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There is a 25% rise in demand for micro-ATMs, and mPOS instruments, and the EMI collections for financial institutions and NBFCs have steep growth of over 200%

Massive rise of 650% in UPI transactions at semi-urban, rural stores

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Digital payments pick up in the country The unified payments interface (UPI) transactions witnessed a meteoric 650 percent rise at the semi-urban and rural stores...
The country crossed 6 billion transactions for the first time last month, logging 6.28 billion transactions worth Rs.10.62 lakh crore

UPI registers record transactions of 657 cr in August worth Rs.10.72 lakh cr

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The growth in UPI volumes is up almost 100% YoY The National Payments Corporation of India (NPCI) data revealed that the Unified Payments Interface (UPI)...
Tata Digital is in talks with the ICICI Bank to power its UPI-based digital payments platform in India

Tata Group to compete with Google Pay, PhonePe, and Paytm with its own UPI...

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Tatas to join the UPI payment club with its own app The company with its presence from Salt-to-Steel is set to keep its foot in...
Move comes after the NPCI approved increasing the user cap for WhatsApp's payment service from the current 20 million to 40 million users

WhatsApp Pay looks forward to accelerate growth in India over next 6 months

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WhatsApp Pay plans significant investments in next 6 months WhatsApp India on Tuesday said that over the next six months, it will make notable investments...
According to latest data released by NPCI, India saw a whopping over $100 billion digital transactions via UPI in October for the first time

Ahead of India’s biggest festive season the UPI makes a remarkable transaction value of...

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Value of UPI transactions crosses $100 bn for 1st time in October The Unified Payments Interface (UPI) saw a surge in a month crossing the...
Modi’s tryst with India is taking it places and the poorest of poor are joining the bandwagon in their millions.

Will Financial Inclusion make India a US$5 trillion economy?

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The purpose of this piece is not to speculate if India will reach the US$ 5 trillion mark by 2024-25, but to rather assess...
Ventures in infancy need prime minister's support: Nandan Nilekani

Ventures in infancy need prime minister’s support: Nandan Nilekani

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New Delhi, Nov 20 Prime Minister Narendra Modi must support new ventures just like a large corporation needs its chief executive to give directions and...
The eCourts mission mode project is the prime mover for improving access to justice using technology

Rs.7,210 cr outlay approved by Cabinet for 3rd phase of eCourts scheme for 4...

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eCourts mission mode project is a pan-India project monitored and funded by Department of Justice of the Union Law Ministry On Wednesday, the Union Cabinet...
The new rules will come into effect from May 1, 2022

SEBI revises UPI payment limit for individual investors in IPOs

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SEBI raises investment limit via UPI to Rs.5 lakh for individual investors The Securities and Exchange Board of India (SEBI) has revised upwards the size...
Popularize existing DIgital Payment options to alleviate currency note crisiss

Secure, Open Digital Payment Systems To Tackle Cash Shortage

We had, through a previous article, suggested actively promoting e-Wallets as tools to tackle cash shortage post-demonetisation. Subsequently, the Government has announced that open...

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