RBI lowers card transaction rate for small businesses to boost digital payments

RBI MDR Digital Payments

FinTech companies welcome RBI’s decision to lower Merchant Discount Rate Digital payments are expected to reach new horizons with good news from India’s Reserve Bank of India. RBI has decided to low Merchant Discount Rate for small and medium businesses in India. Politicians and RBI shifted its goal posts to […]

Google enters India’s digital payments space with Tez

Google Tez India

India’s digital payments industry is possibly the world’s fastest-growing technology adoption. Since the controversial and brave move of demonetisation, large transactions in cash are looked down upon with the eye of suspicion. Going cashless has made a trillion dollar opportunity for payment banks namely PayTM, Airtel and India Post. With […]

BharatQR – The Make in India payment movement

Bharat QR, BHIM, Digital Payments

Scan and Pay! Quick Response codes have been in the Indian payments market for more than 3 years but its large scale acceptability was only witnessed post demonetisation.  Scan and Pay is a mobile-based payment facility that enables fund transfer by scanning a QR code using an app which supports […]