digital payments
Card payments push may land banks with a Rs 3800 cr annual hole
Net revenue gain per annum from ON-US transactions at PoS would be around Rs 900 crore only.
Jaitley launches Google's payments app for India - 'Tez'
Tez is a payments app that is Unified Payments Interface-enabled and is targeted for Indian customers, unlike Android Wallet.
Merchants who accept BHIM payments to get cashback up to Rs 1,000
Valid till March 31, this scheme allows traders to get cash back of Rs 50 for 20-50 transaction.
MobiKwik partners Samsung Pay for select devices
More than 55 million users and 1.4 million merchants will benefit from this association.
Make India $1 trillion digital economy in 4 yrs: Prasad to industry
Indian IT sector has crossed Rs 10 lakh crore in revenue and exports have crossed Rs 7.5 lakh crore.
Amazon India doubles its seller base to 2 lakh
E-commerce giant says it has constantly worked towards helping sellers chart their growth.
3 yrs of Modi govt: Digital economy to cross $1-trn mark
IT Minister Ravi Shankar Prasad says main focus would be on services and offerings in digital space.
Paytm Payments Bank starts, eyes 500 mn customers
Paytm Payments Bank aims to open 31 branches and 3,000 customer service points in its first year.
There are alternate modes of payments for end consumers
FinTech companies are innovating and introducing many ‘alternate’ payment options.
Wanna Cry: RBI asks banks to update ATM software
Central bank's instructions come as majority of ATMs run on old version of Windows operating system.