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16 lut 2024 · Several payment banks could face regulatory action after the Reserve Bank of India (RBI) cracked down on Paytm Payments Bank Limited, reported The Economic Times. As per the report, the Financial Intelligence Unit (FIU) has detected around 50,000 accounts, which do not have proper KYC verification.
19 gru 2023 · Paying for a hotel room with a credit card, getting a new TV on a debit card, or paying for vegetables on the street via a mobile wallet: digital payments are omnipresent in the everyday life...
The banking system in India saw a sharp decline in surplus liquidity due to quarterly advance tax payments and upcoming GST payments. This has led to increased borrowing costs for banks. Analysts expect the liquidity situation to improve by the end of the month as government spending accelerates.
25 kwi 2022 · For India, the growing acceptance of UPI-based mobile payment apps and QR code payments among merchants, combined with the increased use of digital payments during the Covid-19 pandemic helped real-time payments secure 31.3% of total payments transaction volume in 2021.
6 dni temu · Just to offer some perspective about their scale, the assets of scheduled commercial banks and NBFCs have reached at about Rs 280 trillion and Rs 50 trillion respectively as on March 31, 2024, and the outstanding credit facilitated by these institutions is roughly Rs 205 trillion.
19 gru 2023 · Powered by a remarkable 89 million transactions, India accounted for 46% of all global digital payments, according to ACI Worldwide and Global Data 2023. The simultaneous growth of both cash...
7 kwi 2024 · UPI continues to be the king of digital payments in India. The report highlights a remarkable 56% year-on-year growth in UPI transactions between July and December 2023. The total volume surged to a staggering 65.7 billion transactions, compared to 42.1 billion in the same period last year.
