Digital payment

Reliance Aims To Launch Its Own Version Of UPI-Like Payments Network With Google And Facebook!

The mammoth tech-petroleum conglomerate Reliance aims to create its own version of UPI! According to the latest news, the Mukesh Ambani led RIL has partnered up with internet giants Google and Facebook to set up a "New Umbrella Entity" aka...

Has The “Cashless” India Reverted Back To Its Cash-Payment Preference, Yet Again?

Old habits die hard. An adage, it stands true for Indians and their long-standing preference for cash. As per recent reports, Indians have, most likely, retrogressed to their old habit of cash payment. An analysis of credit and debit card usage...

Why Are Google, Facebook And Whatsapp Bullish About Digital Payment Services?

India is going digital. From productivity to entertainment, Indians are increasingly reliant on technology to fulfil their myriad needs. However, while numerous facets of the Indian industry have adopted digital platforms readily, financial transactions remained anachronistically antiquated for a long...

10 Lakh People Win Rs.153 Cr For Making Digital Payments In India

The Indian Government-backed Niti Aayog has rewarded about 10 lakh people in India with over Rs. 153.5 crore for using digital transactions. The government initiative to popularise digital transactions across India, active for nearly two months now, has reportedly been...

Digital Payment Volume in India Slipped Faster Than Expected: 10% In Just One Month

It has been roughly three months since the Narendra Modi-led demonetization move rocked the nation; and whether we like it or not, the changes over the past three months in payment and monetary transaction systems, have redefined how we...

Mobile Payment: Digital Payment To Reach $320 Billion By 2014 [Infographic]

Previously, I have mentioned that users have lack of trust on the mobile payment due to the security vulnerability. Despite these, users are more relying on mobile devices for digital payments worldwide. The reason is quite obvious that it is...

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A Big Blow To Amazon and Flipkart: CCI Investigation To Continue

Flipkart and Amazon continue to find themselves in hot water as their plea against the investigation that is being...