India among top nations with potential for digital payments

In News India has emerged strong, exhibiting a high potential in terms of digital payments and has been categorised under the break out segment among 60 countries, according to the Digital Evolution Index 2017. Break out segment : Refers to countries that have relatively lower absolute levels of digital advancement, yet remain poised for growth… Read More India among top nations with potential for digital payments

Government mulls insurance cover for digital transaction frauds

Why in news ? The government is considering based on the recommendations of the Chandrababu Naidu committee on digital payment security, including insurance cover for the victims of fraudulent digital transactions. Recommendations Interim report suggested several measures for digital payment security, including an insurance scheme to cover losses incurred in digital transactions on account of… Read More Government mulls insurance cover for digital transaction frauds

BHIM-Aadhar –a digital payment platform

BHIM-Aadhaar platform—a merchant interface linking the unique identification number to the Bharat Interface for Money mobile application—at Nagpur. Launched on the 126th birth anniversary of Dr B.R. Ambedkar. BHIM-Aadhaar platform New interface will enable customers to make payments using a merchant’s biometric-enabled device. The merchant merely has to download the BHIM app on his smartphone… Read More BHIM-Aadhar –a digital payment platform