digital transactions
Digital transactions worth Rs 20k cr seen daily in India: PM Modi
Modi said small online payments are helping build a big digital economy and many new fintech start-ups are coming up
Digital transactions in India jumped 19 times in last 7 yrs: PM Modi
Earlier today, PM Modi launched two innovative customer-centric initiatives of the Reserve Bank of India
Digital transactions cross 200 mn milestone on NPCI platform in July
A total of 6.65 crore Indian citizens availed banking services through AePS platform in July, it said.
RBI to allow round-the-clock fund transfers under NEFT from December
RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.
Payments banks fall by the way on tight regulatory requirements
According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for payments banks.
Over 3,133 cr digital transactions in FY19, positive trend for ongoing fiscal: Prasad
The government has set a target of over 4,000 crore digital transactions in the ongoing financial year.
Currency in circulation rises 22 pc in May over pre-demonetisation level
Notes in circulation as on Nov 4, 2016 were Rs 17,74,187 cr, which have now increased to Rs 21,71,385 cr as on May 31, 2019.
Cash to lose out to digital by 2022
48 per cent who transact digitally prefer to do so because of the various offers.
'New branch opening pace has come down owing to digital transactions'
The presence of branches is still important, but it is not as important as it was two-three years back, he said.
Postmen to turn bankers with Modi's new payments bank
Modi has sought to end what he has called “financial untouchability” by giving millions of people access to banking services in India.