According to the Union home minister, one person falls prey to cybercriminals every three and a half seconds and 97-100 people every hour in the country.
The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
All payment methods available in MobiKwik: credit cards, debit cards, UPI, Net banking, MobiKwik ZIP - Pay Later give you a perfect replacement for cash.
While RBI move to allow export/import to be invoiced in Indian rupee will solve some problems, there is no guarantee it will circumvent payment issues with Iran or Russia.
Between April 2020 and September 2021, PhonePe's monthly transaction value rose to Rs 3 lakh crore from Rs 0.6 lakh crore while Google Pay experienced month-on-month growth of 7%.
Since the bulk of citizens did not regard drinking as a crime, they had no respect for the prohibition laws and did not cooperate with the police, wrote MV Venkata Rao in 1962.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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