Search results
Results From The WOW.Com Content Network
The Reserve Bank of India started a pilot for the e-rupee, devised as a digital alternative to physical cash, in December 2022, and successfully reached a target of 1 million retail transactions ...
With UPI representing 62% of digital payment transactions in FY 2022–2023, it has been the primary driver of the overall development of digital payment transactions in India. [105] In January 2024, the value of UPI transactions reached ₹18.41 trillion, a slight increase of 1% from ₹18.23 trillion in December 2023. From 12.02 billion in ...
As of 2023 there are 907.4 million internet users in India (64% of the population), a 35% increase since 2018. [3] 63% payments still being made in cash. E-payments have been heavily promoted in India showing consumers the various ways they can make these payments Including ATMs, the Internet, mobile phones and drop boxes.
There were 2.2 billion UPI transactions in October with Google, WhatsApp, Walmart and Amazon fueling India's digital payment space. But the usage of cash has witnessed an "abnormal rise."
On 1 November 2022, RBI used Digital Rupee to settle Indian government bonds in secondary market transactions worth ₹2.75 billion Indian rupees ($33.29 million). [52] The Phase-1 of pilot project for e₹-R will start from 1 December 2022 in Mumbai, New Delhi, Bengaluru, and Bhubaneswar under State Bank of India, ICICI Bank, Yes Bank, and ...
As of 2023, Namma Yatri has over 1.7 lakh drivers on board and 40 lakh riders who had reserved 20 million rides using the application. [156] On 18 December 2023, the Hyderabad Auto & Taxi Drivers Association announced the release of a new ride-hailing app supported by ONDC protocols.
Digital Rights Year Ref. 1 Kalki 2898 AD: Netflix / Amazon Prime Video ₹375 crore 2024 [8] 2 KGF: Chapter 2: Amazon Prime Video ₹320 crore 2022 [9] 3 RRR: Zee5 / Netflix/ Disney+ Hotstar ₹300 crore 2022 [10] 4 Pushpa 2: The Rule: Netflix ₹275 crore 2024 [11] 5 Salaar: Part 1 – Ceasefire: Netflix / Disney+Hotstar ₹250 crore 2023 ...
The e-commerce in India was $147.3 billion in 2024, with 18.7% CAGR through to 2028 which will be further fueled by the technology innovations (5G & 6G based higher internet speed, AI and ML based hyper-personalized shopping experience, immersive AR and VR virtual try-ons and virtual stores, blockchain based enhanced supply chain transparency and increased trust among consumers), cheaper data ...