Earlier the Reserve Bank of India (RBI) has announced that that this will provide a fillip to India's digital payments initiative

Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems, says RBI

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

Draft directions on security of digital payment channels will be issued soon for public comments, he said

Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month

Paytm will absorb Rs 600 crore in MDR (Merchant Discount Rate) charged annually by banks and other charges. It will then use this amount to support MSMEs amid the ongoing COVID-19 pandemic

The changes are expected to be for the better.  So, from RTGS, LPG cylinder price to policy premiums, here is what all is going to change.

RBI Governor Shaktikanta Das said, 'With this, India will be one of the very few countries globally with a 24x7x365 large value real-time payment system,'

While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

In FY2020, the share of paper clearing in total retail payments plunged to just 2.96 per cent in terms of volume and to 20.08 per cent in terms of value, RBI data showed

Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 per cent - from 593.61 crore in the year to March 2016 to 3,434.56 crore in the year to March 2020

India will be among a select few countries to have this facility. For this, payment system operators to be licenced on a perpetual basis, says RBI Governor Shaktikanta Das 

MPC Meet Live Updates: Shaktikanta Das says the monetary policy committee has voted unanimously to keep repo rate unchanged; India will see a \"3-speed recovery\", though it will vary from sectors-to-sectors, says the RBI Governor

As the e-commerce transaction process entails multiple entities at different stages, such as marketplace, merchants, payment gateways, financial institutes, apart from the consumers, each of them can act as a vulnerability or attack point for malicious actors

The main reason behind the popularity of e-wallets is cashback offers. In April and May, zero-cash bill payments were made due to lockdown restrictions

Coronavirus outbreak: EPFO has asked beneficiaries, employers and pensioners to avail its services online instead of coming to its offices

Yes Bank along with SBI is in discussions to raise capital, RBI-appointed administrator Prashant Kumar said while assuring that depositors' money is absolutely safe

While Indians are still biased towards cash, it has now become a way to store value rather than to make payments, the RBI pointed out

Agility, fast decision-making and willingness to experiment will help staid and process-oriented sectors such as banking transform

The Indian digital payments app Paytm announced about integrating Rupay cards to its QR cards for merchants to accept payments. Here's all you need to know