Cashless Payments are Making Us Spend More
Cashless payments are changing our spending behavior, study reveals - Live Mint
It seems that tapping a phone or card on a terminal leads to us being less strict with our budget, compared to picking notes or coins out.
Digital currency transactions slump after reaching initial RBI's target - Business Standard
Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December. Read more
UPI transactions see marginal dip in June, clocks 13.89 billion in volume - ET BFSI
UPI saw a marginal dip of 1% in volume and 2% in value in the month of June 2024 compared to May. Read more
CBDC can complement UPI well - The Hindu Business Line
While UPI needs operational bank accounts, CBDC can ride on a wallet powered by a mobile number. Read more
Credit card bill payments: Why banks are not hopping onto BBPS - Financial Express
Some of the banks with the highest number of credit card users are yet to adopt the new system. Read more
India to create a cross-border retail payment platform with 4 ASEAN countries - NDTV
Nexus aims to connect UPI?with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand.
Credit card issuance soars despite worries over unsecured loans - ET BFSI
Credit card base in India grew 18% y-o-y to reach 103 million, with HDFC Bank adding the most new cards. Read more
What is e-Rupee and the role of CBDC in India's digital economy - FSS Knowledge Hub
When it comes to retail CBDC, India will use it extensively, just like they use digital payment methods now. Read more