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Digital Payments

Learning ยป Digital Payments

Aug 12 2021

E-Rupi: Contactless and Cashless Digital Payment

As a new digital payment solution, e-rupi was launched recently. It is a cashless and a contactless instrument for digital payment. It has been launched wi...

RBI (Digital Payments Security Controls) Directions, 20...

The Reserve Bank recently issued master direction for banks and card issuing entities prescribing minimum standards to ensure digital payments security. Th...

Contactless Card transactions limit to be enhanced to R...

The RBI governor Shaktikanta Das announced that the central bank has proposed to increase the limit of contactless card transactions from 2000 rupees to 50...

Nov 30 2020

How is Contactless Innovations helping in the times of...

Even before the pandemic had taken its strong grip around the world, contactless payments were already being used widely. However, ever since the world was...

Nov 28 2020

RBI Streamlines QR Code mechanism for Digital Payment m...

Today we are living in the digital era and the entire economy is sustained with digital transactions. The Indian economy is having now gradually adapted th...

Oct 17 2020

The Role of Technology in the BFSI Sector

Whether it is through mobile banking or through digital modes of payment, digital technologies have played a crucial role in transforming the Banking and F...

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Oct 05 2020

Instant Payments: Challenges and Considerations for its...

In a payment industry as dynamic as today, faster payments have become the norm, and it is no longer just an option for market participants and regulators....

Sep 21 2020

What is a Payment Gateway and How does it work?

In the last few years, we have seen a rapid increase in the use of digital payment methods. This has increased all the more after the Covid-19 pandemic. So...

Sep 07 2020

Banks asked to refund charges collected for Unified Pay...

Recently the Central Board of Direct Taxes announced that banks can't levy any extra charge on transactions made through electronic mode on or after 1st Ja...

Sep 07 2020

Digital Payments Transactions Increase during Covid-19...

Digital payments transactions witnessed a continued rise with many digital platforms seeing record high transactions. According to the data released by the...

Sep 01 2020

Aadhaar Enabled Payment System: Making Payments Simpler...

We have witnessed a number of changes in the way we bank. We are discussing one of those methods in this article, i.e., Aadhaar enabled payment system. Wha...

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