Digital Payment Mode
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Highways Authority NHAI Plans To End Cash Toll Payments From April 1
Highways authority NHAI is considering discontinuing cash payments at highway toll plazas from April 1, requiring commuters to use only digital modes such as FASTag or UPI for toll payments.
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NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
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UPI Most Preferred Mode for Payments in India in 2022; 87.92 Billion Digital Transactions Processed: Report
UPI was the most preferred mode for digital payments in 2022, according to a Worldline report. Over 87.92 billion transactions worth Rs 149.5 trillion were processed in last year, and Person-to-Merchant (P2M) and Person-to-Person (P2P) UPI payments were the most popular choices for users in India, as per the report.
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Reliance Retail to Accept Digital Rupee CBDC for Payments in Mumbai Amid India’s Silence on Crypto
Reliance Retail is set to accept India’s CBDC as a mode of payment in order to test its use-cases as well as drive its adoption. The development was confirmed by V Subramaniam, the Managing Director of Reliance Retail. Built on the distributed ledger system of blockchain, the CBDC is a digital representation of India’s fiat currency.
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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Digital Payments Surged by 6 Times in India Over 3 Years Amid COVID-19 Pandemic: Report
Digitial payments in India have seen a huge surge as contactless transactions have surged over six times in the last three years, states a report done jointly by global digital payments leader Visa and payments processor Worldline. The adoption of EMV chip cards has been pivotal for the growth of contactless payments.
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Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
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Cryptocurrency Payments Are Being Accepted in India by These Companies
Cryptocurrencies are increasingly being accepted as a mode of payment in India. Here are some online and offline stores that accept Bitcoin, Ethereum, Litecoin, and other popular digital currencies.
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Budget 2021: Rs 1,500 Crore Proposed For Scheme To Promote Digital Payments
As many as Rs 1,500 crore has been proposed for a scheme that will provide financial incentive to promote digital modes of payment and further boost digital transactions, the Ministry of Finance (MoF) said on Monday.
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Google Tez App: How to Use and Early Takeaways
Google Tez, the Internet search giant’s first UPI-enabled digital payments app was launched in India this week.
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Highways Authority NHAI Plans To End Cash Toll Payments From April 1
Highways authority NHAI is considering discontinuing cash payments at highway toll plazas from April 1, requiring commuters to use only digital modes such as FASTag or UPI for toll payments.
-
NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable sma...
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UPI Most Preferred Mode for Payments in India in 2022; 87.92 Billion Digital Transactions Processed: Report
UPI was the most preferred mode for digital payments in 2022, according to a Worldline report. Over 87.92 billion transactions worth Rs 149.5 trillion were processed in last year, and Person-to-Merchant (P2M) and Person-to-Person (P2P) UPI payments were the most popular choices for users in India, as per the report.
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Reliance Retail to Accept Digital Rupee CBDC for Payments in Mumbai Amid India’s Silence on Crypto
Reliance Retail is set to accept India’s CBDC as a mode of payment in order to test its use-cases as well as drive its adoption. The development was confirmed by V Subramaniam, the Managing Director of Reliance Retail. Built on the distributed ledger system of blockchain, the CBDC is a digital representation of India’s fiat currency.
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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Digital Payments Surged by 6 Times in India Over 3 Years Amid COVID-19 Pandemic: Report
Digitial payments in India have seen a huge surge as contactless transactions have surged over six times in the last three years, states a report done jointly by global digital payments leader Visa and payments processor Worldline. The adoption of EMV chip cards has been pivotal for the growth of contactless payments.
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Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
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Cryptocurrency Payments Are Being Accepted in India by These Companies
Cryptocurrencies are increasingly being accepted as a mode of payment in India. Here are some online and offline stores that accept Bitcoin, Ethereum, Litecoin, and other popular digital currencies.
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Budget 2021: Rs 1,500 Crore Proposed For Scheme To Promote Digital Payments
As many as Rs 1,500 crore has been proposed for a scheme that will provide financial incentive to promote digital modes of payment and further boost digital transactions, the Ministry of Finance (MoF) said on Monday.
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Google Tez App: How to Use and Early Takeaways
Google Tez, the Internet search giant’s first UPI-enabled digital payments app was launched in India this week.
