Page 19 - Payments Interface News Today

Take it easy, policy SUBSCRIBE Well soon meet in your inbox. / Daily Top 5 Good evening, "New privacy policy". Those three words from WhatsApp (ok, and an Elon Musk tweet) were enough to drive millions of users to its rival Signal in January. So when we say our main story today is about a new privacy policy from Google Pay, just for India, you might brace for bad news. But relax, because this is one privacy policy update we can all get behind. Also in todays letter: �� �� Roblox Corp...

March 8, 2021 Some of India’s leading startups, fintechs, large banks and corporates, alongside a few  global financial giants and tech companies, have come together, all to grab a piece of India’s burgeoning payments market. Soon, the Reserve Bank of India (RBI) may grant some of them their wish to build and scale new ways for Indian consumers to transact. While cash remains the dominant form of making transactions in the country, over the last few years the number of consumers and mercha...

Amazon is joining hands with ICICI Bank and Axis Bank and several others to create a national payments network that will rival the NPCI's UPI platform

The Finance Ministry has raised concerns over the SBI, HDFC Bank and BoB combine which reportedly plans to jointly apply for a New Umbrella Entity (NUE) license

State Bank of India's (SBI) YONO super app has helped the bank grow its retail lending and deposit business significantly during the pandemic.

UPI crosses 2.3B transactions, says NITI Aayog CEO Amitabh Kant UPIs transaction value jumped 76.5 percent while transaction value jumped nearly 100 percent, said NITI Aayog CEO Amitabh Kant. 0 claps The Unified Payment Interface (UPI) has surpassed 2.3 billion transactions amounting to Rs 4.2 trillion for the month of January 2021. NITI Aayog CEO Amitabh Kant said in a tweet: "Phenomenal! UPI recorded 2.3 billion transactions worth Rs 4.3 trillion in Jan 2021. On a YOY basis, UPIs transaction...

Supreme Court Weekly Roundup [Jan 25 – Jan 31] Share This - x Top Stories: 1. We Are Concerned About Broadcasts Which Incite Violence : Supreme Court Seeks Clarity From Centre On Powers Under Cable TV Act A Bench led by CJI SA Bobde asked the Central Government about its powers under Cable TV Networks(Regulation) Act 1994 to control broadcast of content (by electronic media), that has a tendency to incite violence. "We arent concerned so... Your free access to Live Law has ex...

How India can live up to its full potential By eliminating frictions, the world’s largest democracy can generate higher and more inclusive growth. Illustration by Paul Wearing In a remote tribal village in Dumarthar in the state of Jharkhand, Sapan Patralekh, the headmaster of a middle school, has come up with an innovative teaching method in a region plagued by poor connectivity. He has converted the walls of adjacent houses into blackboards, allowing 300 students to continue learning while ...

January 13, 2021 While digital payment adoption began to grow significantly post demonetisation, the COVID-19 pandemic accelerated this shift over the last year, according to PwC India’s Indian Payments Handbook. The total value of digital payments is expected to grow to ₹238 lakh crore by 2024-25 from ₹92 lakh crore in 2019-20, while the total volume of transactions is expected to grow to 167 billion from 42 billion during the same period, the report says. “Growth in digital payments i...

SAN JOSE, Calif. – Xoom, PayPal’s international digital money transfer service, Dec. 21 announced its integration with NPIL’s/NPCI’s Unified Payments Interface (UPI), a real-time payment system facilitating inter-bank transactions in India. Non-Residential Indians (NRIs) and Persons of Indian Origin (PIOs) living in the United States, Canada and Europe can now remit money to their family and friends in India. Using UPI to send money to India via Xoom is easier as overseas se...