Center Slashes Digital Payments Incentives in Budget 2024
Fintech industry wants digital public infra investments, UPI fees and more - LiveMint
FSS CEO, V Balasubramanian, says that the government should look at charging digital payments, which will allow banks to build robust payments infrastructure. Read more
Center slashes digital payments incentives by over 42% for FY25 in Union Budget - ET BFSI
The reduction in digital payments incentives raises concerns about the future growth and sustainability of digital payment methods.
NPCI launches UPI One World: What is it and who can use - ET BFSI
UPI One World is a wallet services for international travellers in India, offering a cashless payment solution linked to UPI. Read more
Retail digital payments to touch $7 trillion mark by 2030 - ET BFSI
According to a report, UPI has been a key driver for India's digital payments growth while credit maintained its prominence. Read more
NPCI to roll out credit line option on UPI - ET BFSI
The new credit feature will allow customers to make purchases without immediately seeing any funds outgo from their account. Read more
How value added services are transforming B2B payments - PYMNTS
B2B payments are famously never just payments, but a sophisticated combination of workflows and data. Read more
Different faces of bank frauds - Business Standard
Digital house arrest is a tactic cybercriminals use to confine victims to their homes and scam them. Read more
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The advantages CBDC presents for the Indian economy - FSS Knowledge Hub
The e-Rupee has the potential to improve the quality of life o millions of Indians and drive economic growth. Read more
NPCI International collaborates with Qatar National Bank?- The Paypers
Under this collaboration, tourists from India can scan QR codes to make UPI payments across multiple retail touchpoints. Read more
Payment companies seek assured shared of SOPs to keep low-value UPI free - The Economic Times
Payment aggregators are pushing for a share of government subsidies allocated for UPI transactions to cover low-value transaction costs.
RBI forms panel to review fee structure for white-label ATMs - The Economic Times
The RBI has set up a review committee to revise the free structure for white-label ATMs to propose a fair and sustainable model. Read more
RBI's digital payments index jumps to 445.50 in March 2024 - ET BFSI
The Digital Payments Index comprises five broad parameters which measure the penetration of digital payments in the country.
Take indirect revenue funds under digital mode interest earned on that, as well as minimum balance charges, bankers are making big money and laying high dividends, they can cover all the costs, make a human effort cost and tech cost