Digital Transactions

Indian fintech's success an example of popular support for reforms: Modi

India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.

Collapsed stablecoin TerraUSD announces recovery plan, seeks outside funds

Stablecoins are digital tokens pegged to the value of traditional assets, such as the US dollar.

Digital transactions worth Rs 20,000 crore taking place daily: PM Modi

Prime Minister Narendra Modi on Sunday said digital transactions worth Rs 20,000 crore are now taking place daily in the country

Mapping India's digital transactions: Cashless, but still card dependent

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 adopts UPI developed by India for digital transactions

Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.

Launched in 2019, Flipkart Axis Bank Credit Card surpasses 2 mn users

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

Mapping India's 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

TMS Ep129: KYC challenges, digital transactions, Raamdeo Agrawal, NEFT

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

Statsguru: From UPI to IMPS, mapping digital transactions in India

Wallets have also made a comeback, with rising transaction volumes

Agri-tech firm Samunnati's gross transactions cross Rs 10,000 crore

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

Digital transaction volume grew at 50% in four years, shows data

Around 368,000 candidates have signed up for The FutureSkills PRIME ecosystem that aims to reskill or upskill 412,000 professionals

Insufficient balance, wrong PIN top reasons for failed digital transactions

Only 1.7 per cent of transactions are declined due to technical reasons such as connectivity issues.

Average value of UPI, RuPay transactions below Rs 2000, marking stagnancy

Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card.

Govt announces scheme for digital transactions using UPI, RuPay debit cards

Financial outlay for one year is Rs1,300 cr

RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

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

Digital transactions up 52% in festival season, says report

PayU registered a record high of 8 million transactions on a single day on October 3

Pity Indian policymakers who don't know which data to go by for economy

Designing policies meant for a smaller economy that is actually larger is sure to have unintended side effects.

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

NPCI looks at $1 trillion worth of transactions through UPI on annual basis

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