digital payments

Mumbai banker loses Rs 87,000 via digital payments app

With increased online payments it is important to know how to protect UPI transactions from cyber fraud.

Aug 30, 2019, 14:20 PM IST

Union Budget 2019: 2% TDS imposed on cash withdrawal exceeding Rs 1 crore to encourage digital transactions

Centre on Friday introduced a two per cent TDS (Tax Deducted at Source) on cash withdrawal exceeding Rs 1 crore in a year from a bank account. The Union Budget 2019 proposed this to encourage digital payments and cashless economy and to promote digital payments.

Jul 05, 2019, 15:16 PM IST

Banks must strive to be seen as institutions of clean, prudent lending: Arun Jaitley

Jaitley said that the formalisation of the Indian economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and Digital Payments have enabled better assessment of financial capacity and risks.

Sep 25, 2018, 16:28 PM IST

Paytm flags concerns over Google Pay's privacy policy, says company sharing payment data

Paytm said this in a recent letter to the National Payments Corporation of India.

Sep 21, 2018, 12:12 PM IST

Need for relook at payments norms to keep pace with tech changes, says Niti Aayog

Only in 15 states, higher volume payments are digitised.

Jul 31, 2018, 16:44 PM IST

Digital transactions touched record high of Rs 71,634 crore on March 28: Finance Minister Arun Jaitley

98.2 lakh digital transaction were made on Thursday.

Mar 29, 2018, 23:46 PM IST

Digital payments to reach $1 trillion by 2023 in India: Report

The share of cash transactions in India is estimated to account for 70% of total transactions in value terms and 90% in volume.

Feb 15, 2018, 21:23 PM IST

Debit, credit cards, ATMs will be redundant in 4 years: Niti Aayog

Niti Aayog CEO Amitabh Kant on Saturday said debit and credit cards as well as ATMs will be redundant in next three-four years and people will use their mobile phones for financial transactions.

Nov 11, 2017, 21:28 PM IST

PayPal launches India operations: 5 things you need to know

PayPal will be able to process both local and global payments.

Nov 09, 2017, 13:56 PM IST

India's transition to GST fairly smooth despite attempts to derail it: Arun Jaitley

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.

Oct 10, 2017, 12:42 PM IST

MobiKwik to spend Rs 80 crore on marketing, promotion in 6 months

Mobile wallet companies like Paytm and MobiKwik have also seen manifold growth in transactions as well as new users coming on board.

Oct 08, 2017, 15:31 PM IST

Traders are 'positive' about GST, need handholding: PM Modi

The prime minister also called for sustained efforts to boost digital payments and work towards a less cash society.

Sep 27, 2017, 18:56 PM IST

50% of train tickets purchased in cash in India: Study

Fifty percent of train tickets in the country are still purchased in cash, thanks to the dependence on neighbourhood ticketing agents, said a study.

Sep 19, 2017, 17:25 PM IST

Digital payment bound to pick up with new technology, says FM Jaitley

Jaitley further said high denomination currency circulation has come down in terms of volume after demonetisation of Rs 500 and Rs 1,000 notes that came into effect from November 9 last year.

Sep 18, 2017, 15:46 PM IST

Paytm invests in mobile loyalty start-up MobiQuest

Using Mobiquest's solution, merchants will soon be able to design customised multi-channel loyalty programmes that will enable them to retain and engage with their consumer base and thereby, increase their revenues.

Jul 18, 2017, 17:26 PM IST

MobiKwik partners Samsung Pay for select devices

Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.

Jul 16, 2017, 12:47 PM IST