Digital Payment Archives

President Muizzu has decided to establish a consortium involving banks, telecom companies, state-owned enterprises, and fintech firms operating within the nation,” the statement noted

Maldives set to introduce India’s UPI: A major step towards economic...

PGurus Newsdesk - October 21, 2024 1

President Muizzu introduces the UPI payment service to boost the Maldivian economy In a significant move aimed at bolstering the Maldivian economy, President Mohamed Muizzu...

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%

Banking

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

PGurus Newsdesk - December 6, 2022 1

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...

FM Nirmala Sitharaman said that India is setting the global benchmarks on the digital front and that it will be able to face geopolitical and economic uncertainties

Economy

Technology transformation main reason behind good governance in India: Nirmala Sitharaman

PGurus Newsdesk - October 14, 2022 0

FM Sitharaman speaks on economy revival to India's Digital payment interfaces at John Hopkins in Washington Finance Minister Nirmala Sitharaman on Thursday underlined the significance...

Govt clarification comes after media reports claimed that the central bank was considering adding fees to each financial transaction made through the UPI system

Finance

Centre not considering levying charges for UPI services, clarifies Finance Ministry

PGurus Newsdesk - August 22, 2022 0

UPI services to remain free: No consideration to levy any charges, says Govt Amid confusion over UPI transaction charges, the Union Finance Ministry has clarified...

Popularize existing DIgital Payment options to alleviate currency note crisiss

Banking

Secure, Open Digital Payment Systems To Tackle Cash Shortage

Vidhya Ganesan and Ganesan Subramanian - December 5, 2016 3

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...