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Analysis Of Financial Technology And Its Latest Impact On Money Transactions

Sayani ChakrabortySeptember 20, 20220

Payment systems are being impacted by the technology transformation now taking place in the modern world. FinTech, short for "financial technology," is a term that refers to the ways in which new developments in this field are modernising outdated methods. The demands for digital banking, financial, and payment services have been pushed by the COVID-19 epidemic, just as digital technology has been and will continue to reshape payments, lending, insurance, banking, and more. The transition from brick-and-mortar banks to internet banking has had far-reaching effects on the ways in which consumers make purchases. This shift is being fueled by reasons including cheaper transaction processing, better security, and easier access to information via online banking and mobile apps. Payment alt...

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Tired Of Waiting In Long Railway Queues? Railways Started Automatic Ticket Vending Machine To Help You Out!!

Gunjan ChaudharyMay 26, 20220

If you too often travel by train, then this news is definitely of your use. A new facility for ticketing has been started by the Railways Ministry of India for the convenience of the passengers. With this, railway passengers will get rid of waiting in long queues to get tickets. Under the new facility of Railways, you will also be able to pay through digital transactions for the facilities available from Automatic Ticket Vending Machine (ATVM). Appeal To Pay Maximum In Digital Mode Under this scheme, you can pay in digital mode to get tickets, platform tickets and monthly passes from ATVM. Arrangements have been made for ATVMs and UPI and QR codes will be installed at many railway stations. You can also recharge ATVM smart card through this facility. On the occasion of starting this ...

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Automatic Ticket Vending Machines: Paytm Joins Hand With IRCTC For Buying Train Tickets Digitally

Aditi priya singhMarch 3, 20220

Paytm has partnered with the Indian Railway Catering and Tourism Corporation (IRCTC) to install Automatic Ticket Vending Machines (ATVM) at railway stations across the country. Indian Railways has come up with a facility to help train passengers to book tickets digitally through QR code scan on ticket vending machines. In an effort to promote cashless movement among railway passengers, digital payments platform Paytm on Thursday announced that it has partnered with the IRCTC to facilitate digital ticketing services to consumers through ATVMs. In the digital age, booking train tickets through railway counters can be a bit of a hassle and online booking through the official website of IRCTC is not possible for everyone. With this new ATVM facility, rail passengers will now b...

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“Ashneer Grover Resigns”-Know Some Facts…

Pooja YadavMarch 3, 20220

Co-founder and decision maker of BharatPe, Ashneer Grover, resigned from company, days after BharatPe terminated the services of his wife and head of controls, Madhuri Jain Grover, over alleged financial irregularities. Highlights Following the resignation of Ashneer Grover, company noted to reserves the proper to require action on the idea of report findings. Ashneer Grover resigned, after he received the agenda for upcoming meeting that included submission of PWC report on his conduct and considering actions supported it. BharatPe has been conducting a governance review. it's roped in risk advisory firm Alvarez and Marsal, business firm PwC and house Shardul Amarchand Mangaldas and Co, in a very bid to probe alleged funds misappropriation and company governance issues un...

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Nepal Becomes First To Adopt India’s UPI System

Pooja YadavFebruary 22, 20220

Nepal is the primary country to adopt India's UPI system, which played a pivotal role in transforming the digital economy of the neighbouring country. The National Payments Corporation of India (NPCI) said on Thursday, it'll revolutionalize the digital payment system in Nepal. UPI is a real-time payment system providing simplicity, safety and security in P2P and P2M transactions in India. In 2021, it enabled 3,900 crore financial transactions valuable USD 940 billion which is reminiscent of approximately 31% of India's GDP. According to some reports, UPI is estimated within the yr 2022, making it to cross $1 trillion in overall volumes for the present yr. The international arm of NPCI has joined hands with the gateway payments services and Manam infotech to supply the service...

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