digital payments
Jump to
195 Results Found
  • Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report Feb 26, 2021 09:40 AM IST

    Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report

    The consortium will submit its proposal to the Reserve Bank of India on February 26

  • NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report Feb 18, 2021 10:16 AM IST

    NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report

    AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.

  • PayPal to shut gateway and aggregator services in India, focus on cross-border business: Report Feb 05, 2021 08:51 AM IST

    PayPal to shut gateway and aggregator services in India, focus on cross-border business: Report

    The California-based digital payments company will undertake a restructuring exercise and from February 6, Indian merchant partners will be notified about plans to terminate contracts by April 1.

  • Small town India and freelancers will help Indian economy achieve the $5 trillion size: Report Jan 12, 2021 07:39 PM IST

    Small town India and freelancers will help Indian economy achieve the $5 trillion size: Report

    While COVID-19 caused digital payment volumes to decline by more than 30 percent in the first half of 2020, in the months between September and December, the volumes jumped 40 to 45 percent.

  • Why business payment processors are better off than their consumer facing counterparts Jan 12, 2021 03:00 PM IST

    Why business payment processors are better off than their consumer facing counterparts

    B2B payment companies such as Billdesk, Cashfree, Razorpay and PayU India scripted a solid FY20 performance, recording strong revenue growth while posting a profit or keeping losses within control. They are a sharp contrast to consumer facing payment entities such as Paytm and PhonePe, which are still haemorrhaging

  • Juspay appoints PwC, Verizon to audit its systems post breach Jan 07, 2021 08:11 PM IST

    Juspay appoints PwC, Verizon to audit its systems post breach

    The Bengaluru-based payments firm had suffered a massive breach back in August, when 3.5 crore masked card details were exposed in a hack and have been made public on the dark web. The incident came to light recently and has pushed the payments firm to undertake a proper forensic audit to ensure its systems are safe from future attacks.

  • Phi Commerce raises $4 million from Singapore VC Beenext, Yatra Angel Network Jan 07, 2021 11:47 AM IST

    Phi Commerce raises $4 million from Singapore VC Beenext, Yatra Angel Network

    Co-founder and CEO of the company Jose Thattil said the aim was to make transactions seem “invisible” and “eliminate friction in payments with 100 percent reliability”.

  • RBI launches Digital payments index to track transactions Jan 01, 2021 06:33 PM IST

    RBI launches Digital payments index to track transactions

    The RBI-DPI comprises five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.

  • Government extends deadline for FASTag toll collection till February 15 Dec 31, 2020 04:20 PM IST

    Government extends deadline for FASTag toll collection till February 15

    In a note to the National Highways Authority of India (NHAI), the Union ministry has said the NHAI can obtain any regulatory requirement needed for 100 percent payment through FASTags latest by February 15, 2021.

  • Regulatory sandbox: RBI names four more startups selected in first cohort Dec 24, 2020 09:02 PM IST

    Regulatory sandbox: RBI names four more startups selected in first cohort

    The RBI wants tech startups to innovate in the space of offline payments, which can push digital transactions in areas where internet connectivity is weak or absent.

  • PhonePe launches new voice notification feature for Business app in 9 languages Dec 22, 2020 04:55 PM IST

    PhonePe launches new voice notification feature for Business app in 9 languages

    The new voice confirmation will help merchants during peak business hours with a voice message announcing the amount received from a customer, without having to check the customer’s phone screen or waiting for a SMS.

  • PayU ties up with Google Pay to introduce tokenised payments flow for merchants Dec 18, 2020 04:41 PM IST

    PayU ties up with Google Pay to introduce tokenised payments flow for merchants

    Google Pay users will now get an option to pay a PayU merchant with their debit cards, credit cards, or Google Pay UPI without physically sharing their card details if they are making repeated payments.

  • NPCI enables offline payments for RuPay Contactless cards Dec 16, 2020 03:21 PM IST

    NPCI enables offline payments for RuPay Contactless cards

    NPCI is trying to popularise contactless payments beyond transit use cases among merchants as well. Now, with the limit being extended to Rs 5,000, contactless payments can be used for a wider range of services.

