NPCI Launches UPI Chalega 3.0 Campaign to Drive UPI Adoption and Safety Awareness The National Payments Corporation of India (NPCI) has initiated a significant step towards promoting digital payments and enhancing security awareness through its latest campaign, UPI Chalega 3.0. This campaign aims to further popularize the Unified Payments Interface (UPI) and educate users about…
Strengthening the Apprenticeship Ecosystem – Dharmendra Pradhan Launches DBT in NAPS In a significant move towards enhancing the apprenticeship ecosystem, the Minister of Skill Development and Entrepreneurship, Dharmendra Pradhan, has launched the Direct Benefit Transfer (DBT) scheme in the National Apprenticeship Promotion Scheme (NAPS). This strategic step aims to revolutionize the apprenticeship landscape in India,…
India Tops Digital Payments Rankings Globally, Shows MyGovIndia Data India has achieved a significant milestone in the digital payments sector, as recent data from MyGovIndia reveals that the country has emerged as the global leader in digital payments. This remarkable feat highlights the rapid adoption and success of digital payment platforms in India, revolutionizing the…
Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs) In recent years, the increasing reliance on digital payment systems has brought forth new challenges in terms of cybersecurity and data protection. To address these concerns, the Reserve Bank of India (RBI) has introduced draft master directions on cyber resilience and digital payment…
Axis Bank business management solution : Axis Bank Launches Business Management Solution for Merchants Axis Bank, one of India’s leading private sector banks, has recently launched a new digital solution for merchants that aims to simplify their business management tasks. The solution, called “Merchant Suite,” offers a range of features that enable merchants to manage…
Axis Bank Launches MicroPay Based on PIN on Mobile Technology for Digital Payments Axis Bank, one of India’s leading private sector banks, has launched a new digital payment service called MicroPay. The new payment service is based on PIN on Mobile technology, which allows customers to make secure payments without the need for a physical…
India’s Digital Payments Market Will More Than Triple to $10 Trillion by 2026 Digital payment systems have been rapidly gaining traction in India in recent years, thanks to the government’s push towards a cashless economy and increased adoption of smartphones and internet services. According to a report by RedSeer Consulting, India’s digital payments market is…
RBI digital payment mission : RBI Launches Mission to Make Every Citizen a User of Digital Payment The Reserve Bank of India (RBI) has launched a mission to make every citizen a user of digital payment. The mission aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode…
Alibaba exits Paytm : Alibaba Exits India’s Paytm, Selling Shares for $167 Million Alibaba, the Chinese multinational conglomerate, has sold its shares in India’s leading digital payments company, Paytm, for $167 million. This marks Alibaba’s complete exit from Paytm after having invested over $2 billion in the company since 2015. Why This News Is Important…
RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March The Reserve Bank of India (RBI) has released its latest data on digital payments in the country, revealing a significant increase in digital payments. According to the RBI’s Digital Payments Index (DPI), the index has increased from 349.30 in March 2021 to…
