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For nearly one in three respondents, festival season spending has become largely cashless with 32 per cent of those surveyed not having used cash for festival season purchases. (Photo: ANI)

42 per cent Indians prefer digital payments over cash during shopping

The preference for digital payments, including eWallet and UPI payments, is more pronounced with younger consumers.

24 Oct 2019 7:47 AM IST

Paytm has updated its app to launch Indias first APP POS, which will democratise digital payments. (Photo: Representational Image)

Paytm raises USD 1 billion in fresh funding

Accounts advised by T Rowe Price Associates were among the new investors for the fund, Paytm said in a statement.

25 Nov 2019 12:17 PM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

8 Nov 2019 5:26 PM IST

Discontinuation of magnetic stripe cards and mass closure of zero balance accounts saw 154 million debit cards going out of use at the end of September quarter.

154 mn debit cards out of use as magnetic strips, zero balance go

There were about 836 million debit cards and about 53 million credit cards in circulation at the end of September...

3 Dec 2019 1:47 AM IST

Infosys co-founder and former CEO Nandan Nilekani. (Photo: PTI)

Former UIDAI chief Nandan Nilekani to head RBI panel on digital...

RBI appointed Nandan Nilekani as the chairman of High-Level Committee on Deepening of Digital Payments in the country.

8 Jan 2019 4:22 PM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Digital payment apps need to be more user-friendly: report

Around 44 pc of aware disadvantaged groups and 50 pc of aware advantaged groups are users of digital payments.

24 Feb 2019 12:39 PM IST

Mobile payments industry will be a significant factor in driving this growth.

4 companies bringing the next phase of payments revolution in India

Digital payments are going to reach 1 trillion USD by FY 2023 from the existing USD 200 billion.

15 March 2019 12:45 PM IST

The new government-sponsored payments app named Bharat Interface for Money (BHIM) created by the National Payments Corporation.

Unauthorised surcharging impeding online payment system: Study

It is estimated that the merchants were burdened with nearly Rs 10,000 crore towards credit card Merchant Discount Rate...

3 March 2019 5:31 PM IST

Partner merchants will be able to accept payments from customers using multiple payment methods including PhonePe wallet.

PhonePe crosses 2 billion transaction mark

PhonePe has achieved annual run-rate of USD 70 billion on transactions from its platform.

15 April 2019 6:33 PM IST

UPI has been key in steering the entire ecosystem of consumers, payment processors and banks towards digital transformation and it continued its monumental growth in 2019.

Festivals drive up digi-pay in Q1

UPI transaction volumes up 328 per cent.

22 May 2019 3:37 AM IST

Few large retail outlets have already started advertising the downward revised prices of FMCG items.

DPIIT to soon float draft national retail policy to seek stakeholders'...

The policy will streamline the retail trade and promote ease of doing business in the retail sector.

14 July 2019 12:22 PM IST

Digital transactions in October shot up to 965 million transactions, the highest ever so far. (Photo: Pexels)

Over 3,133 cr digital transactions in FY19, positive trend for ongoing...

The government has set a target of over 4,000 crore digital transactions in the ongoing financial year.

10 July 2019 8:35 PM IST