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India Making Rapid Strides in Bridging Digital Payments Divide: Mastercard

In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.

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Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?

The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.

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COVID-19: Augmenting Farmer Access to Long-Term Credit

Failing to protect farmers amid the novel coronavirus disease (COVID-19) pandemic can worsen India’s agrarian distress.

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India: Digital Payments Bounce Back to Pre-COVID Levels

Digital payment transactions through the Unified Payment Interface (UPI), cards and mobile wallets have made a near V-shaped recovery this month.

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RBI Asks Payment Systems Operators to Educate Public on Safe Digital Transactions

The Reserve Bank of India (RBI) on Monday directed payment systems operators to undertake targeted multi-lingual campaigns by way of SMSs and advertisements to educate their users on safe and secure use of digital payments amid incidence of frauds continuing to bedevil people.

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Eko India Offers Banking Services to Migrants in Telangana

Eko's network of over 200,000 entrepreneurs, retailers, and individuals, across 200 cities in India has been instrumental in bringing about this ease to the lives of migrants.

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India: Crisis to Boost Mobile Payments, Says Report

Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.

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India’s Digital Financial Services Opportunity in a Post-COVID World

COVID-19 could be the “demonetization moment” for digital services delivery in India.

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India: Paytm's 'Spend Now, Pay Next Month' Option Available at Local Kirana Stores

Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.

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India: Paytm Deepens Micro-Credit Foray as Other Firms Shy Away

Paytm ties up with Non-bank financial institutions (NBFCs) to use past-transaction data to assign credit limits for loans for daily purchases of grocery, retail goods.