Payswiff, a city-based payment solutions company today unveiled its new addition of Point of Sale device for the next generation of mobile payments.
Sebi today barred stock brokers from directly accepting cash from their clients as it looks to promote digital payments. Besides, stock brokers are not permitted to receive cash deposits in their bank accounts from clients.
India is in the process of framing rules to regulate the e-commerce sector, which is expected to touch USD 120 billion by 2020, Food and Consumer Affairs Minister Ram Vilas Paswan said.
The number of transactions via unified payments interface (UPI) grew 30 per cent to over 246 million in June over the previous month, according to the data available with the National Payments Corporation of India (NPCI).
Modi said his pet Digital India initiative is a war against touts and middlemen, helping check blackmoney and black marketing while creating immense job opportunities.
"We should raise Rs 300 crore by September-October," managing director and chief executive Rishi Gupta told reporters.
Food ordering and delivery platform Swiggy has partnered with Flipkart's arm PhonePe to enable a new payment option for customers.
Nilekani said the "original rationale" for bank nationalisation has ceased to exist and that privatisation is the way forward PSBs lenders citing the taxpayers' interest.
Online food ordering and delivery platform Swiggy said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.