Search For "upi"
Telangana: Cyberabad police arrests 13 members of gang involved in Rs 4 cr
Updated : 1 year, 6 months ago IST
The Shamshabad CCS Police, with the help of KPHB Police, Madhapur and Narsingi police from the Cyberabad Commissionerate, apprehended a 13-member gang from Rajasthan on Sunday involved in a series of high-tech UPI frauds and cheating schemes.
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Digital payments in India to grow threefold from 159 bn in FY24 to 481 bn
Updated : 1 year, 6 months ago IST
In terms of transaction value, the market is expected to nearly double during this period, expanding from INR 265 trillion to Rs 593 trillion by FY 2028-29.
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Credit card market in India to double by 2028-29: Pwc
Updated : 1 year, 6 months ago IST
The number of credit cards in India is expected to reach 200 million with a CAGR of 15 per cent, highlighted a report by PwC.
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External borrowings to meet capital needs putting pressure on banks Net In
Updated : 1 year, 6 months ago IST
The banks in the country are facing challenges due to a slowdown in deposit growth, according to a recent report by SBI Securities, the slowdown in the deposit growth has forced the banks to rely more heavily on external market borrowings to meet their capital needs.
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"Was asked about fintech revolution 10 years ago, they were asking a chaiw
Updated : 1 year, 6 months ago IST
"I was asked about fintech revolution 10 years ago. They were asking a chaiwala PM. But in just a decade, India's broadband users have increased from 6 crore to 94 crore. There's hardly anyone over the age of 18 today who doesn't use broadband..." PM Modi said at the fest being held at th
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India outpaces global level fintech growth in 2023; poised to reach USD 19
Updated : 1 year, 6 months ago IST
Boston Consulting Group (BCG) has prepared a flagship report titled 'Building Bridges for the Next Decade of Finance', where it noted that revenues in the Indian fintech sector are projected to reach USD 190 billion by 2030, contributing to over 20 per cent of all banking revenues.
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Women are more likely to adopt digital financial services when introduced
Updated : 1 year, 6 months ago IST
Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved significant scale in financial inclusion, penetration remains a challenge, with only 25% of payment users being women, and even fewer in semi-urban and rural areas. Many women's mobile numbers a
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After UPI, RBI will now launch Unified Lending Interface or ULI for fricti
Updated : 1 year, 6 months ago IST
The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as a pilot project will be introduced nationwide soon, said Reserve Banks of India Governor, Shaktikanta Das on Monday.
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India's Digital Public Infrastructure experience provides effective strat
Updated : 1 year, 6 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that India's experience has provided an effective digitisation strategy for other central banks.
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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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"Daily digital transactions in India using UPI equivalent to population of
Updated : 1 year, 6 months ago IST
PM said, "Every day in India, the number of digital transactions made through UPI is equivalent to the population of the European Union."
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India's manufacturing is all set to expand with robust foundations of refo
Updated : 1 year, 6 months ago IST
The stage is set for a new era of growth fuelled by recent reforms and strategic initiatives of the government. Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Ban
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