Digital payments

The novel coronavirus (COVID-19) outbreak has traversed around the globe and has infected over 1.7 million people. What started as a supposed epidemic quickly emerged into a pandemic, leading to a public health and economic crisis of epic proportions....

Around 74 percent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute. The change comes in view of the coronavirus pandemic....

Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to...

The nationwide lockdown has benefited digital payment platforms as 42 percent Indians have increased the use of digital means for payments in the last three weeks, a report said. As per a PTI report, buying essentials and mobile recharges...

The Central Government on Saturday launched a major training programme for more than 13,000 small and medium businesses on adopting digital payment modes. "The objective of ushering in transparency in the system along with reducing corruption can only be achieved...

India has essentially been a cash-based economy, amassing a value of physical currency estimated to be over 11 per cent of GDP, topping the graph among emerging economies. However, there is still a proportion of India’s population who cannot avail...

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Total payments conducted via digital payment instruments will be in the range of US $500 billion by 2020, which is roughly 10x of current levels, says the report…

Over the past few years, the payment landscape in India has mirrored developments occurring in the global payments arena, albeit with a time lag. Although the digitisation of payments in India is a recent phenomenon, the trend has displayed...