Tag: digital payments in India

India accounts for 40% of all digital payments in the world: RBI governor

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India accounts for 40% of all digital payments in the world: RBI governor

File picture of RBI Governor Shaktikanta Das, who said that India accounts for 40% of all digital payments in the world | Photo Credit: ANI Reserve Bank of India Governor Shaktikanta Das said on Monday that digital transactions in India have grown 90-fold in 12 years. Mr. Das was speaking at the RBI headquarters in…

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What did the Parliamentary Committee recommend with respect to local fintech players ? | Explained

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What did the Parliamentary Committee recommend with respect to local fintech players ? | Explained

For representative purposes. The story so far: In its report presented to Parliament on February 8, the Standing Committee on Communications and Information Technology has raised concerns about the dominance of fintech apps owned by foreign entities in the Indian ecosystem and recommended that local players be promoted. It mentioned that the Unified Payments Interface…

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