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Built on the Indian government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts.

406 million UPI transactions worth Rs 59,835 cr clocked in September...

About 312.02 million UPI transactions totalling Rs 54,212.26 crore were clocked in the month of August 2018.

1 Oct 2018 11:48 AM GMT

While the ripples for the blockchain tech started with the disruptive rise of crypto-currencies, and in particular bitcoin, the underlying technology itself is going to seep into a broad range of industries. (Photo: Pexels)

Blockchain to have mixed implication on banking system: Moody's

Blockchain technology has the potential to reduce costs of cross-border transactions for banks.

17 April 2018 11:34 AM GMT

As 2019 beckons, businesses must take it upon themselves to build on these learning opportunities and minimize the unintended threats that these technologies may pose, as the latter underpins Indias evolution into a digital economy.

Digital Transformation: Associated risks you should know about

As organisations rapidly evolve and embrace technology to provide a competitive advantage, new forms of risk are...

8 March 2019 5:33 AM GMT

Partner merchants will be able to accept payments from customers using multiple payment methods including PhonePe wallet.

PhonePe crosses 2 billion transaction mark

PhonePe has achieved annual run-rate of USD 70 billion on transactions from its platform.

15 April 2019 1:03 PM GMT

Google Pay will now send SMS alerts for transactions

Google Pay also uses machine learning-based scam prevention model.

1 Aug 2019 2:36 AM GMT

Taxpayers not required to disclose high-value transactions in ITR. (PTI Photo)

Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 11:08 AM GMT

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

IT Dept detects Rs 1 lakh crore unreported high value transactions

These unreported transactions were detected by the Directorate of Intelligence and Criminal Investigation Department of...

3 May 2018 10:19 AM GMT

Mining involves adding value by dedicating computational resources to verify transactions in a huge public ledger called a blockchain. (Photo: Pixabay)

'Virtual gold' may glitter, but mining it can be really dirty

Bitcoin was created to not only allow secure and anonymous transactions, but for the system to be controlled by users.

24 Dec 2017 7:26 AM GMT

RBI had in December last year capped the MDR charges at 0.25 per cent for transactions up to Rs 1,000.

RBI rationalises charges on debit card transactions

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

7 Dec 2017 5:10 AM GMT

Over 10 lakh offline merchants across India accept Paytm for payment including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, and parking.

Paytm eyes 4.5 billion transactions this year

Company today announced partnership with MMTC-PAMP to enable consumers buy gold.

27 April 2017 8:55 AM GMT