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Key indicators point to slowing business activity
Livemint, New Delhi | By Shreya Nandi and Gireesh Chandra Prasad
UPDATED ON DEC 23, 2020 06:05 AM IST
This loss of momentum in economic recovery for the first time in seven months from the turbulence caused by the pandemic could worry policymakers as they prepare for the federal budget.
DakPay: All about India Post Payments Bank digital payment app
Hindustan Times, New Delhi | By hindustantimes.com| Edited by Mallika Soni
PUBLISHED ON DEC 15, 2020 06:42 PM IST
DakPay will provide digital financial and assisted banking services provided by India Post and IPPB through the postal network across the country.
WhatsApp refutes in SC claims of ‘unsecure’ payment services system, says ‘Absolutely baseless’,
New Delhi | By Asian News International | Posted by Deepali Sharma
PUBLISHED ON DEC 14, 2020 07:09 PM IST
The plea also sought directions to the Reserve Bank of India for framing regulation to ensure that data collected on UPI platforms are not “exploited” or used in any manner other than for processing payments.
Pandemic increased momentum of digitisation, says NPCI COO
Kolkata | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON DEC 12, 2020 02:45 PM IST
Chief Operating Officer (COO) of NPCI Praveena Rai said that pace of digitisation has also increased due to the regulatory framework and policies of the government and RBI.
SC to hear plea on framing of rules to ensure data security on UPI platforms
New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON NOV 20, 2020 04:01 PM IST
The matter came up for hearing before a bench comprising Chief Justice SA Bobde and Justices A S Bopanna and V Ramasubramanian which listed it for hearing next week.
Flawed regulation can undermine the digital payment ecosystem
By Anupam Manur
UPDATED ON NOV 11, 2020 08:32 PM IST
The National Payments Corporation of India’s (NPCI) announcement on the limits placed on Unified Payments Interface (UPI) transactions for third-party apps is flawed
Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details
New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON NOV 10, 2020 05:22 PM IST
Paytm Payout is driven by APIs on Paytm for Business Dashboard to make bulk payments to bank accounts, UPI addresses, and Paytm Wallets instantly.
Capping market share of UPI players to impact users, may hit adoption in future: Industry experts
New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON NOV 07, 2020 02:23 AM IST
On Thursday, National Payments Corporation of India (NPCI) said a single Third Party App Provider (TPAP) can handle only 30% of overall UPI (Unified Payments Interface) transaction volumes. The cap shall be applicable with effect from January 1, 2021.
WhatsApp Pay now available for India users. Here’s how it will work
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON NOV 06, 2020 04:57 PM IST
WhatsApp had in 2018 started testing its UPI-based payments service in India, which allows users to utilise the messaging platform to send and receive money. The testing was limited to about a million users as it waited for regulatory approvals to come in.
No fee will be charged for sending money via WhatsApp: Mark Zuckerberg
California | By Asian News International| Posted by Susmita Pakrasi
UPDATED ON NOV 06, 2020 09:15 AM IST
On November 5, the NPCI had stated that WhatsApp can expand its UPI user base in a graded manner starting with a maximum registered user base of 20 million in UPI.
UPI payments grow 80% in a year with over 2 billion payments: NITI Aayog CEO
New Delhi | By Asian News International
PUBLISHED ON NOV 02, 2020 01:37 PM IST
As per Kant, the transaction volume has grown 80 per cent in a year’s time as there were 1.14 billion payments made through UPI in October last year.
Reserve Bank bars payment system operators from launching new QR codes for transactions
Mumbai | By Press Trust of India | Posted by Niyati Singh
UPDATED ON OCT 23, 2020 02:39 PM IST
The Reserve Bank on Thursday barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions.
Paytm users to pay 2% charge on using credit cards to top up wallets
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON OCT 17, 2020 07:58 PM IST
Paytm is also providing an offer, wherein users will get 2 per cent cashback up to Rs 200 on adding minimum Rs 50 using credit card, as per the message.
SC notice to Centre, Google, Amazon, FB on plea over protection of UPI transactions
Hindustan Times, New Delhi | By Abraham Thomas | Posted by Kanishka Sarkar
UPDATED ON OCT 15, 2020 03:02 PM IST
Senior advocate Shyam Divan appearing for Viswam said that RBI issued an order in April 2018 asking these multinational firms to ensure data transacted on these forums is secured in a server within India.
Paytm aims to support 1 million apps on Mini App Store
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON OCT 08, 2020 02:09 PM IST
Paytm had said over 300 app-based service providers have already joined the programme, including the likes of Decathlon, Domino’s Pizza, FreshMenu, Netmeds, NoBroker, Ola, and more. These apps are expected to make their way to the Mini App Store soon.
