Transaction
- Business
Small firms record sharp rise in digital transactions
New Delhi: The use of internet for entrepreneurial purposes such as taking and placing orders online, carrying out transactions online or using UPIs by unincorporated enterprises has increased to 13.5 per cent…
- News
Transactions via UPI cross 100 bn mark in 2023: NPCI
New Delhi: Transactions via the unified payments interface (UPI) platform surpassed the 100 billion-mark in 2023 to close at around 118 billion, representing 60 per cent growth as compared to 74 billion…
- Business
Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi: The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year. The Bitcoin miners earned more…
- India
Govt intensifies scrutiny for international transactions above Rs 50K
International transactions exceeding Rs 50,000 will now face heightened scrutiny as the Central government on Tuesday notified an amendment to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005. With the…
- Technology
Paytm UPI LITE crosses 2 mn users with over half a million daily transactions
New Delhi: Homegrown Paytm Payments Bank on Wednesday announced it now has over 2 million users on Paytm UPI LITE. The Bank recorded over half a million daily transactions for Paytm UPI…
- India
Banks must record transactions of politically exposed persons: Centre
New Delhi: Centre has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEPs). The…
- Business
UPI processes record 7.3 bn transactions in October
New Delhi: The Unified Payments Interface (UPI) platform processed 7.3 billion transactions in the month of October, a record high as India witnessed a bumper festive season. According to the National Payments…
- India
Govt notifies Air India asset transfer agreement with AIAHL; stage set for AI handover to Tata Group
New Delhi: The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline’s takeover by the Tata Group.…
