India is better than most of the world in the adoption of Fintech or automated financial services. “India’s adoption rate is 87 per cent as against the global average rate of 64 per cent, which establishes the fact that India is a prime destination for digital payments and activities,” said Union Finance Minister Nirmala Sitharaman. Digital payments have seen a tremendous growth from Rs 2 lakh crore worth of digital transactions in 2019 to Rs 4 lakh crore in 2020. January to August 2021 saw further momentum, clocking Rs 6 lakh crore worth of digital transactions.
Asia
Six people missing in Nepal while picking precious Himalayan herb
KATHMANDU (TIP): At least six people, including two women, have gone missing in Nepal while picking up a precious Himalayan herb meant for vitality, as avalanches struck two remote mountainous regions of the country, police […]
Hinduism
Basant Panchami
The Indian festival of Basant Panchami, also known as Saraswati Puja, marks the beginning of the spring festival. The festival typically takes place between the end of January and the beginning of February. This year, […]
World
Russia says it thwarted Ukrainian missile strike in Kaluga, drones destroyed off Crimea
MOSCOW (TIP): Air defences thwarted a Ukrainian missile attack in the Kaluga region southwest of Moscow and several drones were destroyed off Crimea, Russian authorities said on August 25, with no reports of damage or […]
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