Digital Payments News
Bharat Connect aims to process 1 billion retail transactions per month in 2-3 years
The number of monthly transactions on interoperable Bharat Connect platform has jumped to over 200 million from 25 million in December 2020.
6 min read27 Oct 2024HDFC Bank executive on Apple partnership: ‘Temporary break, reviewing cost-to-income’, says report
HDFC Bank has paused its five-year partnership with Apple to review the cost-to-income ratio, as per Parag Rao, group head – Payments, Consumer Finance, Marketing, and Liability Product Group at HDFC Bank.
1 min read2 Sep 2024Mint Primer | What is NPCI’s game plan for the BHIM app?
Reports suggest that BHIM is looking to foray into e-commerce and integrate with the ONDC. This will enable customers using the BHIM app to access different services provided by ONDC—a government scheme to promote an open e-commerce network.
2 min read20 Aug 2024Digital finance is a money-launderer’s dream, argues an author
Curbing dirty money will require both governments and techies to be less dogmatic, says Geoff White
5 min read9 Aug 2024If a friend bills you $4 for a favor, are they really a friend?
Surprise Venmo requests are souring relationships and revealing just how closely some of us keep score.
5 min read11 Jul 2024Why Airtel Payments Bank is happy to play second fiddle
Serving as a secondary account option to the already banked makes for a 100-million user opportunity, says CEO Anubrata BiswasSeveral people typically opt for a second digital bank account for routine transactions to avoid exposing their primary accounts to potential UPI frauds
2 min read27 May 2024RBI to restrain payment aggregators from storing debit, credit card data from Aug 2025
The good news for card users is that the payment aggregator firms will not be allowed to store card on file (COF) data from August 1 next year onwards. The only entities allowed to store the COF data will be card issuers and card network such as VISA, Mastercard and bank.
3 min read18 Apr 2024RBI mandates regulatory approval for PoS providers to continue operations
The RBI wants non-banks providing physical point of sale services to notify the regulator of their intention to seek approval within 60 days.
2 min read17 Apr 2024Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
UPI transactions in India surged to 9.3 billion in June 2023, driven by P2M transactions, which now account for 57.5% of all UPI transactions. This remarkable growth is expected to continue, with UPI maintaining its dominance in the Indian payment landscape.
11 min read27 Sep 2023Recovering money sent via UPI to the wrong account: What steps to take?
It’s crucial to be ready in case you need to initiate a UPI transaction reversal. Prompt action is essential when it comes to reversing UPI transactions.
5 min read21 Sep 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared