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Bengaluru-based Smahi Foundation of Policy and Research released a report, highlighting key issues of digital payments in India.

by Swarajya Staff - Jun 3, 2021 07:39 AM
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Snapshot
While digital payments are largely a success story in India, there are some issues which demand immediate attention.
The Bengaluru-based Smahi Foundation of Policy and Research has published a report on Indiaâs digital payment sector and the revolution which changed the transaction system in the country.
As per Smahi, which is a non-profit organization, Indiastackâsuch as Aadhar, UPI, e-KYC, and e-signature, is paving the way for a massive world-leading âDigital Payments Revolutionâ.
The entry of well-funded and aggressive technology-first enterprises (which were formerly dominated by banks) has made digital payments commonplace in India, laying a strong basis for digitalization and cross-selling of other financial services and products. ....

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'RuPay aims to gain traction with the India diaspora who believes in the Power of India'

RuPay aims to gain traction with the India diaspora who believes in the Power of India
Kunal Kalawatia, Chief of Marketing, NPCI, talks about leveraging the growing need for contactless payments globally
by
Updated: Mar 8, 2021 4:52 PM
Kunal Kalawatia, Chief of Marketing, NPCI talks about the growing need for contactless payments, technological innovations in digital payments, expansion plans and more.
How has consumer behaviour towards digital payments evolved in the last year?
Digital Payments have been fulfilling the deep need of consumers like ease, speed, and safety. The growth was accelerated and UPI (Unified Payment Interface) in particular. We saw rapid adoption during the pandemic with over 2 billion transactions per month. The pandemic has added hygiene to the need of the consumers and making payments through UPI, RuPay Contactless and NETC solves this need. For the first time, consumers are actively seeking ....

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WhatsApp Asked by Supreme Court to Reply on Petition for Non-Sharing of UPI Data With Facebook, Third Parties

WhatsApp Asked by Supreme Court to Reply on Petition for Non Sharing of UPI Data With Facebook, Third Parties
WhatsApp Asked by Supreme Court to Reply on Petition for Non-Sharing of UPI Data With Facebook, Third Parties
WhatsApp Pay has received all necessary permissions, said senior advocate Kapil Sibal appearing for the instant messaging platform.
By PTI | Updated: 1 February 2021 16:55 IST
Till date Facebook and WhatsApp have not filed a counter-affidavit
Highlights
It denied allegations of being affected by Israeli sypware Pegasus
RBI representative said company has filed its reply with the top court
The Supreme Court Monday asked instant messaging app WhatsApp to file response on a plea seeking a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances. ....

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Supreme Court seeks WhatsApp reply on plea for non-sharing of UPI data with any third party

A view of the Supreme Court of India. File
| Photo Credit: Shanker Chakravarty
Several interlocutory applications have been filed in the plea which also seek direction for framing regulation to ensure that data collected on UPI platforms is not “exploited” or used in any manner other than for processing payments.
The Supreme Court on Monday asked instant messaging app WhatsApp to file response on a plea seeking a direction to the RBI and the National Payments Corporation of India (NPCI) to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances. ....

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More Trouble For WhatsApp? SC Seeks Firm's Reply On Plea For Safeguarding UPI Data

More Trouble For WhatsApp? SC Seeks Firm’s Reply On Plea For Safeguarding UPI Data
A plea filed in the apex court has sought a direction to the RBI to ensure that data collected by WhatsApp on Unified Payments Interface (UPI) platforms is not leaked to any third party
Representational Image
Outlook Web Bureau
2021-02-01T16:25:26+05:30
More Trouble For WhatsApp? SC Seeks Firm’s Reply On Plea For Safeguarding UPI Data
outlookindia.com
2021-02-01T16:27:04+05:30
Also read
In what seems to be more trouble for WhatsApp, the Supreme Court Monday asked the instant messaging application firm to file its response on a plea seeking a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances. ....

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