Follow Us on Google News New Delhi, July 20 (IANS) India has emerged as the global leader in fast payments, as UPI processed over Rs 24.03 lakh crore in payments through 18.39 billion transactions in June, according to a note by the International Monetary Fund (IMF) on Sunday. In June last year, 13.88 billion UPI … Read more
Srinagar, July 15: The Peoples Democratic Party (PDP) on Tuesday expressed grave concern over mounting allegations of bias in the release of material cost payments under the MGNREGA scheme, stating that such practices are pushing Jammu and Kashmir’s rural economy into deeper uncertainty and leaving an already distressed rural population in dire straits. In a … Read more
Follow Us on Google News New Delhi, July 11 (IANS) Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary Fund (IMF) note has emphasised. Since its launch in 2016, UPI has grown quickly, while some proxies … Read more
Follow Us on Google News Chennai, June 24 (IANS) Following the statewide rollout of QR code-based billing in all retail liquor outlets, the Tamil Nadu State Marketing Corporation (Tasmac) has directed its staff to increase digital transactions — setting targets of 40 per cent in urban areas and 25 per cent in rural outlets. The … Read more
SRINAGAR, JUNE 13: Minister for Health and Medical Education, Social Welfare and Education, Sakeena Itoo today chaired a meeting at Civil Secretariat here to discuss various issues arising during the release of benefits under various flagship social welfare schemes like Old Age Pension, Widow Pension, Ladli Beti, Marriage Assistance, Integrated Social Security Scheme (ISSS) and … Read more
Follow Us on Google News Kolkata, May 18 (IANS) The Bihar government’s announcement of a two per cent increase in the dearness allowance for its employees and the Mamata government’s low compensation amount for the families of the Operation Sindoor martyrs has given the Leader of Opposition (LoP) in West Bengal a chance to raise … Read more
Follow Us on Google News New Delhi, April 11 (IANS) Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024. India’s digital payments ecosystem witnessed a significant surge … Read more
Follow Us on Google News New Delhi, April 9 (IANS) In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said on Wednesday. At present, the transaction amount for UPI, covering both person-to-person … Read more
Follow Us on Google News New Delhi, April 3 (IANS) Biometric payments have become widespread in Russia, according to a report on Thursday. The report by Sber Bank showed that the total turnover of payments using biometric technology amounted to 28 billion rubles ($331 million). This result significantly exceeds the total number of transactions for … Read more
