Digital payments in India record 44% CAGR in FY24: Finance Ministry
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
The RBI-DPI comprises 5 broad parameters that enable the measurement of penetration of digital payments in the country over different time periods.
The rights of maintenance and processing of digital payment solutions via the National Common Mobility Card (NCMC) have now been accorded to the Airtel Payments Bank.
Digital payment startups Razorpay and Cashfree on Tuesday announced that they received final authorisation from the Reserve Bank of India (RBI) to operate as payments aggregators (PA).
The central bank has sought comments on the draft guidelines till June 30. These can be sent through email or post to the Chief General Manager, Department of Payment and Settlement Systems, Central Office, RBI in Mumbai.
The partnership will allow customers to use all of PhonePe's payment instruments, including the PhonePe wallet.
The service charges were withdrawn in late 2016 after demonetisation to promote digital payments.
Union Finance Minister Arun Jaitley on Monday launched Google’s Unified Payments Interface (UPI)-based digital payment service called “Tez” and said that it will…
PayPal, one of the world's largest Internet payment companies, said on Thursday it would acquire Swift Financial, an online lender…
India has emerged strong, exhibiting a high potential in terms of digital payments and has been categorised under the “break…
