Moneycontrol PRO
Open App
digital payments
Jump to
  • Infibeam Avenues consolidates digital payments business in 4 countries with its CCAvenue brand Sep 23, 2022 07:33 PM IST

    Infibeam Avenues consolidates digital payments business in 4 countries with its CCAvenue brand

    The firm intends to expand its global presence in the digital payments market by aggressively promoting its flagship brand CCAvenue, provider of digital payment gateway infrastructure in India with an annual run-rate of Rs 3.9 lakh crore.

  • Distortions in digital market needs to be corrected promptly: CCI Sep 17, 2022 07:43 PM IST

    Distortions in digital market needs to be corrected promptly: CCI

    India is quickly becoming one of the largest and fastest-growing digital economies, thus any market distortions must be quickly fixed, according to Ashok Kumar Gupta, chairman of the Competition Commission of India.

  • Companies have sought access to UPI data, says RBI Deputy Governor Rabi Sankar Sep 12, 2022 08:29 PM IST

    Companies have sought access to UPI data, says RBI Deputy Governor Rabi Sankar

    Access to UPI data could allow payments companies to construct targeted financial products. However, legislation on data privacy is crucial, the central banker said.

  • Qatar central bank issues first license for digital payments Aug 30, 2022 01:22 PM IST

    Qatar central bank issues first license for digital payments

    Qatar's central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.

  • Keeping UPI free is becoming an expensive affair Aug 25, 2022 11:54 AM IST

    Keeping UPI free is becoming an expensive affair

    UPI’s runaway popularity is making it an expensive digital public good. The government has said it will remain free, but for how long?

  • Why SBI Cards is an 'avoid' despite strong earnings Aug 23, 2022 01:34 PM IST

    Why SBI Cards is an 'avoid' despite strong earnings

    Past perfect, present tense and future is highly uncertain for SBI Cards

  • Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report Jul 28, 2022 04:40 PM IST

    Credit cards not dying despite stagnating spends, BNPL to be a Rs 2 lakh crore market: Report

    For the next five years, CLSA expects credit card spends to grow at a compound annual growth rate (CAGR) of 19 percent, down from the 24 percent CAGR in the past five years. The stagnation will come from companies tapping customers from smaller towns and cities where per capita consumption is lower.

  • Digital payments record 29% annual growth at March-end 2022: RBI data Jul 27, 2022 08:19 PM IST

    Digital payments record 29% annual growth at March-end 2022: RBI data

    The RBI-DPI comprises 5 broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods.

  • IPO-bound Pine Labs acquires fintech infra startup Setu for $70-75 million Jun 23, 2022 01:03 PM IST

    IPO-bound Pine Labs acquires fintech infra startup Setu for $70-75 million

    Setu offers open APIs across four categories—data, payments, investments, and lending. The company's founders will continue to lead the firm and brand name and the team of Setu will be retained.

  • Affle Global is now majority shareholder in IndusOS, PhonePe's acquisition plan in doubt Jun 12, 2022 01:34 PM IST

    Affle Global is now majority shareholder in IndusOS, PhonePe's acquisition plan in doubt

    Affle Global acquires an additional 13.09 percent stake in IndusOS from Samsung Ventures and says it plans to remain a long-term investor in the app discovery platform

  • Banks upbeat on credit card- UPI linkage, await clarity on MDR charges Jun 10, 2022 06:44 PM IST

    Banks upbeat on credit card- UPI linkage, await clarity on MDR charges

    To boost online transactions in the economy, the Reserve Bank of India has allowed banks to link credit cards with the Unified Payment Interface.

  • Decoding digital payments in India: A US$10 trillion opportunity Jun 10, 2022 12:16 PM IST

    Decoding digital payments in India: A US$10 trillion opportunity

    Partnered Post: As part of the PhonePe Beat of Progress powered by Moneycontrol, listen to Moneycontrol’s Chandra Srikanth in discussion with an esteemed panel on Decoding Digital Payments In India: A US$10 Trillion Opportunity.

