Digital Payment | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 04:36 PM IST

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BHIM-Aadhaar which was launched on April 14 this year is a fairly new payment service and so, daily transactions are in the range of 300-400.

'111.45 crore digital payments were made in May 2017'

In February number dipped to 101.18 crore but surged to 119.07 crore in the following month.

02 Aug 2017 5:30 PM

NPCI has received final approval from RBI to function as the Bharat Bill Payment Central Unit and operate Bharat Bill Payment System.

RBI gives approval to NPCI to operate Bharat Bill Payment System

Almost after a year of running BBPS on pilot basis, NPCI has now received the final clearance from RBI.

28 Jul 2017 8:27 PM

Amazon has rolled out a 10 per cent cashback-bonanza for users of its mobile wallet ‘Amazon Pay’.

Amazon Pay bonanza: Get 10 per cent cash-back on returned items

It is also offering Rs 100 cash-back as Amazon Pay balance, on a bill of Rs 700 for first-time users.

27 Jul 2017 1:31 PM

Bharat Interface for Money (BHIM) App has crossed 16 million downloads and 4 million active customer base.

Pay with NPCI's BHIM app as it hits 16 million download high

BHIM App is a common platform across the nation for making simple, easy and quick payments.

24 Jul 2017 4:43 PM

Increase in digital transactions was witnessed after demonetisation of Rs 500 and Rs 1,000 currency notes on November 8, 2016.

Digital transactions declining since March

Number of digital transactions has come down from 119.07 crore in March 2017 to 118.01 crore in April.

19 Jul 2017 6:36 PM

SBI will cut charges on electronic transfer of funds through NEFT and RTGS by up to 75 per cent from Saturday.

Pay 75 per cent less for NEFT, RTGS transactions with SBI

SBI has also waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS).

13 Jul 2017 6:53 PM

Demonetisation and government's initiative to promote use of debit and credit cards accelerated growth of digital payment.

Digital transactions shot up due post demonetisation: report

Growth of digital payment reached Rs 70,000 crore level in seven months, said the report.

13 Jul 2017 5:23 PM

RBI fixed consumer liability, promoted mandatory registration for SMS alerts and made other rules for safer digital transactions. (Representational Image)

Report bank fraud in 3 days, suffer no losses: RBI

RBI said revised directions are being issued amidst recent surge in customer grievances due to fraudulent transactions,

07 Jul 2017 10:06 AM

Outstanding stock of currency in circulation, which hovered around 12 per cent of GDP during 2011-12 to 2015-16, declined to 8.8 per cent during 2016-17.

Digital payments rose 55 per cent in FY'17: Watal

Overall digital payments recorded a compounded average annual growth rate of 28 per cent from 2011-12 to 2015-16.

03 Jul 2017 3:13 PM

Soon, a government helpline for e-payments grievance redressal

Digital payments on UPI platform have grown from Rs 3,721 till November 8, 2016 to Rs 3.31 lakh as on May 17, 2017.

13 Jun 2017 5:41 PM

MobiKwik will co-create BSNL wallet, a new semi-closed wallet to facilitate ease of payment and also sell BSNL products exclusively in their wallet.

MobiKwik, BSNL tie-up to benefit 95 million users with digital payment services

BSNL wallet will enable masses in paying bills and recharging their phone connections within seconds.

13 Jun 2017 12:28 PM

Paytm Founder and Chief Executive Vijay Shekhar Sharma (Photo: Youtube screengrab)

Paytm eyes digital wallet FreeCharge in $50 mn deal

In May 2015, e-commerce player Snapdeal bought FreeCharge for $400 million.

01 Jun 2017 10:05 AM

With all security measures in place, we Indians can peacefully say,” OK Google, send some money to my brother.”

Can Google Assistant be trusted to send money?

The upcoming addition to Google Assistant looks promising. Will it work in a country like India?

20 May 2017 9:34 PM

Airtel, Ola tie-up to roll out integrated digital offerings

Ola will leverage Airtel's integrated suite of enterprise services to power its operations.

08 May 2017 4:18 PM

Now pay monthly rentals with SBI Card on RedGirraffe

Partnership aims to tap into digital payments market which has gained traction in country.

02 May 2017 7:01 PM

BHIM stands for Bharat Interface for Money.

BHIM-Aadhaar pay: Digital transaction without smartphone

Modi on Ambedkar Jayanti launched a new BHIM-Aadhaar interface for promoting cashless economy.

15 Apr 2017 11:58 AM

Shradha Mengshette receives Rs 1 crore reward from PM Narendra Modi. (Photo: Niti Aayog)

Latur girl wins Rs 1 cr under Modi's digital India push

Shradha Mengshette got reward for making digital transaction of Rs 1,590 through her RuPay card.

15 Apr 2017 10:55 AM

Ravi Shankar Prasad earns PM Modi’s app-laud

The PM said Prasad and his team strive hard to develop a foolproof technology which is also user friendly.

15 Apr 2017 6:04 AM

Government has allocated Rs 3.8 crore for setting up 246 offices and 200 outlets for providing better access to communication and financial services.

Govt allocates Rs 500 cr to India Post Payments Bank

The total paid up equity of the new bank IPPB is Rs 800 crore.

13 Feb 2017 8:14 PM

FreeCharge consumers can also book and pay for more than 61,000 hotels in over 1,100 cities across India using Yatra.

FreeCharge, Yatra in pact for digital payments

Partnership will fulfil our endeavour of making the FreeCharge wallet an integral part in the life of our customers.

09 Feb 2017 8:15 PM

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Sanjeev Ahluwalia