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In recent years, Asia-Pacific has witnessed a seismic shift in how consumers engage in e-commerce transactions, with traditional payment methods being rapidly eclipsed by innovative alternatives.

India surges in digital payments, challenges China

June 17, 2024, 05:18 PM - 2 min read

According to the report, China led the charge in alternative payments throughout 2023, setting a benchmark that was closely followed by India. Key to this paradigm shift has been the widespread adoption of mobile wallets, particularly driven by India's Unified Payments Interface (UPI), which facilitates seamless real-time transactions via QR codes.

Reserve Bank Governor Shaktikanta Das convened discussions on Wednesday with banks and key stakeholders to explore avenues for expanding the Unified Payments Interface (UPI) ecosystem, bolstering product offerings, and stregnthening innovative payment solutions.

RBI Guv Das discusses ways to enhance UPI ecosystem

May 9, 2024, 01:27 PM - 2 min read

"The meeting entailed comprehensive discussions on strategies to broaden and deepen the adoption and usage of UPI. Valuable inputs and suggestions were exchanged among stakeholders," the statement noted.

Despite India's affordable and increasingly accessible internet, a recent survey reveals widespread dissatisfaction among internet users due to slow data speeds and connectivity problems.

Half of Indian Netizens stalled over 24 hours of Internet fixes

April 22, 2024, 04:17 PM - 2 min read

Half of Indian Netizens Face 24-Hour Delays

The Ministry of Electronics and Information Technology (MeitY) is a governmental body in India entrusted with the task of spearheading the country's digital transformation.

Driving digital India: MeitY's strategic wins in Electronics and IT

April 9, 2024, 03:22 PM - 2 min read

Rajeev was the earliest MP to recognize the power of Social Media and Tech Platforms and start a debate in and outside parliament about the need to regulate them. His advocacy has brought critical attention to issues such as data privacy, misinformation, and online safety, prompting discussions and policy interventions to address these challenges.

Since the past decade, India's digital payment scenario has undergone a remarkable transformation. In the fiscal year 2022 alone, the total number of digital transactions surged to 8.84 billion, surpassing a cumulative value of Rs. 3 trillion.

RuPay Cards and UPI: A decade of digital transformation

April 3, 2024, 01:07 PM - 2 min read

Under the leadership of the Modi government over the past decade, there has been unprecedented growth in the adoption of debit cards, credit cards, and UPI/retail digital transactions. Comparing the period from 2014 to 2024, RuPay cards, which were non-existent a decade ago, have now captured approximately 80% of the debit card market share.

President Droupadi Murmu during the third convocation of the Central University of Jharkhand, in Ranchi.

President Murmu's request to students: Work for developed India

February 28, 2024, 06:13 PM - 2 min read

"India is one of the youngest countries in the world where 55 per cent population is below 25 years. India is the fifth largest economy in the world, and it is going to be third largest by 2030. As you know we have set a target to make India a developed country by 2047, so, there is a golden opportunity for students, and we have to make use of the situation accordingly," she said.