Page 32 - Digital Payments

Digital payments push: Single UPI platform in offing for banks

A single UPI platform is being developed for all banks as against the existing system of individual platform

India's fintech sector sees five quarter low in VC investments

While investments in the space fell to $127 million in the 3rd quarter, down from $157 million in the previous quarter

Expect your household budget to shoot up: Going cashless comes at a cost

When you start using digital payment options, your household budget is likely to shoot up

Cash-short payment options grow

Online marketplaces and mobile wallets finding more ways to cash on currency ban windfall

Digital payments push can boost India's GDP by 6%: McKinsey

Emerging economies have a negligible penetration of digital payments - less than 1 per cent of total transactions

Payments landscape will see faster changes over next ten years: PwC

Key factors include technology, customer expectations, global demographics, e-commerce and the growing impact of regulation

Your mobile phone to double up as debit card

As UPI gets popular, cash transactions will come down as most small payments will be routed through this