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  • To take digital payments to Bharat, RBI to test offline systems for low-value transactions Aug 06, 2020 01:51 PM IST

    To take digital payments to Bharat, RBI to test offline systems for low-value transactions

    The central bank has also asked payment providers to offer an online dispute resolution mechanism to address consumer grievances.

  • NPCI to expand payments network with NFC, looks to challenge private heavyweights: Report Aug 05, 2020 01:04 PM IST

    NPCI to expand payments network with NFC, looks to challenge private heavyweights: Report

    The technology would also benefit NPCI’s Rupay card and other similar services, besides UPI

  • Mobile app-based payments rise 163% to $287 billion in 2019: Report Jun 16, 2020 03:18 PM IST

    Mobile app-based payments rise 163% to $287 billion in 2019: Report

    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.

  • Jio’s recent deals will cause a tectonic shift across sectors May 11, 2020 03:09 PM IST

    Jio’s recent deals will cause a tectonic shift across sectors

    An Indian company has emerged as the torchbearer of our nation’s digital opportunity. Its shareholders stand to gain over the next decade

  • BharatPe names Nishant Jain as chief business officer May 05, 2020 06:39 PM IST

    BharatPe names Nishant Jain as chief business officer

    Jain’s mandate will be to onboard 10 million merchants this year.

  • Payment aggregators try to navigate the policy fog Apr 09, 2020 04:06 PM IST

    Payment aggregators try to navigate the policy fog

    The new regulatory regime has imposed onerous and superfluous conditions to comply with

  • RBI allows setting e-mandate on cards from September 1 Aug 21, 2019 09:34 PM IST

    RBI allows setting e-mandate on cards from September 1

    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.

  • Reporter's Take | Nandan Nilekani committee recommendations on digital payments Jun 04, 2019 05:49 PM IST

    Reporter's Take | Nandan Nilekani committee recommendations on digital payments

    In this episode, Aakriti Handa joins Jerome Anthony to discuss how the Nilekani committee's recommendations, if approved, would affect the customers.

  • Will Saar Wilf's InitiativeQ be the next foolproof alternative digital payment network? Nov 08, 2018 04:00 PM IST

    Will Saar Wilf's InitiativeQ be the next foolproof alternative digital payment network?

    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

  • Google, WhatsApp's entry into digital payments to intensify competition for locals Oct 18, 2018 07:33 PM IST

    Google, WhatsApp's entry into digital payments to intensify competition for locals

    However, most experts believe that competition between local and foreign players will benefit Indian users

  • Money transfers between digital wallets, meal and gift cards to be reality soon Oct 16, 2018 08:57 PM IST

    Money transfers between digital wallets, meal and gift cards to be reality soon

    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.

  • Govt panel suggests changes to RBI's payment guidelines: Report Sep 19, 2018 11:31 AM IST

    Govt panel suggests changes to RBI's payment guidelines: Report

    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

  • Airtel Payments Bank cuts interest rate to 4 percent on savings account effective Sep 1 Aug 29, 2018 06:37 PM IST

    Airtel Payments Bank cuts interest rate to 4 percent on savings account effective Sep 1

    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

  • Google partners with ICICI, HDFC Bank, 2 others for instant loans Aug 28, 2018 04:59 PM IST

    Google partners with ICICI, HDFC Bank, 2 others for instant loans

    Google will offer instant, pre-approved loans to customers through the Google Pay app

  • Top 10 technology trends that will define the future of banking Jan 03, 2018 01:11 PM IST

    Top 10 technology trends that will define the future of banking

    From experimentation of use cases on the Block chain technology, AI and Machine Learning to bolstering operations through Bots, the industry is today geared to embrace challenges

  • Digital payment revolution can get a push with right infrastructure and technology Jan 02, 2018 07:20 PM IST

    Digital payment revolution can get a push with right infrastructure and technology

    Digital revolution will truly take place only when the infrastructure for mass public interaction areas like tolls, transit and retail are fully automated and digitized

  • Why Indian payment companies are expanding to South Asia? Dec 26, 2017 07:59 PM IST

    Why Indian payment companies are expanding to South Asia?

  • Messaging app Hike integrates payments, launches wallet Jun 20, 2017 06:46 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.

  • This Bangalore startup will grant instant loans to SMEs via an app Jun 13, 2017 06:23 PM IST

    This Bangalore startup will grant instant loans to SMEs via an app

    Instamojo will deduct 25 percent of a day’s sale post the disbursement of loan, towards EMI, ensuring repayment of the loan.

  • Messaging co Hike may beat WhatsApp in launching UPI-backed payment platform Apr 17, 2017 04:17 PM IST

    Messaging co Hike may beat WhatsApp in launching UPI-backed payment platform

    Hike Messenger is likely to beat competitor WhatsApp to become the first messaging app in India to launch a UPI-backed payments mechanism on its app.

  • How Mastercard managed to keep attrition under control Mar 13, 2017 12:28 PM IST

    How Mastercard managed to keep attrition under control

    At a time when players in the BFSI space are battling attrition, global payments technology company Mastercard has managed to keep attrition under 5 percent with a mix of steps to encourage innovation and inclusive career development.

  • Some Indian banks risk skipping coupon payments: Fitch Ratings Mar 09, 2017 12:37 PM IST

    Some Indian banks risk skipping coupon payments: Fitch Ratings

    Mid-sized banks are the most at risk of breaching capital triggers, the agency said. A Fitch analysis showed total capital adequacy ratio of 12 banks was at or below the minimum 11.5 percent required by the year to March 2019 to enable coupon payments on both legacy and Basel III additional tier 1 (AT1) capital instruments.

  • Fintech cos may see more investor interest this year: Report Mar 05, 2017 03:00 PM IST

    Fintech cos may see more investor interest this year: Report

    Financial technology companies may see additional investor interest this year after the government's push to digital transactions post demonetisation drive, says a report.

  • Itzcash invests in fintech company Finly Feb 27, 2017 07:26 PM IST

    Itzcash invests in fintech company Finly

    Payments company Itzcash today said it has invested undisclosed sum in an expense management startup, Finly, eyeing what it pegged as a USD 25-billion opportunity.

  • Principal employer responsible for construction workers' pay Feb 08, 2017 07:36 PM IST

    Principal employer responsible for construction workers' pay

    Payment of construction workers' statutory dues is the responsibility of the principal employer and not that of contractors, said a top government official today.

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