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Cash Use Rises, but 35 Million People Stay on Digital Platforms: NPCI
"If you look at on standalone basis, the country would have added 30-35 million customers on the digital platforms, who have stayed on digital platforms."
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State-Backed Rivals Force India's E-Payment Firms to Step Up
The government is rolling out three tools to facilitate rival cashless transactions - the BHIM UPI app, Aadhaar pay, and Bharat QR.
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BSES Offers Cashback on Bill Payments via MobiKwik, Paytm, and PhonePe
"All customers have to do is pay the bills 7 days before the due-date through the websites / apps of Paytm, MobiKwik and PhonePe."
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Paytm Says It's Confident of Topping Total Card Transactions in India
Alibaba-backed Paytm said it has also seen a multi-fold rise in its user-base post demonetisation in November.
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Idea Money Adopts USSD-Based Digital Payments Platform
Pull-based USSD enables a merchant to initiate the transaction flow and the customer only has to provide the OTP to the merchant.
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Confident That Digital Transaction Charges Will Decline, Says Jaitley
For transactions above Rs 2,000, Jaitley said the RBI is considering the rate to be applied and this is a "work in progress."
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BHIM App Users Have Made Transactions Worth Rs. 361 Crores Till Date: Government
Minister of State for Planning Rao Inderjit Singh also said the BHIM app has brought various banks under one umbrella, making it convenient for the users.
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NPCI Expects All State-Run Banks to Join BHIM by Month-End
"We are confident that once all PSBs are a part of BHIM, the user base will jump multiple times," NPCI's managing director and CEO A P Hota said.
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Samsung Pay to Reportedly Launch With American Express in India
According to a report, Samsung Pay is "exploring opportunities" with MasterCard and Visa as well.
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Paytm CEO Says Digitisation Will Ensure People Pay Taxes
"India is an amazing country where there are 1.2 billion people but only five million have ever paid a tax of at least one rupee."
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Centre Asks States Not to Levy Charges on E-Payments to ULBs
"We must incentivise digital transactions and ensure that no additional fees, charges, etc, are levied for such transactions."
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Digital Transactions Not a Short-Term Substitute for Cash, Says PM Modi
"Digital transactions facilitate formal accounting and sizing of the economy," he said.
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Delhi Government To Make Payments Above Rs 5,000 Electronically
The Delhi government has asked all its departments to make electronic payments to suppliers, contractors and institutions if the order value exceeds Rs 5,000.
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Government Limits Charges on IMPS, UPI Electronic Fund Transfers
The government has directed PSU banks to charge NEFT fees for IMPS and UPI-based electronic fund transfers.
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Paytm Users Experienced Service Outages on Tuesday
A Paytm spokesperson attributed the outage to challenges the company is facing with sudden jump in number of users and associated traffic.
-
Cash Use Rises, but 35 Million People Stay on Digital Platforms: NPCI
"If you look at on standalone basis, the country would have added 30-35 million customers on the digital platforms, who have stayed on digital platforms."
-
State-Backed Rivals Force India's E-Payment Firms to Step Up
The government is rolling out three tools to facilitate rival cashless transactions - the BHIM UPI app, Aadhaar pay, and Bharat QR.
-
BSES Offers Cashback on Bill Payments via MobiKwik, Paytm, and PhonePe
"All customers have to do is pay the bills 7 days before the due-date through the websites / apps of Paytm, MobiKwik and PhonePe."
-
Paytm Says It's Confident of Topping Total Card Transactions in India
Alibaba-backed Paytm said it has also seen a multi-fold rise in its user-base post demonetisation in November.
-
Idea Money Adopts USSD-Based Digital Payments Platform
Pull-based USSD enables a merchant to initiate the transaction flow and the customer only has to provide the OTP to the merchant.
-
Confident That Digital Transaction Charges Will Decline, Says Jaitley
For transactions above Rs 2,000, Jaitley said the RBI is considering the rate to be applied and this is a "work in progress."
-
BHIM App Users Have Made Transactions Worth Rs. 361 Crores Till Date: Government
Minister of State for Planning Rao Inderjit Singh also said the BHIM app has brought various banks under one umbrella, making it convenient for the users.
-
NPCI Expects All State-Run Banks to Join BHIM by Month-End
"We are confident that once all PSBs are a part of BHIM, the user base will jump multiple times," NPCI's managing director and CEO A P Hota said.
-
Samsung Pay to Reportedly Launch With American Express in India
According to a report, Samsung Pay is "exploring opportunities" with MasterCard and Visa as well.
-
Paytm CEO Says Digitisation Will Ensure People Pay Taxes
"India is an amazing country where there are 1.2 billion people but only five million have ever paid a tax of at least one rupee."
-
Centre Asks States Not to Levy Charges on E-Payments to ULBs
"We must incentivise digital transactions and ensure that no additional fees, charges, etc, are levied for such transactions."
-
Digital Transactions Not a Short-Term Substitute for Cash, Says PM Modi
"Digital transactions facilitate formal accounting and sizing of the economy," he said.
-
Delhi Government To Make Payments Above Rs 5,000 Electronically
The Delhi government has asked all its departments to make electronic payments to suppliers, contractors and institutions if the order value exceeds Rs 5,000.
-
Government Limits Charges on IMPS, UPI Electronic Fund Transfers
The government has directed PSU banks to charge NEFT fees for IMPS and UPI-based electronic fund transfers.
-
Paytm Users Experienced Service Outages on Tuesday
A Paytm spokesperson attributed the outage to challenges the company is facing with sudden jump in number of users and associated traffic.
