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Representational image | Manisha Mondal/ThePrint

50 nations promised cash to fight Covid. Few, like India and Bangladesh, are doing it right

India’s trinity of Jan Dhan, Aadhaar, and mobile communications — or JAM — can work wonders if it is used extensively to reform citizen–state engagement.
Passengers use smartphones at Mumbai Central railway station | Dhiraj Singh/Bloomberg

Modi’s demonetisation will be of use during the coronavirus lockdown

Modi govt's overnight, ill-conceived, egotistic decision that left lakhs of people jobless and paralysed India’s informal economy 3 yrs ago may just give some returns.
Representational image | Manisha Mondal/ThePrint

‘Pay safe, stay safe’: Modi govt encourages digital payment amid coronavirus scare

The move comes at a time when India has reported 169 coronavirus cases and the government is trying to encourage social distancing to curb its spread.
The digital payment service PhonePe, (Representational Image) | Photographer: Samyukta Lakshmi | Bloomberg

UPI’s rapid growth proves India can build world-class payments infrastructure from scratch

Three years ago, even banks did not give Modi govt's Unified Payments Interface much odds of success. Now, UPI is one of the fastest-growing payment platforms in the world.
A man holds a Rs 2000 banknote | Dhiraj Singh/Bloomberg

Three years after demonetisation, survey finds people still prefer cash payment

Survey, released by LocalCircles Friday, also found that contrary to Modi govt’s intentions Rs 2,000 note has made it easier for people to keep cash in stock.
MobiKwik

You can’t coerce India to adopt digital payments. Here’s what Modi govt should try instead

Those who invested in or built standalone payment firms might be regretting because Modi govt’s move to remove MDR has harmed their business model.
Representational image | Photo: Anindito Mukherjee| Bloomberg

Paytm, PhonePe, Amazon, Google help push UPI payments past 1 billion transactions

UPI has now surpassed 100 million users, thanks to booming smartphone use and wireless data rates among the lowest in the world.
The Google Inc. logo at the company's exhibition stand at the Noah Technology Conference in Berlin, Germany | BloombergThe Google Inc. logo at the company's exhibition stand at the Noah Technology Conference in Berlin, Germany

Google plans to expand digital payments in India with Spot

Alphabet Inc.’s push for digital payments in India ties in with the Modi govt's efforts to use mobile technology to connect rural residents to the banking infrastructure.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai, India

RBI says all data processed outside India will have to be brought back within 24 hours

The RBI said in its FAQs that after processing, data regarding payments shall be stored only in India & the complete end-to-end transaction details should be included.
Representational image of digital payment | Samyukta Lakshmi/Bloomberg

Smartphones are the new credit cards as digital payments give cash a run for its money

More Indians are using their smartphones to make payments than swiping their debit and credit cards at stores.

On Camera

Is India’s coronavirus lockdown leading to stress in families or strengthening relationships?

The 21-day nationwide lockdown due to coronavirus has led to people working from home and thus, spending more time with their families and partners.

Defence

Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.