UPI has seen exponential growth during the last year, with volume growing four times and value growing seven times in December 2018 over the corresponding month in 2017.

Centre asks states to accept driving licence, vehicle docs in electronic formatThe Union transport ministry has asked states to facilitate acceptance of driving licence and other documents like vehicle registration certificates in electronic format by enforcement agencies. Vehicle owners can also show their documents like driving licence, RCs and insurance certificates through mobile apps like Digilocker and mParivahan app, the Road Transport and Highways Ministry said Big GST relief! PM Modi...

The Union transport ministry has asked states to accept driving licence and other documents like vehicle registration certificates in electronic format

With interoperability paving the path for a level playing field, non-bank digital wallets are set to attract more users, but competition could be fierce.

With increased internet penetration, merchant acceptance network is trying to catch up with newer methods of digital payments.

SBI is offering up to 5 litres of free petrol on payments through its BHIM SBI Pay mobile app at any domestic oil retail outlet.

Tata Sons board to meet today to decide Jet Airways takeoverThe board of Tata Sons is likely to meet Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. Airline's deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with \"multiple interested parties\...

Zebpay, the largest cryptocurrency exchange in India, today announced the closure of its activities. The move comes five months after RBI banned banks from providing financial services to crypto exchanges.

Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.

Digital payments in India is now poised for a great leap forward as global tech giants slug it out for a bigger slice of the pie.

Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...

Modi says India is now the land of reform, perform and transformPrime minister Narendra Modi delivered his fifth Independence Day Speech as PM. Running parallel to the  Ayushman Bharat-National Health Protection Scheme would be the Jan Aarogya Abhiyan which would kick off on September 25, he announced. The healthcare schemes will ensure access to good quality healthcare for the poor and marginalised. Modi also said India used to be a 'sleeping elephant', but has started walki...

PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.

Though the latest UPI version would be loaded with features like auto debit and double transaction limit, etc, the Reserve Bank of India's decision withhold 'Standing Instruction' feature could be a dampener.

Today we are disabling the rupee deposit and withdrawal options on the Zebpay app. This is being done in light of the bank account closures as per the RBI guideline, says the company.

Last October, the Reserve Bank of India announced that it would allow interoperability among prepaid payment instruments (PPI) in phases, including e-wallets of private players. At the time, the expectation was that interoperability among KYC-compliant PPIs would be implemented by mid-April.

RBI monetary policy: MPC hikes repo rate by 25 basis points to 6.25%, keeps stance neutralThe monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. All the members of RBI's MPC voted in favour of a rate hike. The verdict of six-member MPC, headed by RBI Governor Urjit Patel, came after three days of deliberations instead of the usual two days. This is the first...

A new breed of marketing and distribution companies is using tech to connect brands with villages.

Wolters Kluwer, a $5 billion Dutch digital information, software and services provider, is seeing huge growth opportunities in Narendra Modi government's umbrella healthcare programme and the Goods and Services Tax (GST) implementation.

A 70:30 joint venture between Reliance Industries and the State Bank of India, Jio Payments Bank will be competing against more established players like the two-year-old Airtel Payments Bank, Paytm founder Vijay Shekhar Sharma-promoted Paytm Payments Bank.