Digital payments articles
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RBI digital payments: Track fishy transactions, RBI tells payment firms
The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know.In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund poll candidates.ET has seen a copy of the letter.“The regulator wants payment companies to track...
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Amarillo City Transit to begin offering digital payment options
Amarillo City officials announced that the Amarillo City Transit will be offering digital payment option to customers.
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Digital payments are becoming increasingly popular on King’s Day
Digital payments are becoming increasingly popular on King’s Day, especially when buying a beer or paying to use a toilet. Last year, 30 percent more Tikkie transactions were made on the national holiday, compared to 2022.The number of Tikkie payments on King’s Day last year was six times higher than on a normal day. On average, residents of the Netherlands paid approximately 13 euros for their King’s Day purchases via Tikkie. About 13 percent of the amounts were above 25 euros.