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Thursday, April 25, 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

BJP has a problem of plenty in Phase 2. It can only go down from that

BJP’s fate in the second phase of 2024 Lok Sabha election will be decided in Karnataka, Rajasthan, and Maharashtra, where it performed very well in 2019 but faces a stiff competition now.

Kotak Mahindra Bank shares drop 10% after RBI bans it from taking new customers via digital channels

The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.

Rafale to Exercise Garuda, a look at Indo-French defence ties as Chief of Defence Staff visits France

Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.