Digital Payment  

This IIT-Delhi alumnus Bipin Preet Singh turned his Rs 8 lakh savings into Mobikwik, a fintech company with a market cap of Rs 23,567 crore. His journey is an inspiration for every entrepreneur.

 Explore UPI transactions and their tax implications: Payments under Rs. 50,000 are tax-free, but exceeding amounts are taxable as gifts or income. Gain insights into income tax rules for UPI transactions in India.
 

 Stay safe while conducting online transactions by following these 7 crucial precautions, from avoiding public Wi-Fi to ignoring suspicious emails and updating security software.
 

India is leading the world when it comes to secure e-pay. According to Mastercard, India has the safest online transactions due to the tokenisation which replaces the card details with unique tokens. People are still susceptible to scams and frauds but tokenisation is the right step towards the digitally secure India. 

UPI is a popular mode of payment for most Indians. This digital payment method is helping India grow to newer heights. PhonePe follows a similar policy to Google Pay. Transactions up to one lakh rupees can be made without a specified limit on number of transactions.

 Department of Posts (DoP) and India Post Payments Bank (IPPB) launched a new digital payment app, ‘DakPay’

RBI Governor has appealed to citizens to make use of digital payments including debit cards

Facebook has launched unified payment system called Facebook Pay. In India, Facebook is aiming to launch WhatsApp Pay, a peer-to-peer payment system

The UPI payment system was launched in 2016 by the state-owned National Payments Corporation of India, the umbrella organisation that manages most digital payments in the country

Addressing students of the Royal University of Bhutan in Thimphu, during his visit to the country, PM Modi proposed extensive cooperation between the two countries in new areas such as space and digital payments.
 

“The enactment aims at ensuring better monitoring and unfettered supervisory access to data,” says RBI.