Topic: Mobile payments

UPI Reaches Record High in December

India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume...

January 2, 2023    Economy & Banking Current Affairs

SBI launches contactless mobile phone payments facility

The SBI Card has  launched the ‘SBI Card Pay’ that allows contactless payment using mobile phones at PoS terminals. Using SBI Card Pay, customers can make contactless payments...

October 18, 2019

Google joins hands with Union Government for ‘Digital Payment Abhiyan’

Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign...

September 20, 2019

Airtel Payments Bank launches ‘Bharosa savings account’

The Airtel Payments Bank has launched the Bharosa Savings Account to deepen the financial inclusion in the country. It has been designed to serve the unique needs of...

September 18, 2019

PayPal India launched One Touch for seamless transaction

PayPal India has launched its OneTouch experience in India by using Google Smart Lock. This feature will permit Indian consumers to register their android device with PayPal and...

May 3, 2019

ETMONEY becomes India’s first financial services app to integrate UPI

ETMONEY, India’s largest app for financial services has integrated UPI (Unified Payment Interface) as a payment method on its platform as it looks to double its monthly user...

April 21, 2019

India Post Payments Bank (IPPB) ties up with FSS to create payments network for unorganized retail

The India Post Payments Bank (IPPB) has partnered with Financial Software and Systems (FSS) to create payments network for unorganized retail. FSS is a payments technology company that...

September 12, 2018

Samsung ties up with Axis bank to offer ‘Bill Payments’ on Samsung Pay

Smartphone manufacturer Samsung has recently launched its ‘Bill Payments’ on its flagship payments service “Samsung Pay” in partnership with Axis Bank. The new feature launched by the company...

December 27, 2017

The Union government to bear MDR charges to promote digital transactions

To promote digital transactions, the union cabinet has recently decided to bear the Merchant Discount Rate (MDR) applicable on digital payments via debit cards, etc., up to Rs...

December 19, 2017

The Union government engages ICICI to enable cashless payments on e-NAM

The Union government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM). At present,...

December 19, 2017

Umag app launched by Prime Minister Narendra Modi for government services

Prime Minister Narendra Modi has launched Umang mobile application, an integrated platform for government to citizen services, on November 23, 2017. The acronym of Umang stands for ”...

November 24, 2017

Airtel Payments Bank become India’s first payments bank to integrate UPI on its digital platform

The Airtel Payments Bank (APB) has become the India’s first payments bank to integrate the UPI on its digital platform. This will add to customer choice and convenience...

September 20, 2017