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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI guidelines on mobile wallet payments out

Currently, a mobile wallet does not allow customers to send or receive money from a wallet run by another company.

17 Oct 2018 8:49 AM IST

Built on the Indian government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts.

406 million UPI transactions worth Rs 59,835 cr clocked in September...

About 312.02 million UPI transactions totalling Rs 54,212.26 crore were clocked in the month of August 2018.

1 Oct 2018 5:18 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

High pricing may have also impacted first day investors response post listing for these two IPOs said analysts.

IPOs disappoint on market debut

Sterling & Wilson finally closed 7.01 per cent down at Rs 725.35 on the BSE and 6.89 per cent down at Rs 726.20 on the...

21 Aug 2019 1:36 AM IST

Payments on UPI in June hit an all-time high. (PTI Photo)

UPI payments hit all-time high of 1.34 billion transactions in June

On a month-on-month basis it registered a 8.94 per cent growth from 1.23 billion in May

2 July 2020 1:05 PM IST

SBI reports over four-fold jump in Q4 profit. (PTI Photo)

Digital transaction charges row: No charges for basic savings bank...

The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or...

24 Nov 2021 1:54 PM IST

PM Modi inaugurates first ever optical fibre cable project for Andaman and Nicobar Islands. (PTI Photo)

Digital transactions in India jumped 19 times in last 7 yrs: PM Modi

Earlier today, PM Modi launched two innovative customer-centric initiatives of the Reserve Bank of India

12 Nov 2021 1:13 PM IST

Prime Minister Narendra Modi and Singapore Prime Minister Lee Hsien Loong witness launch of the UPI-PayNow linkage (Real-time Payment Systems Linkage between the two countries) via video conferencing. (Photo: PTI)

AA Edit | UPI may be a game-changer

Singapore is the first country with which India has launched a cross-border person-to-person (P2P) payment facility

24 Feb 2023 12:10 AM IST

WhatsApps end-to-end encryption relies on the generation of unique security keys, using the Signal protocol that are traded and verified between users to guarantee communications are secure.

WhatsApp testing its payment services in India ahead of launch

WhatsApp has over 200 million users in India.

23 Jun 2018 1:22 PM IST

In a Twitter post about 90 minutes after the shooting at a Walmart store in suburban Denver, police said investigators had confirmed that two men were dead and a woman was taken to a local hospital, but no further details were given. (Photo: AFP)

Walmart India activates UPI on its B2B e-commerce platform

UPI is in addition to various other payment modes such as credit card, debit card, net banking and e-wallets.

16 Aug 2018 1:40 PM IST

Tata Power on Wednesday said its generation during April-June quarter was recorded at 12.4 billion units.

Tata Power introduces QR code for bill payment

QR code linked to Unified Payments Interface (UPI) will be printed on the electricity bills.

17 Aug 2017 6:01 PM IST

The need for a mode for digital payments has forced people to open bank accounts, opt for smart cards and even get on to the internet with and take help from digital payment apps to ease out the payment modes.

Only 7 pc rise in transactions through cards post demonetisation

Digital transactions in all modes increased by 23 per cent to 27.5 million from 22.4 million.

16 July 2017 1:27 PM IST