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Digital transaction News

23 Oct 2024

Cash Transactions Decline Rapidly In India As Digital Payments Surge: RBI

Pradip Bhuyan from the Reserve Bank’s Department of Currency Management wrote in the paper that the share of digital payments more than doubled from 14-19 per cent in March 2021 to 40-48 per cent in March 2024, with unified payments interface (UPI) playing a key role.

25 Nov 2021

NITI Aayog proposes to bring Digital Bank

Government think-tank Niti Aayog proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country

5 years of Demonetisation

08 Nov 2021

5 years of Demonetisation: Big advantage of small currency notes

November 8, 2021 marked five years since the Indian government decided to cancel the Legal Tender Status of Rs 1000 and Rs 500 denomination currency notes with a larger purpose to move India from a Tax Non-compliant society to a compliant society.

02 Aug 2021

PM Narendra Modi launches e-RUPI digital payment solution: Key points

Prime Minister Narendra Modi on Monday launched e-RUPI – a person and purpose specific digital payment solution. Launching digital payment solution via video conferencing, PM Modi said that the electronic voucher-based digital payment system, e-RUPI, to aid targeted, transparent, leakage free delivery.

06 Nov 2017

People are shifting towards digital transaction, says Arun Jaitley

Digital transactions and transactions through banking instruments is going to grow, he added.

Digital transaction

21 Jul 2017

Rs 12,000 crore worth of digital transactions carried out: Government

According to the details given by the minister, the number of cases of fraud involving credit cards, ATM/Debit cards and internet banking during 2015-16 was 16,468 and 13,653 in 2016-17.

25 May 2017

Post-note ban 12.54 lakh PoS terminals added in Q4

Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.

Lucky Grahak Yojana

14 Apr 2017

Lucky Grahak Yojna: Mobile EMI fetches Rs 1-crore bonanza for student

An EMI payment of Rs 1,590 for a newly bought mobile phone has earned a mega lottery of Rs 1 crore for 20 year-old engineering student Shradha Mohan Mengshette under the government's Lucky Grahak Yojana.

10 Apr 2017

Whatsapp to soon launch its digital payment service in India

30 PM for getting the detailed news updates!

Digital transaction

15 Mar 2017

Digital transaction to touch Rs 4 cr/day this year: Ravi Shankar Prasad

Digital transaction is growing and is expected to increase by 33 percent to Rs 4 crore per day this year, IT Minister Ravi Shankar Prasad on Wednesday said.

digital payments

24 Jan 2017

Transactions through card may become cheaper

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