Aug 02, 2021 03:12 PM IST
PM Narendra Modi will inaugurate a new digital payment, e-RUPI, on August 2 via video conferencing. e-RUPI is a cashless and contactless medium for digital payment. Here's everything you need to know about it.
- Jun 02, 2021 05:56 PM IST
PhonePe reported 125 million monthly active users (MAU) and an annualized TPV run-rate of over USD $390 billion in May this year,
- Mar 09, 2021 05:33 PM IST
With this PoS application, a merchant will be able to accept payments through a debit or credit card just like a normal EDC machine - by tapping the card on the back of their smartphones.
- Feb 18, 2021 10:57 PM IST
The provisions of these directions would apply to the Regulated Entities (REs)– Scheduled Commercial Banks, Small Finance Banks, Payments Banks; and Credit card issuing NBFCs.
- Feb 18, 2021 02:35 PM IST
Almost 60 lakh FASTag transactions were reported on February 17, which is 16 percent higher than last week.
- Jan 12, 2021 04:31 PM IST
The growth was a direct result of the government's various relief funds disbursed to support people during the pandemic and primarily led by rural and semi-urban areas, which witnessed a growth of 61 percent and 60 percent in transaction volumes, says PayNearby's Pan-India report titled ‘Retail-O-Nomics.
- Jan 11, 2021 10:31 AM IST
The proposal includes “discounted MDR on RuPay to make it competitive with Visa and Mastercard” bank cards, and flat, “slab-based MDR on UPI transactions.”
- Dec 30, 2020 12:11 PM IST
While almost every payment mode suffered a fall during April and started picking up in the second half of the year, exception was RuPay cards for PoS transactions at offline merchants, which are still below pre-Covid numbers and UPI on the other end which grew strongly over the last few months.
- Dec 18, 2020 10:10 PM IST
RazorpayX (its neo-banking platform) has partnered with Plum and ICICI Lombard and will offer health insurance to companies with teams as small as two employees.
- Dec 07, 2020 10:36 PM IST
PhonePe has emerged to be the largest platform for buying 'digital gold' with over 35 per cent market share. So far, customers from over 18,500 pin codes across India have bought gold on PhonePe, mainly from small towns and cities.
- Nov 07, 2020 09:54 PM IST
All four-wheelers or M and N category of motor vehicles sold before December 2017 will have to opt for FASTags from January 1, 2021, onwards
- Sep 01, 2020 01:53 PM IST
While a segment of bankers is in favour of charges, experts say players need to find alternatives and not charge customers for digital transactions to encourage a shift away from cash. Payments startups, too, want the transactions to be free of cost.
- Aug 26, 2020 11:22 AM IST
It’s a win-win situation. Customers are keen on contactless transactions for the sake of safety and local grocers are now accepting digital payments for the same reason. And that has taken the volume and value of digital transactions to new highs during the lockdown.
- Aug 23, 2020 06:15 PM IST
The country's digital payment market was worth around Rs 2,162 trillion in 2019-20, RedSeer Consulting said in its report.
- Jul 18, 2020 08:30 AM IST
While regulations may imply safeguards, it is up to the industry players to instil and increase stakeholders’ confidence in the growth story of the FinTech and payments industry
- Jun 04, 2020 05:21 PM IST
As mobile technology evolves, more and more consumers are expected to use alternate payment methods to shop.
- May 27, 2020 02:59 PM IST
Sources say that NPCI is working on the product and could go live with select banks in the next couple of months.
- Mar 30, 2020 07:33 PM IST
Surprisingly, only around one in three SEA consumers consider loyalty rewards to be an important factor in choosing an online shopping destination.
- Mar 03, 2020 03:55 PM IST
Immediate Payment Service (IMPS) transactions have been on the decline in the meantime.
- Feb 06, 2020 06:19 PM IST
It would act as a benchmark for measuring the penetration of various digital payment modes in the country
- Jan 01, 2020 09:09 AM IST
This will be applicable to companies with an annual turnover of more than Rs 50 crore
- Dec 24, 2019 07:47 PM IST
In the day and age when data breaches are everyday occurrences, here are the measures that online payment gateways and merchants can take to increase consumer confidence in digital transactions.
- Dec 20, 2019 08:53 AM IST
With loans being linked with repo-rate, when interest rates decline, your loan rate will also decrease correspondingly
- Nov 08, 2019 03:57 PM IST
Using digital methods for payments was a compulsion after demo, but has now become a habit for many
- Oct 30, 2019 08:22 AM IST
The RuPay card is a first-of-its-kind Indian domestic Debit and Credit Card payment network, with acceptance at ATMs, POS devices and e-commerce websites. It was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.