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Frauds have occurred predominantly in the category of digital payments, including card and internet, in terms of number, and primarily in the loan portfolio or advances in terms of value, the RBI report said
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In October 2018, RBI had released its ‘Dissent Note’ against having a regulator for payment systems outside the central bank
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The rollout of BHIM 3.0 will take place in phases, with full availability expected by April
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In February, the number of daily transactions stood at 575 million from 548 million in January
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This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking and payment services, says RBI
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Digital payments are now widely available across the country, propelling India toward a digital-first economy. While they provide both security and convenience, it is essential to use them responsibly and remain vigilant against online scams. Recognizing potential scams early can safeguard you and your loved ones, contributing to a safer and more secure less-cash economy for all.
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To encourage cashless transactions and increase digital payments, South Central Railway (SCR) has introduced an additional facility for payment of charges through ‘QR code’ at 35 major parcel offices in railway stations across the six divisions of the zone.
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In a further boost to Paytm's position, Revenue Secretary Sanjay Malhotra emphasised the absence of any current law enforcement and ED actions against Paytm, echoing the company's denials of any ongoing investigations into its operations or alleged money laundering activities.
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SCR officials said that presently, over 466 POS machines have been made available across SCR zone for PRS and UTS ticketing.
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The statistical development of digital payments has increased in India as well as worldwide.
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Digital payments across the country registered a growth of 13.24 per cent in a year through March 2023
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TPDA has made a public appeal urging cooperation from customers in tendering change or embracing digital payments.
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The NPCI proposal was aimed at increasing revenue for banks and payment service providers, who have been struggling with the high cost of UPI transactions
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India's leading digital payments and financial services company Paytm has revamped platform is expected to further power its fast, secure and seamless payments.
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Contrary to the initial apprehensions, common people have ceaselessly embraced the digital payment system
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Sri Rajarajeshwara Swamy temple, Vemulawada, authorities have decided to update services being provided to devotees in the shrine
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India has made a significant impact on the retail payment systems in the country with various solutions.
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New Delhi: Finance Minister Nirmala Sitharaman on Tuesday while addressing the Global Fintech Fest in Mumbai said that India has led the way towards an inclusive financial world through digital payments. She said the National Payments Corporation of India (NPCI) was taking the UPI platform internationally, helping countries to create their own payment systems and […]
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Hyderabad: The State police will soon have a Cyber Security Centre for Excellence to help in its fight against cybercrime. Director General of Police M Mahender Reddy, addressing a Cyber Safety and National Security event at the Indian School of Business at Gachibowli, said the centre would be set up in association with IT companies, […]
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New Delhi: Meta-owned WhatsApp has confirmed that it is running a cash-back campaign in India to drive more users on its digital payments service. The company is giving away Rs 11 cashback up to three times by sending money to three different contacts via unified payments interface (UPI) on WhatsApp. “We are running a campaign […]
