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Digital Payments Digital Banking

Why Did RBI’s Digital Payments Index Jump To An All-Time High In March?

The RBI data shows a significant growth in digital payments in India, but what factors may have contributed to their rapid adoption across the country?

29 July 2022

RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of the emerging geopolitical risks

17 June 2022

New To A Savings Bank Account? 3 Mistakes To Avoid

A savings bank account is usually the first stop when starting on the money management path. Here are three things you should avoid doing with your savings bank account

28 April 2022

Buy Now Pay Later Could Soon Replace Credit Cards Globally, Reveals Survey

Extremely popular in the West, BNPL could soon replace credit cards for variety of reasons ranging from no credit debt to impulsive overspend on purchases. India a leader in biometrics, reveals Experian survey

13 July 2022

ICICI Bank Launches Open-For-All Digital Ecosystem For MSMEs

MSMEs, even those who are customers of other banks, and professionals can access a host of services such as instant overdraft, apply for QR code, foreign exchange and more

28 April 2022

SBI Issues Guidelines For Safe ATM, Credit/Debit Card, Netbanking and UPI Transactions

State Bank of India releases process document with guidelines for safe digital transactions

25 April 2022

BNPL

Which Are The Best Pay Later Apps In India Boosting The Financial Power Of Consumers In The Country

Pay later or Buy now, pay later, or BNPL, is a type of instalment loan that it enables between a consumer and a seller. Once you buy a product or service from a seller on the aggregator’s platform, you only pay partially...

24 June 2022

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Big Banks, Big Data, And The Need For A Better Digital Infrastructure

Banks have come a long way from being just lenders. They are fast becoming a one-stop shop for all financial transactions, and setting up a digital infrastructure to handle this huge load of data is the best way forward

19 April 2022

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07 April 2022
RBI Issues Guidelines For Banks To Set Up 24X7 Digital Banking Units

RBI Issues Guidelines For Banks To Set Up 24X7 Digital Banking Units

In the Union Budget, the government announced the setting up of at least 75 such units in 75 districts to commemorate 75 years of the country's independence as...


02 April 2022
AI-Powered Contact Centres Will Enhance Banking Customer Experience

AI-Powered Contact Centres Will Enhance Banking Customer Experience

The key differentiator in banking is not interest rates or commissions, but customer experience. Artificial intelligence (AI) unlocks better experience by...


30 March 2022
Indians To Be Among Top ‘Buy Now Pay Later’ Service Users In Next 1 Year

Indians To Be Among Top ‘Buy Now Pay Later’ Service Users In Next 1 Year

28% Indian consumers likely to use ‘Buy Now Pay Later’ Services in next 12 months, highest among 18 nations surveyed. More men than women likely to use...


29 March 2022
One-Fourth Of E-Commerce Payments In India Are Through Digital Wallets, Finds Study

One-Fourth Of E-Commerce Payments In India Are Through Digital Wallets, Finds Study

While cash remains king, digital wallets are the close second when it comes to e-commerce transaction in India, finds the 2022 payments report by FIS. Credit...


26 March 2022
Three Reasons Why Bitcoin Is Unsuitable For Payments In India

Three Reasons Why Bitcoin Is Unsuitable For Payments In India

High volatility, lack of sovereign guarantee, and complex tax rules make Bitcoin unsuitable as payment tender in India


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17 March 2022
Are Neobanks The Future Of Banking?

Are Neobanks The Future Of Banking?

With everything becoming digital, brick-and-mortar banks also become a thing of the past. Here’s how neobanks which operate entirely digitally could become...


16 March 2022
6 Ways In Which Rural India Is Transacting Online Without Internet Or Smartphones

6 Ways In Which Rural India Is Transacting Online Without Internet Or Smartphones

Some existing payment and cash solutions ensure digital transactions without the need for internet, smartphones or debit or credit cards


08 March 2022
Technology Bridging The Gender Gap in Financial Inclusion

Technology Bridging The Gender Gap in Financial Inclusion

The world is taking the essential efforts to increase financial inclusion . Financial inclusion is viewed as a critical enabler for reducing extreme poverty...


28 February 2022
Are BNPL Schemes Better Than Credit Cards?

Are BNPL Schemes Better Than Credit Cards?

BNPL, buy now pay later, options look more attractive than credit cards. Let’s see if that’s actually true


27 February 2022
What’s Happening In Global Crypto Market : A Round Up Of All Events

What’s Happening In Global Crypto Market : A Round Up Of All Events

A lot has happened in the global crypto market in the past few days. With events ranging from growing fear of Russia using cryptocurrencies to tide over the...


21 February 2022
How Facial Scan Feature Of Financial Apps Can Put You At Risk And What You Can Do To Safeguard Yourself

How Facial Scan Feature Of Financial Apps Can Put You At Risk And What You Can Do To Safeguard Yourself

Using facial scan features in financial apps such as Paytm, Phonepe and MobiKwik can be risky. Know the threats and what you can do to safeguard your...


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15 February 2022
Aditya Birla Group Invests Undisclosed Sum In Digital Bank In UAE

Aditya Birla Group Invests Undisclosed Sum In Digital Bank In UAE

The $45-billion diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, among others


07 February 2022
ICICI Lombard Offers Cyber Insurance To Airtel Payments Bank Customers

ICICI Lombard Offers Cyber Insurance To Airtel Payments Bank Customers

ICICI Lombard's cyber insurance solution provides financial protection to customers against potential financial fraud relating to banking, credit or debit...


02 February 2022
Annadata Should Also Be Urjadata: PM Modi In BJP's Aatmanirbhar Arthvyavastha Programme

Annadata Should Also Be Urjadata: PM Modi In BJP's Aatmanirbhar Arthvyavastha Programme

Prime Minister Narendra Modi talked about Union Budget 2022, Sustainable energy, bureaucratic efficiency. startup culture and much more in his address to BJP's...


02 February 2022
Budget 2022: What Is Digital Rupee Or CBDC?

Budget 2022: What Is Digital Rupee Or CBDC?

The CBDC is a legal tender issued by a central bank and it is the digital form of the Indian rupee. Here's all you need to know.


29 January 2022
Banks Are Adopting Digital Transformation To Compete With Neobanks

Banks Are Adopting Digital Transformation To Compete With Neobanks

Banks have to choose the technology architecture that allows them to offer enhanced customer experience as well as compete with neobanks.


28 January 2022
RBI Asks People To Follow Safe Digital Banking Practices Amid Rising Cyber Frauds

RBI Asks People To Follow Safe Digital Banking Practices Amid Rising Cyber Frauds

RBI advises people to follow safety measures to counter cyber fraud.


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