All News and Announcements
Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?
The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.
India: Digital Payments Bounce Back to Pre-COVID Levels
Digital payment transactions through the Unified Payment Interface (UPI), cards and mobile wallets have made a near V-shaped recovery this month.
RBI Asks Payment Systems Operators to Educate Public on Safe Digital Transactions
The Reserve Bank of India (RBI) on Monday directed payment systems operators to undertake targeted multi-lingual campaigns by way of SMSs and advertisements to educate their users on safe and secure use of digital payments amid incidence of frauds continuing to bedevil people.
India: Crisis to Boost Mobile Payments, Says Report
Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.
India’s Digital Financial Services Opportunity in a Post-COVID World
COVID-19 could be the “demonetization moment” for digital services delivery in India.
India: May Digital Payments See an Uptick, Indicating Revival in Economic Activity
Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.
India: More Kirana Shops Accept Digital Payments as Customers Prefer Contactless Shopping
Payment companies have reported a surge in digital transactions for buying essential goods since the lockdown began, and more and more fintechs are now working with mom-and-pop stores to enable them to transact digitally.
India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May
A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.
India: Digital Lenders Struggle to Cope With Slowdown Induced by Virus
Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.