SBI Research deems the withdrawal of Rs 2,000 notes a non-event, as India's digital payments ecosystem is robust.

SBI Research stated in its most recent Ecowrap that the withdrawal of Rs 2,000 banknotes is likely to be a non-event because India has adopted digital payments on a massive scale.

India has been experiencing new milestones in digital payments, both in terms of value and volume, which de...

New laws for digital wallets like Google pay, Apple pay and WeChat Pay by the Australian government

Highlights

• These digital wallets have become hugely popular in the recent years
• Digital wallets have grown from 2% in 2016 to 8% in 2019

Tech giants like Apple and alphabet’s Google are facing new rules and regulations by the A...

AMBANI TO PARTNER WITH FACEBOOK AND GOOGLE

HIGHLIGHTS

• Mukesh Ambani is going to forge a partnership with Facebook and Google.
• Three partners seek to obtain a license to enter India’s digital payments business.

Reliance Industries Ltd., led by Asia’s richest man Mu...

UBS MAY INVEST $400 MILLION IN INDIA'S PAYTM

HIGHLIGHTS

• UBS Group might be planning to invest $400 million in Paytm.
• Paytm is owned by Ant Group of India.

According to some media reports, UBS Group may invest $400 million in Paytm, which is owned by India-based Ant Group. With ...

Bakong: The Easy Way to Bank in Cambodia!

Bakong is the new cryptocurrency launched by the National Bank of Cambodia [ NBC] that will be available to the users of 11 banks that NBC has listed to be partnered with for this national digital payments gateway. The digital currency is expected to hit the market by the end of this financial qu...