Introduction The Indian government has introduced BaankNet and e-Bkray, two new digital platforms aimed at improving the efficiency and transparency of Public Sector Undertaking (PSU) banks’ e-auctions for asset sales. This move is part of a broader initiative to strengthen the financial sector and enhance digital banking infrastructure. What is BaankNet? BaankNet is a secured,…
Flipkart’s Super Money has achieved a significant milestone by ranking among the top five UPI (Unified Payments Interface) apps in February 2025. This accomplishment highlights the growing influence of Flipkart in the digital payment ecosystem, traditionally dominated by players like Google Pay, PhonePe, Paytm, and Amazon Pay. What is Flipkart’s Super Money? Super Money is…
India’s digital payment landscape has witnessed unprecedented growth, with transactions exceeding 18,000 crore in the fiscal year 2024-25. This surge underscores the nation’s shift towards a cashless economy and highlights the effectiveness of platforms like the Unified Payments Interface (UPI) and Immediate Payment Service (IMPS). Unified Payments Interface (UPI): The Catalyst of Digital Transactions Introduced…
Digital Payment Trends in February 2025: UPI, IMPS, FASTag, and AePS Performance Introduction India’s digital payment ecosystem has witnessed remarkable growth in recent years, with platforms like Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and Aadhaar Enabled Payment System (AePS) playing pivotal roles. In February 2025, these platforms continued to demonstrate significant performance…