  • How digital payments will grow to $10 trillion Jun 10, 2022 12:10 PM IST

    How digital payments will grow to $10 trillion

  • Credit cards on UPI opens up a host of possibilities, but leaves many questions unanswered Jun 09, 2022 12:05 PM IST

    Credit cards on UPI opens up a host of possibilities, but leaves many questions unanswered

    The payments industry is awaiting clarification on how the pricing of such an arrangement will work. From the look of it, many see this as advantageous for RuPay.

  • In six charts: Cash is king but not for much longer; digital payments are turning a corner Jun 06, 2022 07:52 PM IST

    In six charts: Cash is king but not for much longer; digital payments are turning a corner

    Unit economics of payment platforms set to improve, according to a Jefferies report

  • Non-cash payments' share to grow to 65% of all transactions by 2026 from current 40%: Report Jun 02, 2022 06:12 PM IST

    Non-cash payments' share to grow to 65% of all transactions by 2026 from current 40%: Report

    The report -- which comes amid a rapid rise in unified payments interface (UPI) since the onset of the COVID-19 pandemic over two years ago -- also said that the digital payments industry will be USD 10 trillion opportunities by 2026 against USD 3 trillion at present.

  • CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor Jun 02, 2022 05:40 PM IST

    CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor

    The Indian central bank's latest salvo against private cryptocurrencies comes ahead of the release of the government's consultation paper on crypto.

  • Indian digital payments industry to more than triple to $10 trillion by 2026: Report Jun 02, 2022 01:23 PM IST

    Indian digital payments industry to more than triple to $10 trillion by 2026: Report

    The growth in digital payments over the next five years will be fuelled by increased merchant adoption, according to the report by PhonePe and the Boston Consulting Group.

  • Payment disruption fears linger as deadline nears for merchants to delete customer card data May 20, 2022 10:02 AM IST

    Payment disruption fears linger as deadline nears for merchants to delete customer card data

    Merchants and other entities are worried that card networks will not be ready to seamlessly implement an alternative by the June 30 deadline

  • UPI hits record high transactions worth nearly Rs 10 trillion in April May 02, 2022 09:19 AM IST

    UPI hits record high transactions worth nearly Rs 10 trillion in April

    Since its inception in 2016, UPI has witnessed massive acceptance, which has been spurred by the outbreak of COVID-19 pandemic

  • UPI to stay on top; BNPL, digi currency to spur digital payments growth in next 5 years: Report Apr 17, 2022 01:58 PM IST

    UPI to stay on top; BNPL, digi currency to spur digital payments growth in next 5 years: Report

    Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank Digital Currency (CBDC) and offline payments will drive growth of digital payments in India in the next five years, PwC India said in a report.

  • Explained | WhatsApp gets additional 60 million UPI users; five takeaways Apr 14, 2022 02:00 PM IST

    Explained | WhatsApp gets additional 60 million UPI users; five takeaways

    While WhatsApp has been pushing for an increase in user cap, NPCI wanted to increase this in a phased manner so that the payment system is not overwhelmed.

  • PhonePe, Affle and Ventureast Fund opt for out-of-court settlement in IndusOS acquisition case Apr 13, 2022 10:52 PM IST

    PhonePe, Affle and Ventureast Fund opt for out-of-court settlement in IndusOS acquisition case

    The court tussle began when PhonePe was close to acquiring IndusOS in May 2021. The acquisition was set to take place at a valuation of $60 million.

  • BharatPe puts behind Ashneer Grover episode, posts record growth Apr 10, 2022 01:26 PM IST

    BharatPe puts behind Ashneer Grover episode, posts record growth

    New Delhi, Apr 10 Putting behind the controversy around its co-founder Ashneer Grover, fintech startup BharatPe has posted record growth in the fis..

  • UPI reaches a watershed moment with digital transaction value shooting past $1-trillion mark in FY22 Mar 31, 2022 07:32 AM IST

    UPI reaches a watershed moment with digital transaction value shooting past $1-trillion mark in FY22

    The payments system crossed the 500-crore mark in volumes for the first time in March

Sections
ISO 27001 - BSI Assurance Mark