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Digital Payments /Digital Banking

Paytm To Equip 50 Lakh Merchants With IoT Devices To Ease Payments Acceptance

Mar 09, 2021 PTI

Paytm had recently announced that it has achieved over 1.2 billion monthly transactions led by the massive growth in offline payments and financial services.

How Cloud Can Rescue India’s Banking Sector From Post-Covid Slump

Jan 19, 2021 Ciaran Chu

In 2021, cloud will power vital infrastructure for India’s banking and payments sector, enabling agility, improved remote collaboration and faster application development and deployment.


With This New Feature, You Can Now Make Payments On WhatsApp

With 'WhatsApp Pay' users will be able to make UPI payments using WhatsApp.

Absolute Digital Monopoly, Corrupts Absolutely

Oct 05, 2020 Dr Jaijit Bhattacharya

Imagine if Google stops its Map services in India, It will destroy billions of dollars’ worth of businesses built in India over Google Maps, and make millions of drivers of aggregated cab services jobless and have severe repercussions on the economy per se. This is the high time, we must develop anything of our own.


Digital Banking Will Be The Future Of Banking Post Corona Pandemic

Customers now expect banks to maximize digital interactions and come up with digital alternatives for their day-to-day banking needs as they are now more open to trying out a new app than they were before the COVID-19 pandemic.

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17 July, 2020

Cash No King Anymore: Covid Pandemic Has Accelerated Adoption Of Digital Payments

Manas J Sharma

Given the fact that Coronavirus can sustain on various surfaces for several hours, bank notes going through rapid change of hands during a day could turn out to be a serious health hazard. The risk could be even more pronounced on the coins in circulation.


30 April, 2020

Reliance Jio-Facebook Deal Is A Game Changer For India’s Digital Ecosystem

Vinod Dham

The deal is a win-win situation for both Facebook and Reliance and a big win for fulfilling PM Narendra Modi’s vision of digital payment adoption, writes Vinod Dham.


28 December, 2019

No MDR Charges Applicable On Payment Via RuPay, UPI From 2020: Nirmala Sitharaman

PTI

Homegrown digital payment medium like RuPay and BHIM UPI will now have edge over the payment gateway promoted by foreign companies.


06 June, 2019

RBI Removes RTGS/NEFT Transactions Charges, Asks Banks To Pass On Benefits

Outlook Web Bureau

The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.


08 January, 2019

Nandan Nilekani To Head 5-Member RBI Panel To Boost Digital Payments

Outlook Web Bureau

Besides Nilekani, other members of the panel are former RBI deputy governor H R Khan, former MD and CEO of Vijaya Bank Kishore Sansi and former secretary in ministries of IT and steel Aruna Sharma.


14 October, 2018

US Senators Write To PM Modi, Urge Softening India's Stance On Data Localisation Policy

Outlook Web Bureau

In a letter to PM Modi dated Friday, US Sentors John Cornyn and Mark Warner -- who also hold top leadership positions in their own parties -- have opposed the data localisation requirement of the Indian government.


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28 August, 2018

Google Tez Renamed As Google Pay, App To Now Offer Instant Bank Loans

Outlook Web Bureau

Tez, an app for instant money transfers in India was launched by the Google on September 2017.


17 March, 2018

As Govt Promotes Digital Transactions, Cyber Security Chief Says He 'Rarely' Uses Internet Banking Over 'Issues'

Outlook Web Bureau

Over 1,700 cases of fraud related to credit/debit card and Internet banking with the extent of losses touching Rs 71.48 crore were reported in 2017.



29 September, 2017

Rush To Install Swipe Machines May Cause Rs 3,800 Crore Loss To Banking Industry: SBI Research

Outlook Web Bureau

After the note-ban last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments. Since then, banks have more than doubled their PoS terminals.


08 September, 2017

Payment For Alcohol Should Be In Digital Mode, Traders Body Suggests To Government

Outlook Web Bureau

'Any person purchasing liquor from any shop should be made obligatory to make payment through digital mode'


24 August, 2017

'There's A Perception Abroad That India Is Bureaucratic, Numerous Hurdles In Doing Business There'

Arindam Mukherjee

The government will have to play a major role in creating infrastructure for internet and digitization, says Dr A. Parasuraman, Marketing Professor at the University of Miami.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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