Archives for UPI - Page 2
The turn of this millennium witnessed a heavy smartphone penetration in society. This also led to the development of electronic payments and digital wallets. Payment modes like scanning QR codes have taken the central stage. Today the majority of transactions that happen in retail shops or other bill payments are using this system. QR codes…
The post 25 Years Of QR Codes: A Look At Vulnerabilities Of This Popular Payment Method appeared first on Analytics India Magazine.
The turn of this millennium witnessed a heavy smartphone penetration in society. This also led to the development of electronic payments and digital wallets. Payment modes like scanning QR codes have taken the central stage. Today the majority of transactions that happen in retail shops or other bill payments are using this system. QR codes…
The post 25 Years Of QR Codes: A Look At Vulnerabilities Of This Popular Payment Method appeared first on Analytics India Magazine.
What is that one entity that everyone ‘feels’, but no one really sees? No, we’re not talking about God. In this world of emerging technology, it is the National Payments Corporation of India (NPCI), that one all-knowing entity that is being used by every Indian almost every day, but is never in the foreground. To…
The post How NPCI’s Flagship Product UPI Has Revolutionised The Digital Payments Industry In India appeared first on Analytics India Magazine.
Why Is India Inc Rallying For Data Localisation? The Answer Lies In The Digital Payments Space
As the chorus around data localisation grows stronger by the day, large tech firms are following suit. It looks like India’s push for data localisation has found new favour with homegrown IT conglomerates and firms who are ploughing in billions of dollars in strengthening the data infrastructure in India. Case in point — Gautam Adani…
The post Why Is India Inc Rallying For Data Localisation? The Answer Lies In The Digital Payments Space appeared first on Analytics India Magazine.
Mobile payments are one of the fastest-growing markets in India today. After the rise of the United Payment Interface for quick and easy online payments, India has been fast to adopt the technology. The mobile-first payment interface has gained 3 billion transactions since it launched in mid-2016. The payment system was built as a layer…
The post Multilingual Support Will Help Increase Adoption Of Mobile Payments In India, Says Gaurav Raina Of MPFI appeared first on Analytics India Magazine.
Credit and debit cards have seen increased usage online, indicating the general shift of society towards being cashless. The Indian banking system has also not been a laggard in deploying systems for the easy transfer of money online This is seen by the National Payments Corporation of India’s impressive rollout of the Instant Money Payment…
The post With 3Bn Transactions, UPI Scripted A Mobile First Approach For India appeared first on Analytics India Magazine.
Credit and debit cards have seen increased usage online, indicating the general shift of society towards being cashless. The Indian banking system has also not been a laggard in deploying systems for the easy transfer of money online This is seen by the National Payments Corporation of India’s impressive rollout of the Instant Money Payment…
The post With 3Bn Transactions, UPI Scripted A Mobile First Approach For India appeared first on Analytics India Magazine.
India has been at the forefront of a digital revolution ever since the launch of Reliance Jio. This telecom provider caused a tariff war that has reduced India’s mobile Internet prices to some of the lowest in the world. This, coupled with accessible Internet feature phones and cheap smartphones, has driven the increased adoption of…
The post Indian Data Localisation Norms Have Pushed WhatsApp Pay Into A Limbo appeared first on Analytics India Magazine.
State Bank of India and Hitachi Payment Services Private Limited, India have signed definitive agreement to enter into a joint venture for the establishment of a state-of-the-art card acceptance and future-ready digital payment platform for India. The JV agreement is subject to requisite regulatory approvals. SBI will have a majority stake in the proposed joint…
The post SBI Joins Hands With Hitachi To Use AI, Big Data For Digital Payments Acceleration appeared first on Analytics India Magazine.
State Bank of India and Hitachi Payment Services Private Limited, India have signed definitive agreement to enter into a joint venture for the establishment of a state-of-the-art card acceptance and future-ready digital payment platform for India. The JV agreement is subject to requisite regulatory approvals. SBI will have a majority stake in the proposed joint…
The post SBI Joins Hands With Hitachi To Use AI, Big Data For Digital Payments Acceleration appeared first on Analytics India Magazine.