Digital payments firm Paytm on Tuesday launched its payment bank with 4 % interest rate and cashback on deposits, zero fee on online transactions and no minimum balance requirement, as they seek to attain a target of 500 million people by 2020. The firm is backed by Chinese firm Alibaba[Read More…]
Tag: Digital payments
Digital payments go down with return of cash: RBI report
In a major drawback to the digital India move and cashless economy, the digital transactions that gained popularity following the demonetization move, have started declining with the lift in remonetisation – indicating the return of people’s preference for hard cash. According to the latest data from the Reserve Bank of[Read More…]