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Digital payments to likely grow at 30-35% for Fino Payments Bank versus 25% sectoral growth, says Rishi Gupta, MD & CEO

Digital payments to likely grow at 30-35% for Fino Payments Bank versus 25% sectoral growth, says Rishi Gupta, MD & CEO

Wed, Jan 05, 2022

Fintech and digital payments sector is going to tread well this year as the previous year saw a growth despite COVID-19 due to digitalisation, said Rishi Gupta, Managing Director & Chief Executive Officer at Fino Payments Bank.

Safe Transaction: Mastercard, Google Pay together roll out tokenization for card-based payments

Safe Transaction: Mastercard, Google Pay together roll out tokenization for card-based payments

Tue, Dec 21, 2021

Mastercard and Google today announced the rollout of tokenization that will enable Google Pay users to safely transact using their Mastercard credit and debit cards without any hassles.

WHOPPING! Digital transactions grow 80% in last 250 days in India – Check this Razorpay report

WHOPPING! Digital transactions grow 80% in last 250 days in India – Check this Razorpay report

Mon, Aug 09, 2021

Digital transactions have grown by 80 per cent in the last 250 days in India and the home services industry (such as carpentry, plumbing and more) has started to embrace digital payments, making transactions grow by a mighty 138 per cent, a new report showed on Monday.

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1-year of demonetisation: Did India see a cash-less economy?

1-year of demonetisation: Did India see a cash-less economy?

Wed, Nov 08, 2017

November 08,2017, comes as a very special day for PM Narendra Modi and his government has it marks the one year anniversary of their biggest reform "Demonetisation" or commonly known as notebandi.

You can soon buy petrol, diesel online

You can soon buy petrol, diesel online

Thu, Sep 28, 2017

Oil Ministry plans took make petrol and diesel products available for Indian citizen. So far, only price change in these petroleum products can be seen online.

Has demonetisation helped India become a less-cash economy?

Has demonetisation helped India become a less-cash economy?

Fri, Sep 01, 2017

On November 08, PM Narendra Modi banned old Rs 500 and Rs 1000 with an objective to tackle black money, make India a cashless economy and expand the country's tax-base.

Steps taken to bring down cost of digital transactions:FM Jaitley

Steps taken to bring down cost of digital transactions:FM Jaitley

Sun, Aug 27, 2017

Digitisation has to reach down to the village level as cash mode of transactions is always insecure, Finance Minister Arun Jaitley said.

Investing in mutual funds? Beware of frauds before giving personal details

Investing in mutual funds? Beware of frauds before giving personal details

Wed, Jul 26, 2017

According to a report by Indian Computer Emergency Response Team, which is part of Ministry of Electronics and Information Technology, revealed that in every 10 minutes, one cybercrime is reported in India.

RBI makes transactions from ATM, Credit Card and Online safer; Here's what you need to know

RBI makes transactions from ATM, Credit Card and Online safer; Here's what you need to know

Sat, Jul 08, 2017

To make customers feel safe about carrying out various electronic banking transactions, the RBI has come up with rules that will be needed to followed by both banks and customers.

Digital payments rose last year more than the past five years, Niti Aayog says

Digital payments rose last year more than the past five years, Niti Aayog says

Mon, Jul 03, 2017

According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.

RBI says 83% currency remonetised but does it really matter?

RBI says 83% currency remonetised but does it really matter?

Thu, Jun 08, 2017

The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.

Transaction charges: Which is the cheapest mode of money transfer between UPI, IMPS and NEFT?

Transaction charges: Which is the cheapest mode of money transfer between UPI, IMPS and NEFT?

Thu, Jun 08, 2017

UPI distinguished itself from other digital payment mode because of its no charges from banks, one-touch.

MNP for banks if RBI has its way; will you gain from it?

MNP for banks if RBI has its way; will you gain from it?

Thu, Jun 01, 2017

Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.

India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

Sun, May 21, 2017

Union Minister Arjun Ram Meghwal while speaking at the Entrepreneurship Development Institute of India (EDII) institute in Ahmedabad on Saturday said that India's tax net has grown due to the Centre's policiesed by the PM Narendra Modi in the last three years.

Now, transfer, deposit Provident Fund benefits online, says Labour Ministry

Now, transfer, deposit Provident Fund benefits online, says Labour Ministry

Fri, May 19, 2017

"Such move is likely to benefit 4.5 crores EPF subscribers and around than 54 lakh pensioners," the Ministry said.

Debit card fraud? Here's what you must do immediately

Debit card fraud? Here's what you must do immediately

Wed, May 10, 2017

Government has been pushing for less-cash society centered around digital transactions.

Digital transactions shoot up 23 times post note ban to 64 lakh

Digital transactions shoot up 23 times post note ban to 64 lakh

Fri, Apr 14, 2017

Aadhaar Enabled Payments have increased from 2.5 crore in November 2016 to over 5 crore in March 2017, NITI Aayog said.

Growth in digital banking slows down, cash withdrawals fall post March 13

Growth in digital banking slows down, cash withdrawals fall post March 13

Mon, Apr 03, 2017

State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”

584% jump in digital transactions since demonetisation

584% jump in digital transactions since demonetisation

Fri, Mar 31, 2017

It said 100 days of the DigiDhan melas will end with a mega draw on April 14.

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai

Thu, Mar 30, 2017

Reliance Retail in partnership with National Payments Corporation of India (NPCI) on Thursday launched mobile-based in-store UPI Payments facility app over 200 stores in Mumbai.

Every citizen can combat against black money: PM Modi

Every citizen can combat against black money: PM Modi

Sun, Mar 26, 2017

Modi said that with a firm resolution India can see 2.5 crore digital transactions within next six months rather than waiting for a year.

Paytm founder sells 1% in One97 Communications for Rs 325 crore

Paytm founder sells 1% in One97 Communications for Rs 325 crore

Fri, Dec 09, 2016

Paytm founder Vijay Shekhar Sharma has sold 1% of his shares in One97 Communications to its shareholders for about Rs 325 crore. The amount raised will be utilised for Paytm's proposed payments bank operations, in which Sharma holds 51% stake.

Paytm to complete 2 billion transactions this year: CEO Sharma

Paytm to complete 2 billion transactions this year: CEO Sharma

Thu, Dec 08, 2016

On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account.

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