Monday, 23 May, 2022
TopicDigital payments

Topic: Digital payments

Before RBI launches digital rupee, it must clear for Indians what the incentives are

RBI should be mindful of four key aspects as it lays the foundation for a digital rupee architecture.

RBI allows digital payments without internet, up to Rs 200 per transaction

Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.

Collect payments hassle-free with PeachPay, an all-in-one tool to manage a freelance business

Generate invoices, receive payments and build a continuous income stream with the one-stop freelance business management platform, PeachPay.

Union Cabinet approves Rs 1,300-crore incentive scheme to promote digital payment

Electronics & IT Minister Ashwini Vaishnaw said the govt will reimburse transaction charges levied on digital payments made by persons as part of the merchant discount rate.

UPI payments grew 200% annually over last 5 years, says National Payments Corp global arm CEO

Ritesh Shukla was speaking at the Global Technology Summit (GTS) 2021 organised by think tank Carnegie India and the Ministry of External Affairs. ThePrint is a digitial partner.

Five years after demonetisation, cash transactions are down but not gone, survey says

According to the LocalCircles survey, over the last year, 20% of respondents reduced their cash transactions in favour of digital payments. 

Why India’s stagnated law for digital payments must be redesigned

Since the enactment of PSS Act in 2007, the digital payments landscape has undergone extensive changes but the law governing it in India continues to function with various gaps.

Prosus-backed PayU to acquire payment gateway company BillDesk for Rs 345 bn

BillDesk, backed by Visa, was one of the pioneers of online payments in India alongside larger rival Paytm. Its services are common especially among retailers in the country.

What is e-RUPI & how it could be the first step towards launching digital currency in India

These vouchers are person- and purpose-specific, meaning if they are released by the government for the purpose of vaccination, then they can be redeemed only for that. 

PM Modi to launch ‘e-RUPI’, a cashless & contactless solution for leak-proof welfare delivery

e-RUPI digital solution will be delivered to beneficiaries in the form of a QR code and SMS-string-based voucher.

On Camera

YourTurn

Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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