Business Standard

digital transactions

ONDC likely to start levying small user charges on each transaction

The charges may have to be paid by either the seller, or the buyer, or both

ONDC likely to start levying small user charges on each transaction
Updated On : 24 Jun 2024 | 11:39 PM IST

Weizmann to move court against Western Union on trademark, logo issue

The company has used the brand for promoting, marketing, advertising its products and services under the trademark and has earned goodwill, especially in the financial sector

Weizmann to move court against Western Union on trademark, logo issue
Updated On : 12 May 2024 | 10:47 PM IST

Paytm Payments Bank transfers bill payment operations to Euronet Services

Euronet processed around 19 million consumer bill payments in March, marking a significant increase from 4.6 million in January, driven by the agreement with Paytm

Paytm Payments Bank transfers bill payment operations to Euronet Services
Updated On : 09 May 2024 | 11:58 AM IST

Indian Bank aims to make over Rs 1 trillion digital transactions: MD & CEO

Public sector Indian Bank has set a target to cross Rs 1 lakh crore business transactions through digital channels, a top official said on Tuesday. The city-headquartered bank had made Rs 81,000 crore transactions through digital medium last financial year, Managing Director and CEO Shanti Lal Jain said here. "As far as digital transactions are concerned, it grew by 4 per cent to 89 per cent overall in FY23-24. Last financial year (FY23) the digital transactions made was 85 per cent." he told reporters. Indian Bank on Monday reported a 55 per cent jump in its net profit to Rs 2,247 crore for the January-March 2024 quarter as compared to a net profit of Rs 1,447 crore made last year. Responding to a query, Jain said, "we will try to cross Rs 1 lakh crore. We have reached Rs 81,000 crore and we will try to cross at least Rs 1 lakh crore (of business through digital transactions). Our internal targets are very high." On whether the customers visiting branches would reduce with increa

Indian Bank aims to make over Rs 1 trillion digital transactions: MD & CEO
Updated On : 07 May 2024 | 11:14 PM IST

Sebi probing Linde India for related party transaction violation

Sebi will be considering punitive measures once the ongoing investigation reaches its conclusion. The regulator has issued summons to key personnel and independent directors of the firm

Sebi probing Linde India for related party transaction violation
Updated On : 29 Apr 2024 | 10:54 PM IST

India's UPI transactions way more than US digital payments, says Jaishankar

External Affairs Minister (EAM) S Jaishankar said that India does transactions worth Rs 120 crore in a month

India's UPI transactions way more than US digital payments, says Jaishankar
Updated On : 11 Apr 2024 | 3:57 PM IST

Prosus-backed PayU's India playbook: Focus driven by fintech opportunity

PayU CEO Anirban Mukherjee said the company was adopting an 'India-centric' approach, which was driven by the inherent advantages the country offered compared to other markets

Prosus-backed PayU's India playbook: Focus driven by fintech opportunity
Updated On : 11 Feb 2024 | 9:19 PM IST

Google Pay signs agreement to expand UPI for international payments

This will enable Indian travellers to transact digitally outside the country while also establishing systems similar to the Unified Payments Interface (UPI) in other countries

Google Pay signs agreement to expand UPI for international payments
Updated On : 17 Jan 2024 | 11:52 PM IST

Transferred money to the wrong UPI ID? Here's how can retrieve it

Developed by the National Payment Corporation of India (NPCI), UPI enables fund transfers without requiring an IFSC code or account number

Transferred money to the wrong UPI ID? Here's how can retrieve it
Updated On : 07 Nov 2023 | 10:05 AM IST

'Every adult should be able to avail of credit through DPI by 2030'

Aadhaar has enabled every Indian to have a digital identity, DPI would enable every Indian to get on board with digital transactions, said Rajesh Bansal, CEO of RBI

'Every adult should be able to avail of credit through DPI by 2030'
Updated On : 06 Nov 2023 | 11:20 PM IST

