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Banks' low profitability, weak asset quality pose difficulty in boosting digitisation: S&PIn its report titled 'Tech Disruption in retail banking: Top tier banks lead the change', S&P said India's digital disruption, however, pos...
- Banks, Fintech Firms Seek Return Of MDR On RuPay, UPI Transactions
Banks and digital payments providers have met with officials of the finance and information technology ministries, seeking a ‘flat, slab-ba...
- No charges on transaction through UPI: NPCI
Reports that UPI transactions will be charged from January 1, 2021 are incorrect, NPCI said in a statement.
- View: India may see freakish high growth in 2021 and three things in the big picture
Indian economy has shown resilience amid Covid and low GoI debt creation may aid recovery. But without deep reforms new normal will be 6%, ...
- 2020 Year in Review | Stage set for UPI to unlock its promise
The year 2021 may well be one where UPI evolves as a core payment channel on top of which businesses are built, unlocking opportunities for...
- Google Pay, PhonePe processed about 82% of total UPI volumes in November
A total of 2.2 billion transactions worth Rs 3.91 lakh crore were processed on UPI network in November.
- Walmart could join other tech giants in picking up stake in one of the NUEs
People close to the situation said that at least two consortium players preparing to apply for the coveted NUE license have approached Walm...
- ICICI Bank opens up its mobile app for customers of rival lenders
The new app, which ICICI Bank claims is a first in the industry, will allow users to link their bank accounts, generate a UPI ID and avail ...
- In RBI’s inflation-growth balancing, growth is big winner in this round
Normally, with this kind of elevated inflation scenario, the regulator would have treaded a more careful path. However, given the extraordi...
- Broadband is bridging the digital access divide between large enterprises and SMEs
As a result of India’s growing broadband infrastructure, an ecosystem to usher India’s large MSME sector into the digital economy has also ...
- Hike in contactless transaction limit to further digital drive: Industry
"This is a welcome step by the RBI to increase transactions and e-mandate limit. The increased limit will also help to boost the average va...
- RTGS to be made available 24X7 in next few days: RBI Governor
Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of eve...
- Union Bank completes integration of all branches of Corporation Bank with itself
With this IT integration, all of erstwhile Corporation Bank, including service and specialised branches, have been fully integrated with Un...
- WhatsApp Pay off to slow start, has under 1% share
UPI is largely dominated by Google Pay and Walmart-owned PhonePe, who together control over 80% of transaction volume
- Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 crore
Paytm will absorb Rs 600 crore in MDR charges annually by banks and other charges to support micro, small and medium enterprises (MSMEs) du...
- Paytm Money launches IPO investments for retail investors
The company is leveraging the convenience of UPI infrastructure to offer a faster turnaround time reduced to 3-4 days for completion of the...
- Paytm announces Rs 10 crore fund for mini app developers on Paytm Mini App store
The platform will not charge the apps any listing fee to the mini app developers and is providing free payment avenues such as Paytm Wallet...
- UPI transactions at Rs 3.29 lakh crore in September
Through the IMPS (Immediate Payment Service) mode of payment, transactions in September rose to Rs 2.48 lakh crore from Rs 2.35 lakh crore ...
- Fintech major Paytm brings back UPI cashback, scratch cards
"We are excited to bring Paytm Cricket League back on our app to reward users with UPI cashback on reaching various milestones, accomplishe...
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