Digital Payment

Friday, Apr 26, 2024 | Last Update : 11:29 AM IST

The listed fintech major will also not be allowed to accept deposits, credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards (NCMC) other than any interest, cashbacks, or refunds.

RBI Bars Paytm Bank from Offering Banking Services After February 29

Paytm customers can continue to utilise balances from their accounts, including savings and current without restriction

01 Feb 2024 1:38 AM

At present, efficient access to UPI is available on smartphones. UPI can be accessed through NUUP (National Unified USSD Platform) using the short code of *99#. But this option is cumbersome and not popular. — PTI

RBI launches UPI for feature-phone users

UPI is gaining popularity and is becoming one of the most preferred methods of digital transactions in India

09 Mar 2022 9:36 AM

To enable the tap and pay feature using the smartphone phone, users will have to do a one-time set up by entering their card details and follow it by entering the OTP they get from the bank to add their card to the Google Pay app. (Photo | Pixabay - Mohamed Hassan)

Google Pay ties up with Visa to enable digital token transactions, NFC payments

Users can use their debit or credit card to make payments through a secure digital token attached to their phone.

21 Sep 2020 4:47 PM

A FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it and is affixed on the windscreen of the vehicle and enables the commuter to drive through toll plazas, without stopping for cash transactions. (Representative Image | Wikimedia Commons - Patrick Roque)

Go cashless on the highway with FASTag if you want discounts on toll rates

The Ministry of Road Transport and Highways is trying to get more people to adopt digital payments, instead of cash.

26 Aug 2020 8:45 PM

The RBI has asked the member banks to keep adequate liquidity in their current account with the regulator at all times to facilitate successful posting of NEFT batch settlements. (Photo: ANI)

NEFT transactions to be available 24x7 from Dec 16

RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.

07 Dec 2019 11:26 AM

Some key factors that one should look for while choosing a payment gateway are end-to-end client support, offers, faster settlement, use-friendly and excellent reporting.

Top 5 Payment Gateways

The chief concern before going digital is to choose a payment gateway that suits your business model while being pocket-friendly.

15 Sep 2019 6:10 PM

Good news is that Paytm is now the only app that allows you to scan any QR code.

Five reasons why you should use Paytm app for QR payments

The prime reason for using digital payments is the convenience it offers to send/receive money and to make the bill payments.

22 Aug 2019 5:56 PM

Merchant charges have been one of the factors discouraging electronic payment for gold and jewellery purchases. (Representational Image)

Budget 2019: Govt pushes for cashless economy, digital payment

Central Government may notify the persons to whom these provisions shall not be applicable in consultation with the Reserve Bank of India.

06 Jul 2019 8:03 AM

Various factors such as the amount, the location and receiver’s details will come into consideration.

5 best ways to transfer money online

The best way to get a personal loan is by lending it from a known person to avoid interest rates.

01 Jun 2019 10:23 AM

The number of digital transactions is expected to increase more than four times from 2,069 crore in December 2018 to 8,707 crore in December 2021.

RBI releases 'Vision 2021' for payment systems for 'cash-lite' society

The Reserve Bank of India will implement the approach outlined in this Vision during the period 2019 - 2021.

16 May 2019 8:29 AM

The most crucial thing about this investment is that Mastercard is building India as a global technology node for its global platforms, Ari Sarker, co-president, Asia Pacific, Mastercard said in an interaction.

Mastercard to invest USD 1 bn in India, plans to make country global tech node

This investment will help foster innovation, increase Mastercard's speed-to-market capabilities and value-added services.

07 May 2019 10:41 AM

SBI will leverage its branch network and engaged relationship with corporates and the govt to provide a technology-led payment service.

SBI, Hitachi Payments form JV for digital payment platform

SBI will have a majority stake in the proposed joint venture, the bank said.

29 Oct 2018 1:32 PM

Paytm says that they have witnessed that users accidentally share their account details with others and are mostly not comfortable with resetting their password. (Representational image)

Paytm testing new feature to enhance account security

Paytm is testing the Face Login feature on its Android beta app to help serve better.

25 Sep 2018 10:27 AM

The government started the initiative of providing discount at petrol pumps on card payment, after demonetisation, owing to the cash crunch and to promote digital payment system.

Oil companies to end discount on digital payment at petrol pumps

The government started providing a discount of 0.75 per cent on fuel purchase through digital payment.

21 Sep 2018 1:54 PM

Berkshire Hathaway Inc has picked up a 25 billion rupees (USD 356 million) stake in the parent of digital payments firm Paytm.

Berkshire Hathaway takes stake in Paytm

The conglomerate run by billionaire Warren Buffett confirmed in an email that Berkshire had invested in One97 Communications Ltd.

28 Aug 2018 1:22 PM

India's digital payments industry, which is currently worth around USD 200 billion, is expected to grow five-fold to reach USD 1 trillion by 2023. (Photo: PTI)

5 tech strong companies disrupting the payments space in India

The payments segment has been the most funded within the Indian fintech landscape, riding on the wave of demonetisation.

13 Aug 2018 1:42 PM

Digital payment transactions in the country have increased manifold to over 2,070 crore in 2017-18, Parliament was informed on Wednesday.

Digital payment transactions rose to over 2,070 cr in 2017-18: Ahluwalia

Digital Payment transaction targets have been allocated to public and private sector banks for 2018-19.

08 Aug 2018 6:46 PM

Country's largest lender State Bank of India (SBI) is planning to expand its Yono (you only need one) customer base to 250 million in the next two years, a top bank official said.

SBI plans to increase Yono user base to 250 million in 2 years

At present 2.5 million users are registered under Yono.

08 Aug 2018 4:56 PM

Minister of State for Railways Rajen Gohain. (Photo: Twitter)

6 pc increase in digital booking of reserved train tickets: Rajen Gohain

Approximately 68 per cent of total reserved tickets were booked through digital means.

03 Aug 2018 3:12 PM

RIL chairman Mukesh Ambani joined him saying, “the scale of SBI’s customer base is unmatched.

SBI, Reliance Jio extend deal to digital payments

SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is with SBI.

03 Aug 2018 1:50 AM

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Sunil Gatade

digital payment