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Follow us on FROM TOI PRINT EDITION Today’s informational politics: People are becoming more transparent to the state instead of the state to the people May 24, 2021, 8:36 PM IST The writer is a member of Mazdoor Kisan Shakti Sangathan (MKSS) A couple of weeks back I received a message with information about a Covid helpdesk being run by some young women in a college, but soon I was alerted not to forward it since the women had been inundated with cal...

Government may form a new panel for crypto-regulations: Report 6 hours ago The government could set up a new panel to recommend the ideal course of action for regulating crypto-currencies, the Economic Times reported. This development comes at a time when banks and payment companies are blocking their services to crypto-exchanges, as a result of which the exchanges are unable to accept fresh deposits and on-board new investors. Back in 2019, a Finance Ministry committee headed by the former fin...

4 hours ago The Payments Council of India (PCI), an industry body for digital payment operators in the country, is in the final stages of submitting its independent application to become a self-regulatory organisation (SRO) for digital payments, under the Reserve Bank of India’s mandate, said two sources aware of the development. The PCI, which operates under the Internet and Mobile Association of India (IAMAI), will float a new not-for-profit entity which would serve as the SRO entity, and ...

What The Future Holds In The Indian Digital Payments Space by Ritu Bhandari - May 12, 2021 12:42 PM Making digital payments Snapshot With e-payments becoming popular as time progresses, here are a list of futuristic reforms that are likely to happen in India, making the less-cash and easy transfer concept more ubiquitous. Cash is king, but Digital is divine. India has built an expansive, secure, efficient and scalable public digital infrastructure, ‘India Stack’ which is paving the w...

AA framework offers UPI-style revolution in MSME financing SECTIONS Share ETtech Illustration: Rahul Awasthi Private sector lenders IndusInd Bank, HDFC Bank, ICICI Bank and Axis Bank are likely to go live with the account aggregator (AA) framework by July, the chief executive of a collective of such aggregators told ET. The AA framework is intended to improve lending to micro, small and medium enterprises (MSME), based on their business transactions. Liking this story? SUBSCRIBE Well soon meet ...

3 days ago For a government that has embraced fintechs and blockchain wholeheartedly in the past few years, its stance on crypto-currencies is perplexing. Is it a lack of understanding, or a lack of institutional capacity, that is preventing the government from stepping up and regulating crypto-currencies? In January, the government announced that it plans to enter the global race of digital currencies or CBDCs while at the same time banning “private” crypto-currencies like Bitcoin and Ethe...

Is India ready for digital rupee? SECTIONS Last Updated: Apr 25, 2021, 03:04 PM IST Share Synopsis While both Central Bank Digital Currencies or CBDC and cryptocurrencies work on the DLT technology, the goals are different. CBDC could be linked to e-wallets and the UPI payment infrastructure and also possibly bank accounts, offering the end-user the best of both -- security (sovereign issuance) and convenience offered by new age fintechs. Shutterstock.com Related NSE By Suvir Davda Digital asse...

The country’s ‘STEM talent by far is globally the most competitive’ The Indian IT Services industry occupies a dominant position in the global technology services landscape, providing cost effective and scalable solutions for enterprises across the world, writes Ramesh Mantri, adviser to the Ashoka India Equity Investment Trust. Over the last 30 years, Indian IT companies have matured from being mere outsourcing vendors to ‘strategic partners’ driving large scale transformation projec...

Amazon said it has registered five million merchants through Amazon Pay. It remains focused on helping more SMBs in India to embrace digital payments.

Registered 5 million merchants via Amazon Pay, focussed on helping SMBs embrace e-payments: Amazon Top Searches Registered 5 million merchants via Amazon Pay, focussed on helping SMBs embrace e-payments: Amazon PTI / Apr 17, 2021, 16:39 IST FacebookTwitterLinkedinEMail NEW DELHI: Amazon on Saturday said it has registered 5 million merchants through Amazon Pay - its payments unit - and that it remains focussed on helping more small and medium businesses (SMBs) in the country to embrace digital ...