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    • How off-the-book e-payments to government bodies open the door to huge scams

      The Prime Minister has constantly been reminding people that he wants to promote a cashless society. The theory is that with a more transparent transaction process, the country will grow stronger financially.

    • BHIM in trouble? App downloads plunge to less than a million in June

      The UPI (Unified Payment Interface) based app was aimed at facilitating e-payments through banks.

    • Hike rolls out India's first payment wallet within messaging platform

      E-payments have surged in India since a shock ban of high-value bank notes in November last year. Providers such as Paytm, backed by Alibaba and SoftBank Group, have rapidly increased their share of the market amid predictions it will jump nearly 10 times to $500 billion by 2020.

    • Budget 2017: E-payments, job creation to get a push, says Amitabh Kant

      The government will aim for an increase in consumption across the country and an uptick in the manufacturing activity, Niti Aayog chief Amitabh Kant says. For this government is going to announce many bold measures, he adds.

    • BHIM downloaded 3 mn times, top app in India: Kant

      Indigenous digital payments app BHIM has been downloaded 3 million times and enabled over 5 lakh transactions since its launch, Niti Aayog CEO Amitabh Kant said today.

    • E-payments: Paytm sets up 100-member team to educate merchants

      The demonetisation drive announced by PM Narendra Modi last month has turned out to be a boon for e-wallet firms who have reported multiple fold increase in the number of users as well as transactions on their platform.

    • Paytm faces service outage

      Users of e-payments company Paytm today faced difficulties in transacting through the app which the company said was due to some "technical" error.

    • E-wallets huddle up to offer secure systems for consumers

      According to a report by chipset maker Qualcomm e-wallets and mobile banking apps in India are not using hardware level security which can make online transactions more secure.

    • Demonetisation: Delhi registers 500% jump in cashless transactions

      Average frequency of cashless purchases by Indians has gone up from 1.5 times per week to 3 times per week within 40 days of demonetisation announcement.

    • Nucleus Software develops offline payment solution

      Nucleus Software launched the world's first offline digital cash solutions - PaySe - this year and MD & CEO Vishnu R Dusad says this system will connect rural areas for e-payments.

    • Demonetisation: PM's move will infuse a seismic shift in adoption of e-payments

      Analysts and economists have pointed out that this is a well-planned ‘Surgical Strike on Cash‘, which could lead to a significant evolution of India to a less cash-dependent country.

    • Gates meets Prasad; discusses digital inclusion, e-payments

      Microsoft founder and billionaire philanthropist Bill Gates today met IT Minister Ravi Shankar Prasad and discussed ways in which his Foundation could participate in areas such as digital inclusion, healthcare, e-agriculture and e-payments.

    • We hope to have our ATMs recalibrated by Nov 24-25: BoB

      Bank of Baroda's Q2 earnings beat estimates as slippages halved on a quarter-on-quarter basis. Speaking to CNBC-TV18 PS Jayakumar, MD & CEO of Bank of Baroda said that long-term impact in terms of use of e-payments would be positive.

    • TechProcess to treble transactions from edu sector in FY17

      Riding on the proliferation of high-charging private universities, e-payments platform TechProcess on June 22 said it is targeting to more than triple the gross transaction value (GTV) from educational institutions to Rs 500 crore in 2016-17.

    • Mobile payments to grow 200 fold in 7 yrs to $3k bn: BofA

      The report further said that by then mobile payments will form 10 percent of the total payments in India which was just 0.1 percent in financial year 2015.

    • RBI doubles PoS cash withdrawal to Rs 2,000 per day

      The RBI in July 2009 had allowed cash withdrawal at POS terminals for debit cards and subsequently in September 2013 this facility was extended to pre-paid cards issued by the banks.

    • PayMate India surpasses $500m in annual processing run rate

      PayMate India Pvt. Ltd., India's leading mobile and e-payments company, announced that it is now processing in excess of $500M in annualized payment processing run rate.

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