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Paytm Payments Bank ahead of major banks in digital transaction target

Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only behind the

Small instant credit

ICICI Bank to extend small instant credit to Paytm users

Small instant credit: Paytm seems to be rolling out aggressive moves in the digital payments space. The latest announcement coming out of the e-wallet company is the proposal to extend short-term credit to the Paytm account holders and this will be done with the involvement of ICICI Bank (through the bank’s Postpaid product). “ICICI Bank is

Tax rebates to consumers, traders to promote digital payments

Tax rebates to consumers, traders to promote digital payments

Tax rebates to consumers, traders to promote digital payments. Traders body CAIT today suggested several measures such as tax benefits to both consumer and merchant to promote digital payments in the country. The Confederation of All India Traders (CAIT) said to achieve goals like cashless economy and reaching 2,500 crore digital transactions, the government needs

Government announces sops to promote digital payments

New Delhi: Admitting that there are visible and hidden costs in reducing cash volume in the economy, the government on Thursday announced a series of eleven measures designed to increase the pace of digital payments towards ushering in a cashless economy. Among the measures, payment by card for petrol and diesel will enjoy a discount

Niti-led panel discusses digital payments with state officials

New Delhi: A Niti Aayog-led panel, which islooking into digital payments for all government-citizen transactions, today made a detailed presentation to chief secretaries of all states on easy digital payments. The government think tank today tweeted that the committee made detailed presentation on easy digital payments to Chief Secretaries of States across India. “CEO @UIDAI,Secy