Apr 15, 2021 08:35 AM IST
PhonePe’s payments rival Paytm has already received its stockbroking license from SEBI and sources told the paper there are “at least two more fintech companies with plans to enter stock broking.”
- Mar 10, 2021 04:00 PM IST
The bank discontinued the Chase Pay app – mostly used in stores – in 2019, after it emerged that customers preferred paying by card
- Mar 02, 2021 07:09 PM IST
Paytm is yet to put out a breakup of its numbers for February, so it’s hard to tell who really was No. 1 last month with both claiming to have recorded over a billion transactions.
- Mar 02, 2021 09:18 AM IST
Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.
- Feb 24, 2021 02:20 PM IST
The proposal is likely to be presented to the Reserve Bank of India (RBI) before February 26, which is the deadline to submit bids for NUEs
- Feb 18, 2021 10:16 AM IST
AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.
- Dec 31, 2020 02:10 PM IST
According to filings with the MCA, all the major payment companies have been incurring massive losses while trying to earn more revenue. The only exception is Paytm, which earned almost the same revenue in FY 2020 as FY 2019 while narrowing its losses.
- Dec 10, 2020 07:04 PM IST
Real-time gross settlement (RTGS) services are set to be available for customers 24/7 from December 14. Here's all you need to know about the system.
- Nov 24, 2020 01:22 PM IST
BharatPe has a network of over 5 million merchants across 35 cities and processes transactions worth $7 billion every month, the company says. However, beneath this rapid growth lies festering dissatisfaction among senior executives and a work culture becoming increasingly hostile, say sources.
- Nov 19, 2020 12:17 PM IST
Overall, card transactions in 2020 for merchant payments are down 17 percent compared to last year, with credit card swipes falling below those of debit cards, indicating consumers may be conserving their credit lines for emergency use.
- Nov 06, 2020 12:04 PM IST
In a decision that will have a huge impact on India’s payments space, NPCI has allowed WhatsApp to go live on its United Payments Interface.
- Aug 06, 2020 01:51 PM IST
The central bank has also asked payment providers to offer an online dispute resolution mechanism to address consumer grievances.
- Aug 05, 2020 01:04 PM IST
The technology would also benefit NPCI’s Rupay card and other similar services, besides UPI
- Jun 16, 2020 03:18 PM IST
The 'India Mobile Payments Market Report' noted that point-of-sale transactions completed using debit and credit cards, including online and in apps, rose 24 per cent to USD 204 billion.
- May 11, 2020 03:09 PM IST
An Indian company has emerged as the torchbearer of our nation’s digital opportunity. Its shareholders stand to gain over the next decade
- May 05, 2020 06:39 PM IST
Jain’s mandate will be to onboard 10 million merchants this year.
- Apr 09, 2020 04:06 PM IST
The new regulatory regime has imposed onerous and superfluous conditions to comply with
- Aug 21, 2019 09:34 PM IST
This means that the customer need not go through the two-factor authentication process every time a similar transaction is carried out with the same merchant.
- Jun 04, 2019 05:49 PM IST
In this episode, Aakriti Handa joins Jerome Anthony to discuss how the Nilekani committee's recommendations, if approved, would affect the customers.
- Nov 08, 2018 04:00 PM IST
The company claims to be the future payment network challenging the years-long payment system in the world. One can join the network through invites only
- Oct 18, 2018 07:33 PM IST
However, most experts believe that competition between local and foreign players will benefit Indian users
- Oct 16, 2018 08:57 PM IST
The Reserve Bank of India (RBI) has issued operational guidelines that promote interoperability of prepaid payment instruments (PPI) such as mobile wallets, meal and gift cards, among others.
- Sep 19, 2018 11:31 AM IST
These recommendations are aimed at revamping the Payment and Settlement Systems Act, 2007, which was the first dedicated law to regulate and supervise payment systems in India
- Aug 29, 2018 06:37 PM IST
With the 150 bps cut from next month, Airtel Payments Bank's rate will be at par with that of other banks like Paytm Payments Bank
- Aug 28, 2018 04:59 PM IST
Google will offer instant, pre-approved loans to customers through the Google Pay app