rapipay

Hinterland remittances turn the corner

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Hinterland remittances turn the corner

PayPoint processed domestic remittances worth Rs 450 crore in June, down by almost 40 per cent in April. It had processed domestic fund transfers of more than Rs 500 crore in March 2020. Synopsis India processes roughly Rs 12,000 crore to Rs 14,000 crore in monthly remittances internally. Remittance players said that with migrant labour … Read more

Aadhar payment systems gathers steam, trumps ATM withdrawals

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Aadhar payment systems gathers steam, trumps ATM withdrawals

MUMBAI: The Covid-19 pandemic has led to a surge in the adoption of cash withdrawals through Aadhar-enabled Payment Systems (AePS) that have doubled since last year, replacing the age-old dependence on teller machines where transactions halved in the same period. With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in … Read more