Search Results for: digital payment

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500. Oct 9, 2024
E-Commerce

Indian E-commerce Market Set to Soar to $325 Billion by 2030

The Indian e-commerce market is projected to reach $325 billion by 2030, driven by rural demand and a 21% CAGR. Retailers are adapting to omnichannel strategies and expanding in tier 2 and 3 cities, with growth also fueled by increased smartphone use and internet access. Oct 8, 2024
Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds

WazirX's $234M Cyber Heist: A Deep Dive into the Aftermath

The Indian cryptocurrency exchange WazirX has been hit by a colossal cyber theft, with losses amounting to a staggering Rs 2,000 crore (approximately $234 million). The incident, which transpired in July 2024, has left millions of users in a state of limbo as they anxiously await the refund of their digital assets. Oct 7, 2024
External Affairs Minister S. Jaishankar

AI's Impact Comparable to Nuclear Weapons: India's EAM

India's External Affairs Minister, Dr. S. Jaishankar, compared the potential dangers of AI to those of nuclear weapons. He highlighted the significance of demographics and connectivity as factors that will change the global order. Oct 6, 2024
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