Digital Finance News - Latest Updates & Headlines
Payments via mobile phones clocked 41 pc jump in July-Dec 2024
New Delhi, April 11: Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024.
India's business correspondence sector to cross Rs 147 billion by FY2025: Report
New Delhi, April 6: India's Business Correspondent (BC) sector will cross Rs 147 billion by financial year 2025 (FY25), charting an impressive 19 per cent compound annual growth rate (CAGR), said a report by BLS E-Services.
Financial inclusion: India's business correspondent sector to cross Rs 147 billion in FY25
New Delhi, April 4: Driven by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India’s business correspondent sector was set to surpass Rs 147 billion in FY25, a report showed on Friday.
India's rural lending landscape sees key transformation, structured loan schemes rise
New Delhi, April 2: Driven by rapid digitisation, rise of fintech and increased government support, the rural lending landscape in India is undergoing a significant transformation, creating new opportunities for structured and efficient lending models and ensuring that credit reaches those who need it most, according to a new report.
EPFO to allow instant PF withdrawals via UPI, ATMs by mid-2025
New Delhi, March 26: The Employees' Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025.
From May end withdraw your PF through UPI, ATM: Labour Secretary
By Shailesh Yadav, New Delhi, March 25: In a groundbreaking development for India's workforce, the Employees' Provident Fund Organisation (EPFO) is set to introduce a revolutionary new system for Provident Fund (PF) withdrawals through Unified Payments Interface (UPI).
Al Etihad Payments, Mastercard collaborate to launch 'Jaywan - Mastercard'
Abu Dhabi, March 13: Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's national card switch (UAESWITCH) and manages domestic card scheme "Jaywan", and Mastercard have announced a strategic collaboration to launch "Jaywan - Mastercard" co-badged debit and prepaid cards in the UAE.
The Financial Bridge: How Short-Term Online Loans Support Everyday Needs in Sri Lanka
Colombo, Jan 24: In the fast-track world of today, one finds it very tough to maintain financial stability. For developing economies such as Sri Lanka, an increased living standard with rare economic recessions has, however, given rise to unexpected expenses or cash shortages for most of them.