RBI introduces PRAVAAH portal, Retail Direct mobile app and FinTech Repository
Mumbai: The Reserve Bank of India (RBI) introduced three important initiatives on Tuesday: the PRAVAAH portal, the RBI Retail Direct mobile application, and the FinTech Repository, previously announced in April 2023, April 2024, and December 2023, respectively.
"India’s fast-payment system, called the Unified Payments Interface (UPI) and run by the nonprofit National Payments Corporation of India, exemplifies how the regulator (for example, the central bank) and the regulated (for example, commercial banks) can together run a payment system as a voluntary digital public infrastructure that operates around the clock." - IMF
Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.
IT minister Ashwini Vaishnaw welcomes Japan's interest in joining India's UPI
New Delhi/Tokyo: Union minister Ashwini Vaishnaw on Friday welcomed Japan's interest in joining India’s Unified Payments Interface (UPI) payment system.
Rajeev Chandrasekhar holds consultations with stakeholders on the proposed Digital India Bill
New Delhi: Union Minister of State for Electronics & IT(MeitY) Rajeev Chandrasekhar held consultations with stakeholders on the soon-to-be introduced Digital India Bill.
New Delhi: While the role of traditional infrastructure has been well recognised, in recent years, the role of digital infrastructure in socio-economic development of the country has assumed an increased importance, revealed the Economic Survey.
Aadhaar e-KYC transactions jump 18.53% to 84.8 cr in Q3 of FY 2022-23
New Delhi/IBNS: Over 84.8 crore e-KYC transactions were executed using Aadhaar in the October-December quarter (Q3) of FY 2022-23, a growth of 18.53% over the Q2 (July-Sept) of the current financial year.
SSG Insurance incentivises users to choose healthy living
New Delhi/IBNS: Health and fitness enterprise StepSetGo (SSG) partnered with insurtech firm Symbo Insurance to launch a pocket-friendly health insurance option called SSG Health Insurance.
LIC's Digi Zone to accelerate digital transformation
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
India to overhaul age-old telecom policies to achieve digital dreams
New Delhi/IBNS: India plans to revamp its telecommunication sector, the key to Prime Minister Narendra Modi's digital ambitions, but the century-old policies and bitter legal disputes have hindered the government's attempts to develop the sector.
RBI allows 24x7 NEFT transfer from Dec 16
Mumbai/IBNS: After rolling back the National Electronic Funds Transfer (NEFT) charges in July, the RBI has decided to do away with the time limit for the digital transaction from Dec 16, the Central bank said in a notification.
One Lakh villages to go digital over next five years: Govt
New Delhi, Feb 1 (IBNS): India having emerged as the world leader in the consumption of mobile data, the Government on Friday said it is now aiming to widen its impact by reaching out to the interior and rural areas.
UK to focus on partnership with Digital India and Indian tech companies at IMC2017
New Delhi, Sep 27 (IBNS): Eight UK technology companies and several specialists, under the aegis of the country's Department for International Trade (DIT), are joining the Indian Mobile Congress 2017 being organised by the Cellular Operators Association of India (COAI), in collaboration with the Central government's Department of Telecom and Ministry of Communications, and the Ministry of Electronics and Information Technology.
Smart India Hackathon today, PM Modi to address participants
New Delhi, Apr 1 (IBNS) : Prime Minister Narendra Modi will on Saturday address the world's largest hackathon via video conferencing in what is being seen as a part of the initiative to push for a Digital India.
Using digital technology to accelerate business growth: ASSOCHAM-Deloitte study
New Delhi, Mar 24 (IBNS): In India, adoption of advanced business digital technologies can lead to increase in revenues by up to 27%, increase in employment by up to 84% and enhanced access to international markets by up to 65% for small and medium business (SMBs), according to ASSOCHAM-Deloitte joint study.