Mumbai, The Reserve Bank of India (RBI) on Tuesday appointed Infosys co-founder Nandan Nilekani as the Chairman of a five-member committee to accelerate digitisation of the economy and boost financial inclusion. The committee will submit its report within 90 days from the date of its first meeting. “With a view[Read More…]
Tag: Digital Payment
Google launches mobile payments app, Tez in India
Tech giant Google launched Tez, a mobile payment application which will enable people to transact money digitally. The app will be linked to bank accounts and will enable users to pay in a secure way–both physically and online. “Send money home to your family, split a dinner bill with friends,[Read More…]
Paytm likely to provide messaging service in mobile app
Digital payments firm, Paytm has planned to launch messaging service against its rival, WhatsApp by the end of August, a source reported. SoftBank and Alibaba-backed Paytm is looking to attract people in India to use the new messaging service embedded in its app, which many people use. Its messaging service[Read More…]
Consumers can now buy gold digitally
PM Narendra Modi pitches the vision of ‘New India’ at the Niti Aayog meet
Opening the third governing council of NITI Aayog, Prime Minister Narendra Modi said that having been a Chief Minister in the past, he was convinced that “the vision of New India can only be realised through the combined effort and cooperation of all States and Chief Ministers.” “The NITI Aayog[Read More…]
Give Rs 1000 subsidy to buy smartphones, recommends Chief Ministers’ panel
The Chief Ministers’ panel on Tuesday recommended Rs 1,000 subsidy for buying smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks to encourage digital payments. The Chief Ministers’ panel report that was submitted to PM Modi by committee[Read More…]
Modi launches app BHIM to make digital transactions easier
Aiming to promote and make digital transactions easier, Prime Minister Narendra Modi launched an Aadhaar based mobile payment application Bharat Interface for Money (BHIM) on Friday at the Digi-Dhan Mela at the Talkatora Stadium. The new app expected to minimise the role of plastic cards and the point of sale[Read More…]
To enable more digital payments, BSNL plans to lease about 15,000 point of sale machines
In a bid to enable more customers to use digital methods of bill payment, state-run BSNL is planning on leasing around 15000 point of sale machines. The telecommunications company sees digital transactions accounting for up to 40% of all bill payments by March 2017 – nearly double of current levels.[Read More…]
Nandan Nilekani roped in to usher PM Modi’s digital payments drive
Nandan Nilekani, a high-profile Congress member, has been roped in by Prime Minister Narendra Modi to join a committee to map a path to digital payments. Newsd was the first outlet to report that Nilekani was being mooted for a role as ‘digital advisor’ by the BJP government. Also read: Newsd[Read More…]