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’.
The market cap of the world’s largest token, Bitcoin, fell to $1.205 trillion in the last 24 hours. Bitcoin’s dominance is currently 52.77%, according to CoinMarketCap. BTC volume in the last 24 hours fell 36.4% to $58.7 billion. With rising inflows into spot Bitcoin ETFs and the imminent halving event, the bullish trend is likely …
The one true value proposition of Bitcoin is its fixed supply schedule, with the 21 million BTC supply cap, programmed in the network’s algorithm for periodic release with each block mined. Bitcoin halving event occurs due to a feature within the Bitcoin algorithm. It involves reducing the mining rewards given for adding new blocks to …
Most anticipated crypto event in 2024: The Bitcoin halving Read More »
Shares of One 97 Communications, parent company of Paytm, rallied 4% to Rs 420 after Paytm and Paytm Payments Bank agreed to discontinue inter-company agreements. Meanwhile, SoftBank Group sold 2.2% stake amid regulatory uncertainty. Further, PPBL shareholders have agreed to simplify the Shareholders Agreement (SHA) to support PPBL’s governance, independent of its shareholders.
BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) netted $612 million Wednesday in its biggest one-session haul, breaking a record set just a day prior, data compiled by Bloomberg show. Altogether, the 10 new exchange-traded funds investing directly in the world’s biggest cryptocurrency took in a net $673 million, even with the outflows seen by Grayscale …
Bitcoin ETF record gets broken yet again on $612 million inflow Read More »
Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, Vijay Shekhar Sharma – the founder of Paytm – announced his resignation from the board of Payments Bank, which replaced its directors with new inductees, mostly from the banking …
NPCI International Payments Limited (NIPL), a subsidiary of NPCI, and Eurobank, a Greek bank, signed an MoU to enhance cross-border payments using the UPI platform. The focus is on streamlining remittances from Greece to India. This collaboration positions Greece as one of the first European countries to enable seamless UPI-based remittances for the Indian diaspora.
