Search result for 'payment infrastructure'

Report reveals illegal online gambling platforms in India are aggressively targeting minors and vulnerable groups with high payouts and fast bets, causing significant harm.

NPST has secured a multi-year contract from Central Bank of India to deploy its Qynx platform, a Payment Platform-as-a-Service (PPaaS) offering designed to scale offline payment acceptance across...

India's e-commerce market is projected to grow over four times to USD 550 billion by 2035, driven by increased internet penetration, smartphone adoption, and a young, tech-savvy population.

Digital payments in India grew by 11.11% year-on-year as of September 2024, according to RBI's Digital Payments Index. The index measures the adoption of online transactions and highlights the...

India's credit card usage surged by over 100% in five years, while debit card numbers remained stable, according to a new Reserve Bank report. Digital payments have also seen significant growth.

Financial Services Secretary M Nagaraju encourages fintech companies to deliver innovative solutions while adhering to strict regulatory compliance, highlighting government and RBI initiatives.

A study reveals UPI's impact on expanding credit access for underserved borrowers in India, enabling them to build financial history and access loans.

RBI Deputy Governor advises MSMEs to register on the Udyam Portal to enhance their creditworthiness and access formal finance. Learn about key steps for financial health.

India's finance ministry calls on public sector banks to prioritize cybersecurity, accelerate lending to agriculture and MSMEs, and enhance financial inclusion.

Reserve Bank Deputy Governor calls for empathetic approach towards MSMEs, urging lenders to provide restructuring options and tailored support to aid growth and global competitiveness.

UNGA President Dennis Francis praises India's digitalization efforts, citing the lifting of 800 million people out of poverty through smartphone use and financial inclusion.

RBI's Digital Payments Index (RBI-DPI) shows a 12.6% increase in digital payments in India by March 2024, driven by growth in payment performance and infrastructure.

PayU receives in-principle approval from RBI to operate as a payment aggregator, enabling the fintech firm to onboard new merchants and provide digital payment services.

Srini Sriniwasan, Managing Director of Kotak Alternate Asset Managers, highlights India's strong growth prospects and diversified investment opportunities, citing digital infrastructure and...

Digital payments in India grew 10.94% annually through September 2023, according to the RBI's Digital Payments Index. The index measures the adoption of online transactions.

India's net direct tax collection has surged 19.41% to Rs 14.70 lakh crore in FY24, reaching 81% of the annual target, indicating robust economic growth. The government's initiatives to formalize...

The Reserve Bank of India (RBI) has extended the Payments Infrastructure Development Fund (PIDF) Scheme by two years till December 2025. The scheme aims to encourage deployment of payment...

BJP MP Tejasvi Surya calls for India to become a rule-maker at the global stage, leveraging its digital public infrastructure and tech innovations for international influence.