  • WhatsApp Pay goes live in India with four banks as partners Dec 16, 2020 12:29 PM IST

    WhatsApp Pay goes live in India with four banks as partners

    After being stuck in regulatory hurdles for more than two years, WhatsApp has finally gone live with its payments offering in India.

  • Indian entrepreneurs have once-in-a-lifetime opportunity to shape future of technology globally: Paytm CEO Vijay Shekhar Sharma Dec 15, 2020 06:34 PM IST

    Indian entrepreneurs have once-in-a-lifetime opportunity to shape future of technology globally: Paytm CEO Vijay Shekhar Sharma

    Paytm founder and CEO Vijay Shekhar Sharma said accelerating internet adoption has increased the need for tech-enabled tools in developing countries, which Indian market is well-placed to serve.

  • India Post Payments Bank's ‘DakPay’ app to boost financial inclusion, says Union Minister Ravi Shankar Prasad Dec 15, 2020 03:26 PM IST

    India Post Payments Bank's ‘DakPay’ app to boost financial inclusion, says Union Minister Ravi Shankar Prasad

    DakPay services include domestic money transfers and utility bill payments.

  • Bill Gates hails India's digital finance approach, calls it 'global model' Dec 08, 2020 04:21 PM IST

    Bill Gates hails India's digital finance approach, calls it 'global model'

    Gates praised India for building ambitious platforms for universal identification and digital payments which include the world’s largest biometric database and a system for sending rupees between any bank or smartphone app.

  • RBI Monetary Policy | Limit hike for contactless payments a big boost to industry Dec 04, 2020 02:28 PM IST

    RBI Monetary Policy | Limit hike for contactless payments a big boost to industry

    The digital payments industry is looking forward to a higher number of digital payments as more use cases on recurring payments will open up with the limit being extended to Rs 5,000 from Rs 2,000.

  • EXCLUSIVE | December nightmare unfolds for UPI users, transaction declines see a big jump Dec 03, 2020 10:26 AM IST

    EXCLUSIVE | December nightmare unfolds for UPI users, transaction declines see a big jump

    Industry experts say banks were not prepared for an 83 percent jump in UPI payments within the last five months. Their server capacity and back-end systems need to be upgraded to be able to handle this massive load.

  • UPI grows to 2 billion transactions in October, riding festive sales and rapid digitisation adoption Nov 02, 2020 03:55 PM IST

    UPI grows to 2 billion transactions in October, riding festive sales and rapid digitisation adoption

    Many new use cases are pushing UPI payments rapidly, from usage in fantasy gaming to bill payments and payments for services consumed online because of Covid19.

  • Explained | Mobile wallet payments to get simpler with interoperable QR codes Oct 31, 2020 11:18 AM IST

    Explained | Mobile wallet payments to get simpler with interoperable QR codes

    RBI's new restriction on proprietary is a big push towards making India a cashless economy.

  • As UPI grows leaps and bounds, transaction failures increase, too Oct 29, 2020 08:26 AM IST

    As UPI grows leaps and bounds, transaction failures increase, too

    Large banks which process almost all the UPI transactions in the country are facing issues managing the scale at which UPI volumes are growing, say sources, this has caused transaction failures to jump over the last few months.

  • Google acting like a government, slapping tax on app developers: Paytm CEO Vijay Shekhar Sharma Oct 05, 2020 06:43 PM IST

    Google acting like a government, slapping tax on app developers: Paytm CEO Vijay Shekhar Sharma

    The Paytm founder also claimed that the tech giant was not abiding by Indian laws and its actions are in violation of India's sovereignty. He also appealed to Indian start-ups to come together and stand against the "giant gorilla".

  • The changing language of finance Sep 20, 2020 12:06 PM IST

    The changing language of finance

    Financial organisations have always welcomed new technologies as they are in the business of exchanging information. Now, in addition to the benefits from using technology, they will have to learn how to talk in technological terms

  • Financial frauds rising due to dependence on digital payment platforms: NSA Ajit Doval Sep 19, 2020 11:07 AM IST

    Financial frauds rising due to dependence on digital payment platforms: NSA Ajit Doval

    National Security Adviser (NSA) Ajit Doval said there was a 500 percent increase in cyber crimes due to limited awareness and cyber hygiene.

Sections