BUSINESS
NPCI Chief Predicts UPI Transactions Will Reach 100 Billion in the Next Decade
We are looking at 100 billion transactions in the next 10-15 years which is a fairly achievable number. And, credit is going to be the backbone of this growth," Asbe said at the Global Fintech Fest here. He pointed out that credit has already been launched on UPI and the commercials would be released within a couple of weeks.
Paytm Stock Rises 5% Following Government Approval for Investment in Paytm Payments Services
The stock was last trading at Rs 565.05 on the BSE, while on the NSE it surged 4.98% to Rs 564.80 a share.
Sensex Holds Steady Amidst Negative Global Trends
During the early trading hour, the overall trend of the market was positive. On the NSE, 1,134 shares were in the green while 759 shares in the red.
Vodafone Idea Ordered to Pay Rs 15.19 Crore GST and Rs 1.51 Crore Penalty
VIL said it does not agree with the order and will take appropriate legal action.
NCAER Reports Indian Economy Stays Resilient Despite Global Uncertainties
Bank credit growth of scheduled commercial banks moderated both food and non-food, in June 2024, the report said. Personal loan credit growth and bank credit for the services sector has decelerated, it also said.
RBI Governor Das Prioritizes Global Expansion of UPI and RuPay
Das pointed out that Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and many others have made enough progress. He congratulated the NPCI and his colleagues in the Reserve Bank for what they have been able to achieve so far, but underlined that much more needs to be done in this national project.
Apple Set to Exceed $400 Billion in Global Revenue for the First Time in 2024: New Report
Hardware sales for Apple should grow 3% this year after revenue declined in 2023. Growth is expected to be supported by strong performances across all key hardware categories of the iPhone, iPad, Mac, Watch, and AirPods; the latter is where the fastest growth is expected.
US Private Banks Encouraged to Adopt UPI for Quicker Digital Payments: Fed Reserve Governor
Addressing the 'Global Fintech Fest' in the financial capital, he said that although the US does not have enough banks connected to make a full-service product, "we have some private banks which can connect to the UPI," and for this, "we first need to build a compelling value proposition for such an integration.
Nifty Soars to Record Highs, Driven by Leading IT Stocks
At 1.23 p.m., Sensex was trading up 233 points or 0.28 percent at 81,943 and Nifty up 84 points or 0.34 percent at 25,102.
PM Modi Celebrates 10 Years of Jan Dhan Yojana and Its Impact
"Today, we mark a momentous occasion – #10YearsOfJanDhan. Congratulations to all the beneficiaries and compliments to all those who worked to make this scheme a success," the prime minister said.
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