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Digital Money

Embracing UPI in 2024: Five Essential Rules Changes You Must Be Aware Of

With the start of the year 2024, there have been some changes in the financial sector. Unified Payments Interface (UPI), the country’s fastest-growing method of payment, has some new rules that you should be aware of. With effect from January 1, 2024, the Reserve Bank of India (RBI) and the National Payments Corporation of India

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Digital Money

Role of KYC Compliance For the Growth of Online Platforms in the Digital Era

KYC compliance is crucial for the company’s success, as these solutions have remarkable benefits. The businesses can reduce their risk rate, decreasing the probability of fraudulent activities. The advanced tools streamline the activities of the companies, they ensure that the persons are the same who they claim to be. The organizations must have to comply

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Commodities & Currency Digital Money Fintech

Know Your Transaction (KYT) In Cryptocurrency: A Powеrful Tool Against Financial Crimеs

Know Your Customer transaction(KYT) procedures havе become an еssеntial componеnt of thе cryptocurrency industry, enabling governments and businеssеs to еstablish thе idеntity of individuals engaging in crypto-rеlatеd activitiеs. This articlе will dеlvе into thе significancе of KYC in thе crypto world, еxamining its bеnеfits, challеngеs, and bеst practicеs to еnsurе compliancе and build trust within

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Banking & Insurance Digital Money Economic & Finance State & Urban

Nabard Chairman aims to digitize 65,000 cooperative societies by March 2024

In order to improve transparency and efficiency of cooperative societies, the government plans to computerize about 65,000 cooperative societies by March 2024, according to Nabard Chairman Shaji K V. As part of the National Level Monitoring and Implementation Committee and Ministry of Cooperation, the National Bank for Agriculture and Rural Development (Nabard) is responsible for

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Advisor Network Digital Money Market Overview Stock to Buy Stocks & Funds

Top global digital payment companies to buy before holiday season kicks off

Experts believe that global digital payment market size has touched USD 140.00 billion in 2023, and this market should be able to compound at ~15.30% between 2024-2032 to achieve the value of $437.27 billion by 2032. Top global digital payment companies continue to see rapid growth worldwide as the result of growing popularity of mobile

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Digital Money Economic & Finance Fintech Technology

UPI Payments Soar with 650% Growth in India and Worldwide Expansion

The concept of real-time secure online payments has become increasingly important in today’s digital society. With its Unified Payment Services (UPI), India has led the way in promoting digital payment transactions. UPI payments at semi-urban and rural stores in the country increased by 650% this year, according to a report from branchless banking and digital

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Banking & Insurance Data & Security Digital Money Mobiles & Gadgets Technology

Over $2 billion in fraudulent transactions were prevented by Apple App Store last year, and 282 million accounts were banned

The Apple App Store prevented over $2 billion worth of fraudulent transactions in 2022 as a result of the growing number of frauds using technology. According to Apple’s press release, the App Store rejected nearly 1.7 million applications in 2022 for failing to meet its privacy, security, and content standards. There are currently over 36

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Digital Money Economic & Finance Press Releases Retail

70% MSMEs believe more than half of their retail sales will be via UPI

70% MSMEs believe more than half of their retail sales will be via UPI, was the key revelation of the NeoInsights study titled ‘Decoding Digital Payments: A Retailer Perspective’, released today by NeoGrowth, an MSME-focused digital lender in India.  The study was based on a comprehensive assessment of NeoGrowth’s customer data set of ~3000 retailers

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Banking & Insurance Digital Money Economic & Finance Fintech Funding New startups

BharatPe Takes Bold Step Forward in Financial Services with 51% Stake in Trillion Loans

In April, BharatPe Group acquired a majority stake in Mumbai-based NBFC Trillion Loans. Consumers can also borrow from Trillion Loans for auto, gold, and education loans. The NBFC offers secured and unsecured loans to SMEs. The acquisition of Trillion Loans is aligned with the BharatPe Group’s larger purpose and will enable us to facilitate access

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Banking & Insurance Digital Money Economic & Finance

Are UPI Payments Going to be Expensive? Understanding the Implications of NPCI’s Interchange Fee

As of April 1, the National Payments Corporation of India (NPCI) will charge an interchange fee of up to 1.1% on UPI Payment using prepaid payment instruments (PPI). There is confusion among users as to who will be charged for these transactions and which payment methods will be charged. To help you understand what will

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