ਵੀਡੀਓ ਖੋਜੋ: #digitalwallet

  • India card payments market

    The primary factor driving the growth of the market in the region is the rising adoption of #digitalpayments supported by government initiatives and strong growth in E-commerce, among others.

    As per #GlobalData, card payments value in India registered a strong growth of 26.7% in 2022, supported by improving economic conditions. This trend is expected to continue in 2023 and India’s card payments market is set to grow at a CAGR of 18.7% between 2022 and 2026 to reach Rs 43.3 trillion ($581.1 billion) in 2026.

    Experts say that, India, which is primarily a cash-driven economy, made robust progress in the adoption and usage of card payments supported by consumers’ increasing preference for electronic payments, improvement in payment infrastructure, and constant efforts by financial authorities to increase financial inclusion and boost cashless payments.”

    The introduction of low-cost banking services under Pradhan Mantri Jan Dhan Yojana program, the appointment of banking correspondents to serve remote population, the launch of payments banks, and the reduction of merchant fees on card-based payments are some of the initiatives from government and the central bank that led to rise in card payments in the past few years.

    The post-pandemic recovery in card payments is mainly driven by credit and charge cards, with this card category growing by 39.2% in 2022, as consumer spending increased on travel, accommodation, restaurants, and transportation. Regular benefits such as loyalty programs, discounts, and availability of instalment facilities are also aiding to rise in credit and charge card usage.

    The card payments market, however, is witnessing some hiccups due to the rising inflation rate as the country’s central bank is on an interest rate hike path to control inflation. The repo rate was increased in phases to 6.50% in February 2023 from 4.40% in May 2022, making credit costlier for consumers.

    The card payments in

    ਦੁਆਰਾ VARINDIA | 56 ਵਿਚਾਰ

  • Indian bankers may lose large parts of traditional business to Google Pay, Phonepe

    #Modi #PSUs #retrotax

    Digital Payments a potential threat to Indian Banks

    E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to $111.40 billion by 2025 from $46.2 billion as of 2020. By 2030, it is expected to reach $350 billion. According to NASSCOM, despite COVID-19 challenges/disruptions, India's e-commerce market continues to grow at 5%, with expected sales of $56.6 billion in 2021. After China and the US, India had the third-largest online shopper base of 140 million in 2020. The financial services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. And given the key role digitisation plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation. As per PWC survey, Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Payments also are supporting the development of digital economies and are driving innovation — all while functioning as a stable backbone for our economies. 86% agreed that traditional payments providers will collaborate with fintechs and technology providers as one of their main sources of innovation. Another solid reason for growth is India’s online shopping sector is currently worth $36.5 billion, a value that has consistently expanded at double-digit rates in recent years.

    The digital payments sector in India has been growing at an exponential rate, with the penetration of technology in the deep interiors of the country. India's top banker Uday Kotak said lenders based in the country may end up losing large portions of their traditional business to digital wallet platforms such as Google Pay and Walmart-backed Phonepe. Google Pay and Phonepe, which are dominating the country's retail digital payments sector, are either owned or backed by deep-pocketed tec

    ਦੁਆਰਾ VARINDIA | 80 ਵਿਚਾਰ

  • Forgetting a password might cost you millions

    #Bitcoin owners are getting richer with #cryptocurrency soaring to a newer high. But what happens when you forget the password to your digital wallet? In case you have invested into cryptocurrency, and you must be closely watching the rollercoaster happening over the past several months. Bitcoin and other cryptocurrencies have become wildly popular in recent years, and many early investors have made fortunes. A recent article in the New York Times highlights, for some investors, a simple forgotten password stands between them and their inaccessible fortunes.

    The significance of employing secure passwords is subsequently more important than ever. Hackers are hungry for passwords, as they have substantial monetary value. Data breaches and password leaks easily leave thousands of accounts vulnerable to being accessed by cybercriminals. With two-factor authentication you get an extra layer of security that hackers can’t easily access, because the criminal needs more than just the username and password credentials.

