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Digital transactions News

31 Aug 2024

UPI Processed Rs 81 Lakh Cr Worth Transactions In April-July, Up 37% YoY

In July, UPI transactions crossed Rs 20.6 lakh crore — the highest-ever during a month. The value of UPI transactions processed remained above Rs 20 lakh crore for three consecutive months. Paysecure examined 40 of the top alternative payment methods from around the world to reveal this data.

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

Prime Minister Narendra Modi

12 Nov 2021

PM Modi lauds India's shift to digital transactions

PM Modi the statements at the launch of RBI initiatives schemes He hailed the use of UPI in India He also applauded the role of cooperative banks in strengthening India’s economy

06 Apr 2021

Cybercrimes at its peak! New techniques used for financial frauds

According to an official spokesperson of the Economic Offence Wing (EOW) Patna, the criminals are sending forged links after every digital transaction through which they hack the phones of individuals and then compel the users to send the One Time Password (OTP) by using which they empty the bank accounts. 74 investigating teams headed by an inspector rank officer and comprising four computer experts, one inspector, three sub-inspectors, and two constables have been constituted in the state to look into such cases. According to the official, over 1,000 cases related to cyber fraud are reported in Bihar every year, the majority of them related to bank and online financial frauds.

NEFT transactions

16 Dec 2019

NEFT transfer available 24x7 from today; Check other details

The RBI's latest move will facilitate digital transactions in India and the bank customers will now be able to transfer their amounts higher than IMPS via NEFT on any day any time.

digital transactions

30 Apr 2018

Do digital transactions and get discount on MRP; govt working on proposal

Businesses, on the other hand, could get a cashback based on the quantum of turnover through the digital mode.

29 Mar 2018

Digital transactions touch record high of Rs 71,634 crore on March 28: Jaitley

98.2 lakh digital transaction were made on Thursday.

debit card transactions

15 Dec 2017

No transaction charges on debit card payments up to Rs 2,000

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

digital transactions

24 Nov 2017

No proposal to withdraw cheque book facility: Finance Ministry

Media reports had earlier said that the central government may withdraw bank cheque book facility in the near future to encourage digital transactions.

digital transactions

21 Nov 2017

Modi government planning to ban Cheque books to push digital transaction?

The government has been pushing for a less-cash economy and promoting digital transactions, especially post- demonetisation of high value currency in November last year.

08 Nov 2017

Demonetisation has widened scope for digitisation among retailers: Study

More digital interface would help create a transaction history for the small retailers and enable them to get loans from banks.

07 Nov 2017

Demonetisation not one-stop solution to end corruption: Arun Jaitley

The Finance Minister said he was "more than satisfied" with the new direction the economy is moving.

Independence Day

15 Aug 2017

On 70th Independence Day, PM Modi urges greater digital transactions

Prime Minister Narendra Modi on Tuesday urged the nation, especially the youth, to adopt the digital platform for their money transactions.

Confederation of All India Traders (CAIT)

07 Jul 2017

Traders urge GST Council to remove anomalies in tax slabs

The traders' body suggested the government to re-examine the category of products and services under the 28 percent tax slab, arguing that many of the products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.

11 Jun 2017

Technology behind bitcoin may increase government productivity

An Australian research indicates blockchain technology -- that enables bitcoin -- may increase productivity and innovation in government and industry in the future.

Allahabad resident

13 May 2017

Allahabad resident takes to digital transactions; lauded by PM

Rahul Ganguli, a private school employee, was lauded by Modi in a letter dated May 8 which he received in response to a special postcard the city dweller had sent to the PM on the occasion of 150th anniversary of the Allahabad High Court.

digital transactions

14 Apr 2017

Digital transactions shoot up 23 times post note ban to 64 lakh

Digital transactions increased by about 23 times in March to nearly 64 lakh, with total value of Rs 2,425 crore, from last November when demonetisation took effect.

07 Apr 2017

HDFC Bank launches its UPI on Chillr

Launch of HDFC Bank`s UPI on Chillr will benefit customers of 44 banks that will now be able to conduct digital transactions seamlessly using the Chillr app.

Debit Card payments

06 Apr 2017

Debit card payments: RBI to soon issue final guidelines on MDR charges

Aimed at encouraging digital transactions, the Reserve Bank on Thursday said it will soon come out with final guidelines on MDR charges on debit card payments.

04 Apr 2017

WhatsApp mulls foray into digital payments with India launch

WhatsApp is working to launch digital payments in India in the next six months.

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