The worth of digital funds has surged to ₹1,669 lakh crore within the first 5 months (April-August) of the present monetary 12 months 2024-25, in response to Union Finance Ministry. The ministry acknowledged that the transaction quantity of digital funds has reached 8,659 crore throughout the identical interval. The worth of UPI transactions has grown … Read more
India’s digital funds journey reached new milestones, recording a 44 per cent compounded annual development charge (CAGR) in transaction volumes, surging from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24. Within the final 5 months (April-August) of the present monetary 12 months 2024-25, the transaction quantity has touched 8,659 crore, official knowledge … Read more
Visa, a number one digital funds companies firm, is partnering with fintech firm Pine Labs to scale up digital funds acceptance throughout the nation. The partnership goals to improve the in-store cost expertise of hundreds of thousands of retailers who presently rely solely on printed QR codes or different low-tech options. The 2 corporations have … Read more
Visa, a number one digital funds providers firm, is partnering with fintech firm Pine Labs to scale up digital funds acceptance throughout the nation. The partnership goals to improve the in-store fee expertise of tens of millions of retailers who presently rely solely on printed QR codes or different low-tech options. The 2 corporations have … Read more
The fast progress in digital funds in India is being led by a sturdy improve within the funds acceptance infrastructure channels, in response to a report by Worldline India which confirmed UPI QR codes grew 57 per cent from July 2022 to 31.7 crore as of December 2023, and Bharat QR codes grew 32 per cent … Read more
Entry to authorized providers might be made so simple as entry to funds utilizing know-how, mentioned Nandan Nilekani, Chairman and Co-Founder, Infosys, and Founding Chairman of UIDAI (Aadhaar). Additionally learn: Infosys collaborates with Musgrave to drive IT transformation “If I had advised you in 2015 that there might be 350 million individuals who could make … Read more
Reserve Financial institution of India lately imposed restrictions on Paytm Funds Financial institution and barred the entity from providing incremental banking companies efficient March 2024. This is because of considerations concerning breach of and compliance with regulatory norms. On this businessline podcast, Anjana PV talks to Hamsini Karthik, Deputy editor, businessline, on what are the … Read more