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Majority of users to stop using UPI if it attracts transaction fee: Survey

LocalCircles on Sunday said the survey received over 34,000 responses from citizens in over 364 districts, comprising 67% of male respondents and 33% of womenNew Delhi: A majority of people will stop using UPI if a transaction fee is levied...

Digital public infrastructure’s contribution to triple by 2030: Report

India leads globally in developing DPIs, driving societal transformation through inclusive digital adoption and substantial contributions to the Indian economyNew Delhi: Digital public infrastructures like Aadhaar, UPI and FASTag generated a value of $31.8 billion in 2022, contributing 0.9%...

Indiamart is a conversational commerce hub, thanks to early adoption of AI/ML: Dinesh Gulati, COO

Dinesh Gulati, Indiamart's chief operating officer (COO) sheds light on the B2B marketplace’s evolving business model, the nearly three-decade-long journey of adoption and long-term visionNew Delhi: When it started in the 1990s, Indiamart opened up the world to Indian...

Why is Indian retail prone to cyber threats?

India’s retail and wholesale sectors faced a 22% increase in cyberattacks in 2023. Here’s what’s making us more vulnerable New Delhi: In April 2021, hacked customer data complete with names and contact numbers related to 18 million Domino’s Pizza orders...

IR Smartclass: ABC of ONDC

An explainer on ONDC, the transformative initiative from a business point of viewONDC is gaining momentum with every passing day. In January 2023, when it was made widely available to a larger cross-section of consumers, there were about 800...

UPI major driving force in growth of digital payment: MoS Finance

UPI transactions have grown from 92 crore in 2017-18 to 8,375 crore in 2022-23 at a Compound Annual Growth Rate (CAGR) of 147% in terms of volumeNew Delhi: Unified Payments Interface (UPI) has been the major driving force in...

Automatic payment limit via UPI raised to Rs 1 lakh: RBI

UPI has emerged as a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November New Delhi: On Tuesday, the Reserve Bank of India increased the limit for automatic payments through...

Paytm unveils indigenously made soundbox with card payment option

The company has deployed soundbox at around 8.5 crore point of sales and expect to match the same pace of deployment for the new devices.New Delhi, Sep 4 (PTI) Fintech firm Paytm on Monday launched a soundbox device that lets...

We’re creating sparks right now, the explosion is yet to come: T Koshy, ONDC

T Koshy, managing director and chief executive officer of ONDC speaks about the initiative’s progress so far, its ambitions and potential…New Delhi: On 29 April 2022, Union Minister for Commerce and Industry Piyush Goyal tweeted about a revolutionary initiative...

Simpl introduces AI-powered checkout suite to minimise CoD losses

Simpl aims to replace CoD with an alternate system by working with ecosystem partners and through its AI-powered offerings Bengaluru: Checkout network Simpl has introduced artificial intelligence (AI) enabled checkout suite with an aim to reduce losses from cash on delivery...
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B2B platform Udaan sees sale of 2.25 billion products in 2023

During this period, 900 sellers on the platform achieved sales worth Rs 1 crore eachNew Delhi: Online business-to-business platform...
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