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India's digital payment surge: UPI transactions soar in FY 2023-24 - Vimarsana News

India's digital payment surge: UPI transactions soar in FY 2023-24

In the realm of digital payments, India has witnessed a monumental shift, spearheaded by the Unified Payments Interface (UPI). As of December 2023, UPI recorded a staggering 857 million transactions in the current financial year, a testament to its dominant role in India’s digital payment landscape, commanding an impressive 62 per cent market share in FY 2022-23. This surge in UPI transactions is a clear indicator of the country’s move...

Moga District Commission Holds TATA AIG Insurance Co. Liable For Deficiency In Service, Orders Disbursement of Insurance Amount And Compensation - Vimarsana News

Moga District Commission Holds TATA AIG Insurance Co. Liable For Deficiency In Service, Orders Disbursement of Insurance Amount And Compensation

The District Consumer Disputes Redressal Commission, Moga (Punjab) bench comprising Smt. Priti Malhotra (President) and Shri Mohinder Singh Brar (Member) held TATA AIG General Insurance liable for...

Source: livelaw.in
Year ender 2023: UPI transactions rose 147% in 5 years. A look at new features announced this year - Vimarsana News

Year ender 2023: UPI transactions rose 147% in 5 years. A look at new features announced this year

The value of UPI transactions has seen a considerable rise, from Rs 1 lakh crore in FY 2017-18 to Rs 139 lakh crore in FY 2022-23, marking a CAGR of 168%.

NPCI to sign pact with Al Etihad Payments of UAE on October 5 - Vimarsana News

NPCI to sign pact with Al Etihad Payments of UAE on October 5

NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, will sign an agreement with Al Etihad Payments in Abu Dhabi to enable cross-border transactions. The memorandum of understanding (MoU) will focus on developing a domestic card scheme in the UAE based on India's RuPay debit and credit card stack. This agreement will be signed during a visit by Commerce and Industry Minister Piyush Goyal, who will also participate in the India-UAE High-Level Task Force on Investments meeting.

Jan Dhan crosses 50 cr mark, Modi hails 'Nari Shakti' as 56% a/c holders women - Vimarsana News

Jan Dhan crosses 50 cr mark, Modi hails 'Nari Shakti' as 56% a/c holders women

Prime Minister Narendra Modi on Saturday hailed the achievement of 50 crore “Jan Dhan” accounts as a significant milestone, highlighting that 56 per cent of these accounts are held by women, showcasing the power of ‘Nari Shakti’ (women empowerment). The Union Finance Ministry announced