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
The Open Community for Digital Commerce (ONDC) is aiming to facilitate as much as 40 million transactions monthly by FY25-end, MD & CEO, T Koshy, informed businessline in an unique interplay. The community has a pipeline of 25 lenders to hitch its credit score companies and plans on introducing the mutual fund service on the … Read more
Indian fintech main BharatPe on Tuesday launched BharatPe One, an all-in-one fee product that integrates POS (level of sale), QR code, and speaker into one gadget. The corporate in a press release mentioned it plans to launch the product in about 100 cities within the first part. It can additional scale it to round 450 … Read more
Funds by way of cell wallets have caught the creativeness of individuals within the nation. This mode of fee goes to develop at a CAGR (compound annual development price) of 18.3 per cent over the subsequent 4 years to breach the $6-trillion mark in 2028, in accordance with information and analytics firm GlobalData. The variety … Read more
India is among the greatest locations globally to begin a enterprise at present and positioned second amongst 49 nations, in line with the brand new International Entrepreneurship Monitor (GEM) 2023/2024 Report, launched this week. The insights are primarily based on a survey carried out with consultants in India the place they had been requested to … Read more
Chosen GST payers won’t be able to generate e-way payments with out particulars of e-invoice with impact from March 1, 2024, the Nationwide Informatic Centre (NIC) has mentioned. “That is relevant for e-invoice-enabled tax payers and for the transactions associated to provides below B2B (Enterprise to Enterprise) and exports. Nonetheless, EWBs for different transactions … Read more