-The Times of India NEW DELHI: After an initial target of six crore rural and 1.5 crore urban households, the Jan Dhan scheme for the unbanked has touched 33.5 crore accounts of which 25.6 crore are “operative” while the deposits in the accounts add up to a substantial 85,494 crore. With the government’s focus shifting from “every household” to “every unbanked adult”, the PM Jan Dhan Yojana is offering an enhanced overdraft...

-The Hindu Business Line Home-grown payment systems corner over 60% of digital transactions New Delhi: India’s own Bharat Interface for Money (BHIM) and RuPay cards have garnered over 60 per cent market share of the digital transactions business, pushing back global giants such as Mastercard and Visa. BHIM is a UPI-based payment interface that allows real-time fund transfer using a single identity, typically a mobile number or a name. Unified Payments Interface (UPI)...

-Newsclick.in Crucial elements of the data on Jan Dhan Yojana have been removed from the government website. This gives rise to many questions. On 15 August 2014, Prime Minister Narendra Modi launched the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme with the claimed objective of nation-wide financial inclusion. In his speech, he stated that the initiative was aimed at eradicating ‘financial untouchability’ by opening at least one bank account per household in...

Paytm's founder Vijay Shekhar Sharma was in the news recently for signing a deal to purchase a Rs. 82 crore worth property in Lutyens’ Delhi. He is credited with the growth of Paytm's mobile wallet services, which is currently being used by over 220 million users across the country. Although Paytm was launched in 2010, the popularity of its mobile wallet services and payment gateway among the ordinary citizens grew...

-The Telegraph New Delhi: A nationwide network of farmers today dubbed the demonetisation exercise "the most hurtful scheme since independence" and claimed that Prime Minister Narendra Modi's pledges for the agriculture sector announced on December 31 were "a rehash of what already exists". The network of farmers' associations and representatives from across the country said in a letter sent to the Prime Minister that the demonetisation move had shown a "dismaying disregard"...