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.
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 'WhatsApp Pay' users will be able to make UPI payments using WhatsApp.
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.
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.
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.
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.
Homegrown digital payment medium like RuPay and BHIM UPI will now have edge over the payment gateway promoted by foreign companies.
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.
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.
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.
Tez, an app for instant money transfers in India was launched by the Google on September 2017.
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.
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.
'Any person purchasing liquor from any shop should be made obligatory to make payment through digital mode'
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.
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
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.