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Digital Wallet

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  • What is UPI Lite? February 16, 2023 08:36 PM IST

    What is UPI Lite?

  • What is a digital wallet? February 14, 2023 02:28 PM IST

    What is a digital wallet?

  • With e₹, India joins the CBDC bandwagon October 10, 2022 08:36 AM IST

    With e₹, India joins the CBDC bandwagon

    The CBDCs can help in reducing operational costs in physical cash management, foster financial inclusion, and bring further innovation in the payments system without risks

  • Meta to shut down digital wallet Novi amid crypto crash July 03, 2022 05:02 PM IST

    Meta to shut down digital wallet Novi amid crypto crash

    The digital wallet didn't even last a year but Meta says it will introduce new products such as digital collectibles

  • UPI servers restored after brief outage January 09, 2022 06:10 PM IST

    UPI servers restored after brief outage

    "UPI is operational now, and we are monitoring system closely," the National Payments Corporation of India (NPCI) said.

  • RBI expands digital wallet limit to Rs 2 lakh, allows interoperability of Prepaid Payment Instruments April 08, 2021 01:36 PM IST

    RBI expands digital wallet limit to Rs 2 lakh, allows interoperability of Prepaid Payment Instruments

    Money transfer facilities such as NEFT and RTGS have also been extended to non-bank payment system operators such as Paytm, PhonePe and others

  • Mobikwik plans IPO before September 2021 to raise $200-250 million March 22, 2021 03:13 PM IST

    Mobikwik plans IPO before September 2021 to raise $200-250 million

    The payments startup is targeting to file for the draft IPO prospectus by May 2021 that may valve the firm at more than $1 billion. It is willing to hold a pre-IPO funding round, which may give it a valuation of about $700 million, a Bloomberg report has said.

  • Uber pares back digital wallet ambitions, head of unit quits: Report June 26, 2020 09:44 AM IST

    Uber pares back digital wallet ambitions, head of unit quits: Report

    Chief Executive Officer Dara Khosrowshahi said in the email that Uber will "deprioritize" several of its finance-related projects, which included credit cards, a digital wallet and instant payments for drivers, the report on Thursday added.

  • WhatsApp Pay could change digital payments landscapes in India and globally February 14, 2020 09:24 AM IST

    WhatsApp Pay could change digital payments landscapes in India and globally

    WhatsApp’s acceptance and popularity among Indians is a key advantage for its payment offering Whatsapp Pay

  • Mumbai woman makes call to make dinner booking, ends up losing Rs 85,000 November 08, 2019 08:20 PM IST

    Mumbai woman makes call to make dinner booking, ends up losing Rs 85,000

    One of the scammers, who identified himself as Deepak Mishra, claimed to be a staff of the restaurant, and way led the unsuspecting callers

  • Buy, sell or wind up – small digital payments firms face harsh reality October 25, 2019 01:09 PM IST

    Buy, sell or wind up – small digital payments firms face harsh reality

    Consolidation is unavoidable in India's payments space. Smaller firms like MobiKwik will struggle because India’s digital payments business is still dominated by cashback offers.

  • Wallet Wars | It may be too early to rejoice in PhonePe’s valuation October 22, 2019 09:20 AM IST

    Wallet Wars | It may be too early to rejoice in PhonePe’s valuation

    Walmart has truly unlocked value in PhonePe. But its success as a spin-off solely depends on how much money it manages to raise from investors, including Walmart, and for how long.

  • Amazon pumps in additional Rs 230 cr in Amazon Pay July 20, 2018 04:48 PM IST

    Amazon pumps in additional Rs 230 cr in Amazon Pay

    In its fourth investment in two years, Amazon has pumped in Rs 230 crore or $34 million into its Indian digital payments arm

  • Messaging app Hike integrates payments, launches wallet June 20, 2017 07:26 PM IST

    Messaging app Hike integrates payments, launches wallet

    It will offer features such as bank-to-bank, wallet-to-wallet money transfer and mobile recharge options right from the app itself.

  • Idea Money, Shopclues partner to sell products offline April 11, 2017 08:54 AM IST

    Idea Money, Shopclues partner to sell products offline

    "Idea Money has partnered with ShopClues to sell products through its Retailer Assisted Model (RAM) via local retailers. The partnership will help millions of on ground customers who may not have access to the internet, to make easy, convenient and secure purchase transactions," Idea Money and ShopClues said in a joint statement.

  • Mobile wallet cos don't have profitable models, says Aditya Puri February 18, 2017 01:16 PM IST

    Mobile wallet cos don't have profitable models, says Aditya Puri

    HDFC Bank Managing Director Aditya Puri on Friday criticised mobile wallet players as they operate on models that are not profitable.

  • Idea Money launches USSD-based platform for digital payments February 10, 2017 10:16 AM IST

    Idea Money launches USSD-based platform for digital payments

    While smartphone penetration is increasing in the country, there is a vast majority of mobile users who don't have access to Internet and still operate on feature phones. In this scenario, USSD based transactions become crucial in enabling digital payments.

  • Aditya Birla Idea Payments Bank to launch in H1 2017 December 29, 2016 09:37 PM IST

    Aditya Birla Idea Payments Bank to launch in H1 2017

    After Airtel, Aditya Birla Idea Payments Bank is set to launch its services in the first half of 2017.

  • E-wallets may drop bank transfer charges December 07, 2016 01:11 PM IST

    E-wallets may drop bank transfer charges

    According to a report in DNA, e-wallet companies charge customers when they transfer money from their wallet to banks. The fee ranges from 1-3 percent. The charges are for non-KYC users. Wallet biggies are taking steps to waive them off.

  • Sebi may allow investments in mutual funds via digital wallet December 05, 2016 08:08 PM IST

    Sebi may allow investments in mutual funds via digital wallet

    Markets watchdog Sebi is looking to allow investors to buy mutual funds through digital wallets in the wake of the government's plan of boosting digital transactions.

  • Digital wallets: Are they likely to be regulated? March 28, 2016 06:23 PM IST

    Digital wallets: Are they likely to be regulated?

    Before treading the digital wallet path, a user should know why or for what purpose he is using the e-wallet and choose the right one.

  • Oxigen, Visa, Zazoo partner for virtual debit card January 13, 2016 10:26 PM IST

    Oxigen, Visa, Zazoo partner for virtual debit card

    "There are lot of people who are unable to transact online because they don't have a debit or credit card. Through this partnership, we are enabling Oxigen wallet to generate a virtual Visa pre-paid card whenever they want an online transaction," Oxigen Services Chairman and Managing Director Pramod Saxena told agency.

  • Visa has no plans to impose digital wallet fee now March 22, 2013 01:03 PM IST

    Visa has no plans to impose digital wallet fee now

    Visa Inc has no plans to implement a "digital wallet" fee at this point, Jim McCarthy, global head of product at the payment network, said on Thursday.

  • Smart travel: The new 'IT' thing March 20, 2013 05:45 PM IST

    Smart travel: The new 'IT' thing

    Smart IT is driving modifications in every step of our travel: From the way we plan it, to the way we go through it, and what we do after it. The pace of innovation is frenetic. Here‘s a quick sampler of changes in progress.

  • EBay hit over PayPal digital wallet fee March 19, 2013 10:50 AM IST

    EBay hit over PayPal digital wallet fee

    EBay Inc shares hit a new low for 2013 on Monday as concern mounted about the impact of a new "digital wallet" fee on the company's PayPal business.