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UPI’s share in digital payments reached nearly 80% in 2023 and is the biggest contributor to the growth of digital payments in India. Retail digital payments in India grew significantly, and UPI transactions are expected to cross 100 crore per day.
Paytm founder Vijay Shekhar Sharma expressed confidence in overcoming regulatory setbacks in India and leading Paytm into a comeback as a stronger company. Despite regulatory curbs on Paytm Payments Bank, Sharma values the role regulators play and aims to add more banks as partners. He emphasized the opportunity to build a financial system for the …
Asia accounted for $791 billion of the $1.17 trillion worth of bitcoin traded in February, with North American investors lagging way behind with $113 billion, broadly reflecting a trend seen since November, the data shows. In China, FOMO has gripped many small investors frustrated with an anaemic stock market. On popular messaging app WeChat, searches …
Cryptoverse: Asian traders give bitcoin blast-off Read More »
Payments Council of India urges the government to amend laws and protect startups and payment aggregators from Google’s monopolistic policies. Google’s delisting of apps from the Play Store could impact digital payment volumes and customer conversion. The Competition Commission of India (CCI) suggests offering multiple payment options like Unified Payments Interface and RuPay debit card …
Spot bitcoin exchange-traded funds were approved in the United States earlier this year. Their launch opened the way for new large investors and has re-ignited enthusiasm and momentum reminiscent of the run up to record levels in 2021. Smaller rival ether has hitched a ride on speculation that it too may soon have exchange-traded funds …
Bitcoin bursts above $65,000, record high comes into view Read More »
Through the Appreciate app, Indian investors can now access global stocks or fractions of leading global companies such as Microsoft, Tesla, Alphabet, Apple, and Amazon, with investments starting from as little as Re. 1 at an affordable rate. According to its founder & CEO, Subho Moulik, investing in US markets not only offers potential stock …
From UPI 123Pay to UPI-PayNow linkage, foreign acceptance of UPI, new developments in UPI are redefining the payment infrastructure and transforming the digital payment space. NPCI’s latest data shows a slight decline in UPI transaction volume and value for the month of February, clocking 12.1 billion transactions.
The upcoming Digital Payments Score (DPS) not only holds the promise of revolutionizing credit assessment in India, but also signifies a crucial step towards enhancing digital transaction literacy—a much-needed aspect in today’s digital era.
If Bitcoin’s dominance in the crypto market is undeniable, Ethereum’s unique functionalities and growing ecosystem make it a force to be reckoned with. The Ethereum blockchain and its native currency, Ether (ETH), serve as the backbone for a vast array of decentralized applications and innovative projects. Read on to know more:
A finance ministry statement said on Friday FIU-IND initiated a review of Paytm Payments Bank ‘on receipt of specific information from law enforcement agencies in respect of few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling’.
