Digital payments growth dips 27% in Aug from peak; BHIM, UPI to take charge

Online transaction growth in value and volume terms are fluctuating in the range of a meagre 1-5 percent on a monthly basis since April Digital transactions have been witnessing a slower pace of growth each month post demonetisation with August transactions showing 26.5 percent dip in value terms from its peak in March. The number of transactions declined 8 percent […]

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Surakhpur is Delhi’s first fully digital village.

The Delhi government on Tuesday declared Surakhpur village in south-west Delhi as the capital’s first “fully digital payment enabled village”. An official statement said Sub-Divisional Magistrate Anjali Sehrawat had made the formal announcement. To achieve the feat, the government took a series of steps including sensitising people about the benefits of moving towards less-cash society, training in cashless means of […]

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Airtel Payments Bank Now Offers 1 Minute Talktime for Every Rupee Deposited in Bank!

RBI’s decision to grant Payment Bank licences to various business conglomerates and non-banking institutions may prove to be the one of the most pathbreaking decisions ever. A decade earlier, which financial expert could have imagined a future of banking, wherein the money in the account would determine your talktime! Airtel, which recently beat Paytm to launch India’s first payment bank […]

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