Plea in Supreme Court over data protection in UPI platforms
Hindustan Times | By HT Correspondent, New Delhi
UPDATED ON SEP 11, 2020 05:59 AM IST
Viswam, a Rajya Sabha MP belonging to Communist Party of India (CPI), contended that RBI and NPCI are compromising interests of Indian users by allowing “non-compliant foreign entities” to operate its payment services in India in violation of right to privacy of millions of Indians who use online payment platforms.
Nilekani opens credit infrastructure to aid small businesses
Hindustan Times, New Delhi | By Tarush Bhalla & Shreya Nandi
UPDATED ON JUL 23, 2020 12:02 AM IST
Speaking at the Global Fintech Festival, 2020 on Wednesday, Nilekani, co-founder and non-executive chairman of Infosys Ltd, described the initiative as a credit protocol infrastructure called the Open Credit Enablement Network or OCEN.
UPI payments hit all-time high of 1.34 billion transactions in June
New Delhi | By Press Trust of India
PUBLISHED ON JUL 02, 2020 11:01 AM IST
UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials.
Covid-19 has opened the doors for Gov Tech 3.0 | Analysis
By Varad Pande and Kriti Mittal
UPDATED ON JUN 11, 2020 07:17 PM IST
The government should now focus on creating digital commons, while ensuring robust privacy protection
Delhi Police probing two case of fake UPI IDs in name of PM-Cares Fund
Hindustan Times, New Delhi | By Karn Pratap Singh
UPDATED ON MAY 21, 2020 02:00 AM IST
Delhi Police cyber cell investigators traced people behind the fraud to some areas in Jharkhand, including Jamtara, which has emerged as a hub of cyber frauds such as phishing in recent years.
No more free dhaniya, mirchi: Lockdown brings change in buying behaviour, more older people hop onto digital tech
Delhi | By Press Trust of India | Posted by: Alfea Jamal
UPDATED ON MAY 11, 2020 02:10 PM IST
The coronavirus lockdown has brought a sea change in the buying behaviour of many Indians, such as purchasing vegetables and other consumables without asking for prices, far from the old habit of asking ‘dhaniya’ or ‘mirchi’ free from vendors.
Noida police urge people to beware of Covid related cyber frauds, issue advisory
Hindustan Times, Noida | By Tanmayee Tyagi, Noida
UPDATED ON APR 23, 2020 11:16 PM IST
Police said there have been a few cases wherein people have been defrauded of money after clicking on such links.
UPI transactions drop in March, RTGS shoots up due to lockdown
New Delhi | By Press Trust of India
UPDATED ON APR 21, 2020 10:35 AM IST
According to the data, the volume of UPI transactions in March slipped to 124.68 crore from 132.57 crore in February.
LIC steps up response to combat the impact of Covid-19
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 11, 2020 08:21 PM IST
LIC of India has assured its policyholders that the Death claims arising due to COVID-19 shall be treated at par with other causes of death and payments shall be made on an urgent basis.
Woman dials RTO number, loses Rs 1 lakh through UPI fraud in Pune
Hindustan Times, Pune | By HT Correspondent
UPDATED ON APR 08, 2020 05:53 PM IST
The 41-year-old resident of Baner-Pashan link road area found the fraudster’s number in the list of regional transport office (RTO) contacts.
Why you should buy an insurance for your honeymoon
UPDATED ON DEC 13, 2019 01:09 PM IST
With Honeymoon Holiday Cover, you can avail coverage of up to Rs.3 lakh at an annual premium of just Rs.699.
India has potential for very rapid economic growth, says Bill Gates
New Delhi | By Press Trust of India
UPDATED ON JUL 25, 2020 10:25 PM IST
In an exclusive interview to PTI, Gates, the world’s richest person, specifically complimented India’s Aadhaar identity system and the country’s performance in the financial services and pharma sectors.
Conducive macroeconomic environment key to boosting digital payments: RBI report
livemint | By Shreya Nandi
UPDATED ON SEP 12, 2019 01:30 PM IST
The adoption of digital payments depends on supply side factors such as robust payments infrastructure, reduced cost of online payments, among others. UPI and wallets are giving stiff competition to debit and credit card based payments
UPI to witness massive growth over next 5 years, says report
livemint , New Delhi | By Shreya Nandi
UPDATED ON AUG 26, 2019 02:16 PM IST
Choices pertaining to the payments space during 2018-19 portrays a different picture, with ATM transactions being the highest. Going forward, ATM transactions are expected to comprise 5% of total transactions between 2021-22 and 2024-25.
BharatPe raises $50 million led by Ribbit Capital, Steadview Capital
livemint , Mumbai | By M. Sriram
UPDATED ON AUG 26, 2019 02:12 PM IST
The one-year old firm currently facilitates 18 million UPI payments every month. The startup had also forayed into lending earlier this year.
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