Search For "digital payment"
78 pc of consumers choose digital banking over cash transactions
Updated : 1 year, 6 months ago IST
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over the past two years. This change has been accelerated by the pandemic, with many consumers opting for digital payments to avoid handling cash. About 60 per cent of these institutions noted that th
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PhonePe launched 'Credit Line on UPI', expanding payment flexibility for c
Updated : 1 year, 6 months ago IST
The new offering allows consumers to link their credit lines from banks to the Unified Payments Interface (UPI) on the PhonePe platform, enabling seamless merchant payments and providing a new dimension to the digital payment ecosystem.
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24/7 online and mobile banking may heighten vulnerabilities and liquidity
Updated : 1 year, 7 months ago IST
Online banking services like Internet banking and mobile banking may increase the chances of liquidity crisis during periods of stress, highlights RBI Deputy Governor Swaminathan Janakiraman during an event in Jaipur on Wednesday.
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UPI merchant transactions in Nepal cross 100,000 milestone
Updated : 1 year, 7 months ago IST
NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement.
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LazyPay Launches Gift Cards, Offering a One-Stop Solution for Gifting
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], August 8: LazyPay, the credit service by PayU, India's leading digital financial services provider, is thrilled to announce the launch of its latest product line - Gift Cards, a comprehensive one-stop solution for gift vouchers. LazyPay's Gift Cards offer vouche
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JioFinance goes international, enables digital payments in Paris
Updated : 1 year, 7 months ago IST
JioFinance will enable international payments for buying tickets to visit the Eiffel Tower through its official website, La Tour Eiffel; as well as for in-store shopping at the iconic Parisian department store, Galeries Lafayette Paris Hausmann, the company said in a release.
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RBI proposes alternative methods for authentication of digital payments, i
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
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India accounts for nearly half of the global digital payments: RBI report
Updated : 1 year, 7 months ago IST
India holds 48.5 per cent share in the global real-time payments volume, according to the Reserve Bank of India (RBI) report released on Monday
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BRICS Bridge digital payment platform to boost trade between group's state
Updated : 1 year, 8 months ago IST
If this system is created, it may use digital currencies of the BRICS central banks, and their exchange rate will be tied to the value of national currencies.
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Shriram Finance Offers Fixed Deposit Plans Tailored for Senior Citizens
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], July 13: Shriram Finance, a leading name in the financial services sector, is now offering fixed deposit plans designed to meet the financial needs of senior citizens. This initiative comes at a pivotal time when the financial security of the elderly is becoming
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Digital payments changed consumer behaviour: Kearney
Updated : 1 year, 8 months ago IST
According to the observations made by the report, a significant 90 per cent said that they prefer digital payments for online shoping. Similarly, about 50 consumers were found using online payment mathods during their offline purchases.
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Startups, innovation and digital payments, PM Modi hails business ecosyste
Updated : 1 year, 8 months ago IST
PM Modi said during his address that India is now home to lakhs and lakhs of startups adding that India is the world's 3rd largest start-up ecosystem today.
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