NPCI planning to ask banks to not charge for payments made via UPI

UPI-Logo

National Payments Corporation of India (NPCI) is planning to talk to banks about not levying charge for payments made via UPI. The latest news comes soon after HDFC Bank announced that it will start charging customers for UPI payments from July 10.

Continue reading “NPCI planning to ask banks to not charge for payments made via UPI”

Over 50% of people in India will use digital payments by 2020: BCG Report

BCG-Google Digital Payments 2020

Digital payments industry in India is expected to reach $500 billion by 2020, with over 50 percent of internet users in the country will be using it, according to a latest report by global telecom body GSM Association and Boston Consulting Group.

Continue reading “Over 50% of people in India will use digital payments by 2020: BCG Report”

BHIM app for UPI-based payments hits 1.1 crore downloads in 20 days : Ravi Shankar Prasad

bhim-upi-app

Information Technology Minister, Ravi Shankar Prasad has revealed that recently launched BHIM app for UPI-based payments has crossed 1.1 crore downloads. The app has reached this milestone within 20 days of its launch earlier this month. Continue reading “BHIM app for UPI-based payments hits 1.1 crore downloads in 20 days : Ravi Shankar Prasad”

PM Narendra Modi turns to Nandan Nilekani to boost digital payments in India

nandan-nilekani

In a bid to bolster the digital payments scene in India even further, PM Narendra Modi has roped in former UIDAI chairman Nandan Nilekani. According to a latest report from Bloomberg Nilekani has joined a panel to pave the way for digital payments in the country.

Continue reading “PM Narendra Modi turns to Nandan Nilekani to boost digital payments in India”

Flipkart plans to invest Rs. 670 crores to launch standalone digital payments biz

Flipkart new logo

Flipkart is looking forward to invest Rs. 670 crore in order to start an independent digital payments business, according to a latest report from the Economic Times. The homegrown e-commerce giant will invest the sum over a period of three years.

Continue reading “Flipkart plans to invest Rs. 670 crores to launch standalone digital payments biz”