Poging GOUD - Vrij

Digital Payments: The Road Ahead

BUSINESS ECONOMICS

|

August 1 - 31, 2022

The digital payment infrastructure in India has leapfrogged to a stupendous height.

- Saptarshi Roy Bardhan

Digital Payments: The Road Ahead

It all began in the 1990s when the Reserve Bank of India (RBI) spearheaded the development of technological infrastructure that facilitated the creation of a payment and settlement ecosystem. In 2007, the Indian parliament passed the Payment and Settlement Systems Act, after which RBI released a series of vision documents for the periods of 2009-12, 2012-15, and 2015-18. These papers were supplemented by initiatives to promote wider acceptance and deeper penetration of electronic payments in India.

The real big push for digital payment came after the demonetisation in 2016. In the Unified Payment Interface (UPI), the flagship digital payment platform, which was launched in 2016, transactions have been growing month on month. It crossed 1 billion transactions for the first time in October 2019, almost three years after its launch. And, the next billion came in under a year, in October 2020. In the next 10 months i.e. in August 2021, UPI processed 3 billion transactions. And, it took only three months for the payments platform to reach 4 billion transactions per month. Add to it, the positive traction received from measures like the introduction of Real Time Gross Settlement (RTGS) in 2004, National Electronic Funds Transfer (NEFT) in 2005 and Immediate Payment Services (IMPS) in 2010 in expanding payment digitisation.

MEER VERHALEN VAN BUSINESS ECONOMICS

BUSINESS ECONOMICS

BUSINESS ECONOMICS

A Glut of Crops After Diwali: Farmers Face Price Pressure Amid Surplus Stocks

A glut situation has emerged in the post-Diwali period, with foodgrain stocks reaching exceptionally high levels.

time to read

2 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

CHHATH PUJA: WORSHIP OF THE SUN GOD

Continuing a sacred tradition that has existed since time immemorial, devotees across regions gathered to pay obeisance to the Sun — it was Chhath Puja.

time to read

2 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

India-Afganistan tie-up is good diplomacy, good business

The real reason behind Trump's call to regain Afganistan’s airbase is not just its strategic closeness to China, but the $3 trillion worth of rare earth deposits of the country. Describing his predecessor Biden's decision to withdraw US troops from Afganistan as a 'disaster', Trump threatened Afganistan by saying 'bad things are going to happen' if it does not hand over the Bagram airfield, 'one of the biggest air bases in the world' built by the US there.

time to read

2 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Indian women's historic first ICC World Cup victory cemented their economic credibility

Harmanpreet Kaur's Indian women's cricket team made history on 2nd November, 2025, at the DY Patil Sports Academy in Navi Mumbai.

time to read

3 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

Translation in the Global Linguistic Landscape

Language plays a central role in all aspects of human connection — introduction, cooperation, harmony, exchange of thoughts and feelings, development of knowledge, preservation of values and traditions, reasoning, dialogue, and so on. What would be the significance of human life without a language? What meaning would life hold without it? We all know the answer.

time to read

3 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

Charting the Blue Economy: India's Next Growth Wave

India is becoming a major maritime power and is being recognised as a reliable and responsible partner—ready to play the role of a steady lighthouse for the world.” Prime Minister Narendra Modi, India Maritime Week 2025

time to read

4 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

The Tea Industry must address climate vulnerability, price realization, and regulation of small growers

India's tea industry today stands at a crossroads.

time to read

3 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Lopamudra: The Rishika-Rishi Queen of the Vedas

The Rishika-Rishi-Tradition was an excellent, unique and dedicated order in Indian knowledge-philosophy. Its chief purpose was to pave the way for greater human welfare through their knowledgeable and duty-bound disciples. Both learned women and men were associated with this tradition. They devoted their entire lives to the transfer of knowledge to their disciples with complete selflessness and sacrificing personal comfort for society and the nation. Undoubtedly, they played a very important role in social and national development.

time to read

3 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Power Sector Reform: Draft electricity (Amendment) bill, 2025, to boost efficiency

On October 9, 2025, the Ministry of Power released the Draft Electricity (Amendment) Bill, 2025, seeking feedback from stakeholders, including State Governments.

time to read

3 mins

November 01 - 30, 2025

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Reputation resilience today is less about crisis management and more about trust-building

Dhruv Bhalla, Head-Corporate Affairs, Kanoria Foundation, shares insights on authenticity, purpose, and building brand resilience in a digital era.

time to read

3 mins

November 01 - 30, 2025

Translate

Share

-
+

Change font size