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    Forgetting a password might cost you millions

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  • Digital Currency: डिजिटल Rupee आने के बाद मौजूदा Payment Apps का क्या होगा? | We News

    #wenews #wenewsgroup #wenewsofficial #wenewsharyana

    रिज़र्व बैंक ऑफ इंडिया ने 1 दिसंबर, 2022 को खुदरा डिजिटल रुपये के लिए पहला पायलट लॉन्च करने की घोषणा की है. इसे सेंट्रल बैंक डिजिटल करेंसी यानी CBDC के रूप में जाना जाता है
    WE News group is an emerging social media based news channel dedicated towards delivering live breaking news in Hindi, latest news in Politics, Entertainment, Bollywood, business and sports. We News group channel focuses on all latest news of Gurugram, Rewari, Faridabad, Rohtak, Fatehabad and other places of Haryana, Punjab, Delhi, North India in Hindi.

    आप सभी का स्वागत है WE News group के ऑफिशल यू ट्यूब चैनल पर.

    WE News group एक उभरता हुआ सोशल मीडिया पर आधारित न्यूज़ चैनल है जो आप सभी को
    लाइव ब्रेकिंग न्यूज़ हिंदी में, ताज़ा खबरें राजनीति, मनोरंजन, बॉलीवुड, बिज़नेस और स्पोर्ट्स की आप तक पहुंचाता है | WE News group चैनल का उद्देश्य गुरुग्राम , रेवाड़ी, फरीदाबाद,रोहतक, फतेहाबाद और साथ में हरियाणा के विभिन्न स्थानों, पंजाब , दिल्ली और उत्तर भारत की ताज़ा खबरें आप तक पहुँचाना है |

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    Digital Currency: डिजिटल Rupee आने के बाद मौजूदा Payment Apps का क्या होगा? | We News

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  • What is Digital Currency? | 1 दिसंबर से भारत में बदलेगा भुगतान करने का पूरा तरीका | We News

    #digitalcurrency #RBI #cashlesspayment #digitalrupee #onlinepayment #digitalwallet #QRcode #latestnews #trending #wenews #wenewsgroup #wenewsofficial #wenewsharyana

    1 दिसंबर से भारत में भुगतान करने का पूरा तरीका बदलने वाला है। अब जेब में कैश लेकर चलने की जरूरत नहीं है और न ही किसी थर्ड पार्टी द्वारा ऑनलाइन पेमेंट की जरूरत पड़ेगी। बस एक दिन बाद भारत का रिटेल डिजिटल रुपया लॉन्च होने वाला है। भारतीय रिजर्व बैंक (RBI) ने इसे पायलेट प्रोजेक्ट के रूप में लॉन्च करने की घोषणा कर दी है।

    WE News group is an emerging social media based news channel dedicated towards delivering live breaking news in Hindi, latest news in Politics, Entertainment, Bollywood, business and sports. We News group channel focuses on all latest news of Gurugram, Rewari, Faridabad, Rohtak, Fatehabad and other places of Haryana, Punjab, Delhi, North India in Hindi.

    आप सभी का स्वागत है WE News group के ऑफिशल यू ट्यूब चैनल पर.

    WE News group एक उभरता हुआ सोशल मीडिया पर आधारित न्यूज़ चैनल है जो आप सभी को
    लाइव ब्रेकिंग न्यूज़ हिंदी में, ताज़ा खबरें राजनीति, मनोरंजन, बॉलीवुड, बिज़नेस और स्पोर्ट्स की आप तक पहुंचाता है | WE News group चैनल का उद्देश्य गुरुग्राम , रेवाड़ी, फरीदाबाद,रोहतक, फतेहाबाद और साथ में हरियाणा के विभिन्न स्थानों, पंजाब , दिल्ली और उत्तर भारत की ताज़ा खबरें आप तक पहुँचाना है |

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    What is Digital Currency? | 1 दिसंबर से भारत में बदलेगा भुगतान करने का पूरा तरीका | We News

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