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  • PhonePe planning foray into stockbroking business: Report Apr 15, 2021 08:35 AM IST

    PhonePe planning foray into stockbroking business: Report

    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.”

  • JPMorgan’s digital wallet Chase Pay to be pulled off merchant sites by March-end Mar 10, 2021 04:00 PM IST

    JPMorgan’s digital wallet Chase Pay to be pulled off merchant sites by March-end

    The bank discontinued the Chase Pay app – mostly used in stores – in 2019, after it emerged that customers preferred paying by card

  • PhonePe & Paytm lock horns: Both claim market leadership Mar 02, 2021 07:09 PM IST

    PhonePe & Paytm lock horns: Both claim market leadership

    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.

  • Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report Mar 02, 2021 09:18 AM IST

    Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report

    Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.

  • Amazon-Axis-ICICI-Visa consortium to set up ‘UPI-like’ payments system via NUE: Report Feb 24, 2021 02:20 PM IST

    Amazon-Axis-ICICI-Visa consortium to set up ‘UPI-like’ payments system via NUE: Report

    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

  • NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report Feb 18, 2021 10:16 AM IST

    NPCI upgrading IT systems across platforms, anticipates 1 billion daily transactions: Report

    AePS, IMPS, NACH, and UPI have been identified for the IT systems upgrades. The process is aimed to be completed by March 2021.

  • Digital payment companies continue to bleed as expenses pile up, profits remain elusive Dec 31, 2020 02:10 PM IST

    Digital payment companies continue to bleed as expenses pile up, profits remain elusive

    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.

  • Big Story | RTGS service to be operational round the clock: All you need to know Dec 10, 2020 07:04 PM IST

    Big Story | RTGS service to be operational round the clock: All you need to know

    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.

  • Exclusive | Three BharatPe senior execs leave company, blaming work culture Nov 24, 2020 01:22 PM IST

    Exclusive | Three BharatPe senior execs leave company, blaming work culture

    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.

  • Exclusive | Fewer people using credit cards as Covid-19 hurts consumption Nov 19, 2020 12:17 PM IST

    Exclusive | Fewer people using credit cards as Covid-19 hurts consumption

    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.

  • WhatsApp Pay Explained: How to set it up, how to send and receive money, how it works and other questions answered Nov 06, 2020 12:04 PM IST

    WhatsApp Pay Explained: How to set it up, how to send and receive money, how it works and other questions answered

    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.

  • 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

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