Digital payments

The Central Government on Saturday launched a major training programme for more than 13,000 small and medium businesses on adopting digital payment modes. "The objective of ushering in transparency in the system along with reducing corruption can only be achieved...

India has essentially been a cash-based economy, amassing a value of physical currency estimated to be over 11 per cent of GDP, topping the graph among emerging economies. However, there is still a proportion of India’s population who cannot avail...

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Total payments conducted via digital payment instruments will be in the range of US $500 billion by 2020, which is roughly 10x of current levels, says the report…

Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag. Although the digitisation of payments in India is a recent phenomenon, the trend has displayed...