Online Payments News

Online transactions are now hassle-free, as opposed to earlier times when you had to carry wallets and make sure you had lesser-value currencies like Rs 10, Rs 20, or Rs 50.

UPI frauds have increased over the years. There are some safeguards in place to reduce the chances of frauds. You can prevent yourself from getting cheated on UPI.

People can use a variety of apps to perform online money transfers, including Google Pay (GPay), PhonePe, and Paytm, among others. Scammers and fraudsters use a variety of ways to deceive individuals, including making fake phone calls, sending bogus emails with links to fake websites. Cybercriminals send emails or text messages to people's phones that contain links to fake websites or requests for the download of specific apps that promise a large reward.

The new debit and credit card rules will take effect on January 1, 2022. Banks have begun to alert their consumers about the situation. Tokenisation is the process of replacing an actual card number with a different code that will be converted into a token.

The value of transactions was Rs 7.71 lakh crore in rupees, and 421 crore transactions were completed in the month, both records. The buying spree that marked the start of festival season, as well as e-commerce purchases, propelled the surge in October. The average monthly growth rate of UPI transactions was 5.8% from March to September 2021.

Chakravarty, during the session, explained every change that his company adopted after the lockdown was announced last year. Chakravarty, in his hour-long session, also underlined the importance of online payment. Chakravarty also highlighted the importance of digital transformation and explained how Orient Electric has gone paperless over the years.

On one side, online transactions have made banking facilities easier, while on the other side, it has its own disadvantages, given the recent frauds that were reported during the pandemic. The person will be required to inform the executive about the exact date and time of the transaction, the account number, and the account in which money has been transferred mistakenly. The money will automatically be refunded within 5-6 business days if the bank account to which you have transferred the money does not exist.

At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking.

Indigenous digital payments app BHIM, which the government has developed for fast and secure cashless transactions, was today launched on the iOS platform.

With this paid leave policies for its employees in India, Paypal enhances the leave period by more than double from the previous 12 weeks.

PM Modi was bang on target when he said, while launching BHIM app, that the world will Google for it". The app is no doubt popular, and has broken record of sorts. It overtaken some popular apps like WhatsApp, MyJio, Messenger and Facebook among others in downloads on Google Play Store.

Yatra.com collated some of the key findings in travel trends of 2016 and has come up with a list. 

After demonetisation, the mode of online payment has been increased and people are looking out for more secure and safe way of it.

No matter how deeply permeated corruption is prevalent in India, we can wipe it out by adopting a cashless economy, said Prime Minister Narendra Modi and appealed to the people to move towards cashless transactions to build a stronger nation.

Mobile payments firm PayUbiz today launched a new 'One Tap' technology that will help users to make online payments without having to key-in their card or CVV numbers.

Askme says one app for all consumers needs across merchants, deals, classified and commerce.