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Electronic payments News

29 Mar 2018

Digital transactions touch record high of Rs 71,634 crore on March 28: Jaitley

98.2 lakh digital transaction were made on Thursday.

Electronic payments

04 Oct 2017

RBI to allow inter-operability in prepaid payment instruments

PPIs are substitute of paper currency or cash that prepaid payments industry issues in the form of paper coupons, mobile wallets or electronic formats.

Electronic payments

21 Jun 2017

E-payments will support China's economic rebalancing: Moody's

The rapid rise of third-party electronic payments is boosting China`s online consumer market growth and it will support its economy`s rebalancing, a Moody`s report said.

#DeMonetisation

05 Dec 2016

Demonetisation: Make e-payments if contract exceeds Rs 5,000, FinMin to govt deptts

The finance ministry on Monday asked all government departments to make electronic payments to suppliers, contractors or institutions if the order value exceeds Rs 5,000.

29 Nov 2016

Demonetisation: Excise duty exemption on Point of Sale device manufacturing till March 2017

The duty exemption for making PoS devices, which are used for electronic payments at malls and shops, will remain valid till March 31, 2017, government said today.

Cashless economy

29 Sep 2015

Cashless economy: RBI to promote card usage in smaller towns

In efforts to move towards a cashless society, the Reserve Bank on Tuesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.

income tax benefits

23 Jun 2015

Tax benefits for credit, debit card payments welcomed

"Tax benefits in terms of income tax rebates to be considered to consumers for paying a certain proportion of their expenditure through electronic means," said the draft proposals on which comments have been invited till June 29.

27 Oct 2014

Some US retailers shun Apple Pay, eye rival payments system

Some large U.S. retailers are refusing to use Apple Inc`s new electronic payments service as they commit to developing a rival payments system that would bolster their profits by eliminating credit card transaction fees.

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