US move to withdraw some digital trade proposals at WTO to benefit India

The development comes ahead of the WTO's 13th ministerial conference and will see in-depth discussions on global e-commerce rules that include these topics

US move to withdraw some digital trade proposals at WTO to benefit India
Updated On : 27 Oct 2023 | 2:27 PM IST

IndusInd Bank launches 'virtual commercial card' for cross-border payments

In partnership with Visa and Juspay, the virtual card has additional layers of security that give users complete control over their international expenses, thus making it safe and hassle-free

IndusInd Bank launches 'virtual commercial card' for cross-border payments
Updated On : 14 Sep 2023 | 5:36 PM IST

Debit card usage slow for three years and UPI transactions up 428%

In August, UPI transactions hit 10 billion for the first time in a month. Monthly UPI payments are clocking more than Rs 15 trillion

Debit card usage slow for three years and UPI transactions up 428%
Updated On : 10 Sep 2023 | 11:31 PM IST

IoT start-up Proxgy launches real-time payment audio notifications device

The company plans to deploy its devices in the B2B (business to business) or B2B2C (business to business to consumer) space

IoT start-up Proxgy launches real-time payment audio notifications device
Updated On : 24 Jul 2023 | 11:47 PM IST

Google Pay rolls out UPI LITE feature for faster, low-value transactions

Users can download the Google Pay app from the Play Store or App Store

Google Pay rolls out UPI LITE feature for faster, low-value transactions
Updated On : 13 Jul 2023 | 11:51 PM IST

PNB announces UPI payments with IVR-based technology 'UPI 123PAY'

State-owned Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering aligns with the Digital Payment Vision 2025, propelling the nation towards a cashless and cardless society, PNB said in a statement. The Unified Payments Interface (UPI) has revolutionised the way transactions are conducted in India, providing customers with a seamless, secure, and real-time payment experience, it said. However, until now, UPI services were primarily accessible through smartphones or Unstructured Supplementary Service Data (USSD), reliant on robust internet connectivity, it said. This limitation hindered access to UPI for users without smartphones or residing in low internet connectivity zones, it added.

PNB announces UPI payments with IVR-based technology 'UPI 123PAY'
Updated On : 04 Jul 2023 | 10:12 PM IST

Indian Bank rolls out digital services under 'Project WAVE' initiative

Public sector lender Indian Bank has unveiled new services under its digital transformation initiative -- Project WAVE -- the bank said on Sunday. Accordingly, the city-headquartered bank in collaboration with National E-Governance Services Ltd, has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes. This move will also reduce the turn-around time of the bank guarantee issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes, a bank statement said. Besides, the facility would replace the need for physical stamp paper and physical signatures of customers by replacing them with digital stamping and e-signing making the entire process digital. Indian Bank has launched a facility to avail pre-approved business loans, an end-to-end digital journey, for eligible individuals and proprietor firms to cater to their respective businesses. "The newly launched digital vehicle loan product enables ...

Indian Bank rolls out digital services under 'Project WAVE' initiative
Updated On : 02 Jul 2023 | 4:23 PM IST

India tops world ranking in digital payments with 89.5 mn transactions

Second, on the list is Brazil which amounted to 29.2 million transactions followed by China with 17.6 million transactions

India tops world ranking in digital payments with 89.5 mn transactions
Updated On : 10 Jun 2023 | 12:35 PM IST

e-Rupi to wearables: How 50% of all transactions will be digital in 3 years

As of January 2022, there were 65 crore RuPay debit cards in circulation, accounting for 65% of the total debit cards issued

e-Rupi to wearables: How 50% of all transactions will be digital in 3 years
Updated On : 06 Jun 2023 | 2:17 PM IST

Digital transactions in India highest in world but why is cash still king?

The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions

Digital transactions in India highest in world but why is cash still king?
Updated On : 02 Jun 2023 | 10:18 AM IST