issues.
Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card.
Financial outlay for one year is Rs1,300 cr
The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems
PayU registered a record high of 8 million transactions on a single day on October 3
Designing policies meant for a smaller economy that is actually larger is sure to have unintended side effects.
Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now
Many banks, merchants not fully compliant yet despite extension of deadline
The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country