Mumbai, April 9 (IANS) The Reserve Bank of India on Thursday released a discussion paper that sets out four options for introducing extra layers of safeguards in digital transactions, which include a lagged credit for authorised push payments above Rs 10,000 in order to check mounting frauds which crossed the Rs 22,930 crore mark in 2025.The other three options include additional authentication by a trusted person for high-value digital transactions by senior citizens, only accounts with satisfa…
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New Delhi, Feb 1 (IANS) The unified payments interface (UPI) saw 28 per cent transaction count growth (year-on-year) at 21.70 billion in the month of January — along with registering 21 per cent annual growth in transaction amount at Rs 28.33 lakh crore, the National Payments Corporation of India (NPCI) data showed on Sunday.Month-wise, the UPI transaction count as well as amount grew significantly too.Average daily transaction amount in January stood at Rs 91,403 crore, up from Rs 90,217 cror…
New Delhi, Jan 27 (IANS) India’s ambitious digital journey over the past decade has been powered by a unique framework known as the India Stack, which has helped the country build a cashless, paperless and presence-less digital ecosystem at scale, a report has said. Designed as a set of open digital platforms, the India Stack has transformed how citizens, businesses and governments interact and deliver services, according to www.theaustraliatoday.com.au report.The India Stack is a collection o…
New Delhi, Jan 1 (IANS) The unified payments interface (UPI) saw 29 per cent transaction count growth (year-on-year) at 21.63 billion in the month of December — along with registering 20 per cent annual growth in transaction amount at Rs 27.97 lakh crore, the National Payments Corporation of India (NPCI) data showed on Thursday.Month-wise, the UPI transaction count as well as amount grew significantly too.Average daily transaction amount in December stood at Rs 90,217 crore, up from Rs 87,721 …