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According to a recently conducted digital payments poll by Mastercard India, 74% of the respondents said they will continue to make purchases digitally or via contactless mode in the coming times.
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Besides, technology modernisation requires a fully integrated retail enterprise resource planning software solution and a point-of-sale machine, along with digital wallets registration.
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The working group formed by the Reserve Bank of India (RBI) to study aspects of digital lending activities by regulated as well as un-regulated players, has listed out over 1,000 illegal mobile lending apps that are busy wooing hapless customers stuck in urgent need of cash. “We do not know how many mobile app-based lending companies are […]
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New Delhi: S&P Global Ratings said India’s banking system’s low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned and smaller private-sector banks. In its report titled ‘Tech Disruption in retail banking: Top tier banks lead the change’, S&P said India’s digital disruption, however, poses a relatively low risk […]
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Over the past few years, digital payments have witnessed tremendous growth in India. This growth has been largely driven by digital wallets and Unified Payments Interface (UPI). And this is visible from the fact that UPI transactions have been rising consistently, making a new high every month for the past six months. For instance, UPI […]
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New Delhi: Online transactions grew 80 per cent in 2020 over the previous years, driven by strong adoption of digital transactions in tier-II and III cities, according to a report by fintech firm Razorpay. The report pointed out that UPI transactions outgrew cards, net banking and wallets with 120 percent growth in 2020. Razorpay said […]
