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
Spanish policeman killed in Kabul attack
MADRID (TIP): A Spanish policeman was killed in an attack near the country’s embassy in Kabul on Friday, prime minister Mariano Rajoy said in a statement on his party’s Twitter account. Rajoy had said earlier […]
India
Defence Expo 2022: India targeting $5 billion exports by 2025, says Rajnath
Ahmedabad (TIP)- India has set a target to achieve defence exports worth $5 billion and an overall turnover of $22 billion in production by 2025, defence minister Rajnath Singh said on Thursday, October 20. The […]
Breaking News
Russian President Putin talks about India’s growth; says such countries must be represented in UN Security Council
MOSCOW (TIP): Heaping praise on India, Russian President Vladimir Putin has said that the Indian leadership is “self-directed” and led by the country’s national interests, according to Reuters. Speaking at an event, Putin alleged that […]
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