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Tuesday, November 5, 2024
TopicDigital payment

Topic: Digital payment

Paytm & its payments bank discontinue inter-company agreements to reduce dependencies

Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'.

Why Africa is the future of mobile and digital banking

Today, 48% of Africa’s population uses banking services, according to the African Digital Banking Transformation Report 2023.

How the pandemic can help make digital currencies truly global

We know that digital cash will be a direct claim on a central bank, just like its physical counterpart. But there the similarity ends.

India betting on 30% cap on digital transactions to avoid tech monopolies like in the West

India’s approach to avoid monopolies is to decree limits on fintech competitors from the start: No single player can grab more than 30% of total transactions.

Coronavirus succeeds where demonetisation failed as Indians dump cash for digital payments

Value of UPI transactions reached all-time high June as people feared handling banknotes amid the pandemic. Electronic fund transfers have also rebounded.

No data breach in BHIM, says national payments body after web sleuths claim lakhs ‘exposed’

vpnMentor, a site that reviews virtual private network services, said Sunday that data of ‘millions of BHIM users’, including Aadhaar details, had been left exposed to the public.

India has a long way to go to squeeze cash out of the economy & become digital

Despite open model & multitude of competitors in digital payments, 72% of India’s consumer transactions take place in cash, double the rate in China.

Facebook & Google are in a frenzy chasing India’s $1 trillion online payment market

While India's digital payments market will touch $1 trillion only by 2023, China’s current mobile payments market stands at $5 trillion.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

India carries out 1st patrol in Depsang since disengagement with China, to take things ‘slow’

While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.