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digital payments News
Digital transactions in India could be worth $1 trillion annually by 2025, says a report
Tue, Mar 13, 2018
Digital transactions in India: Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape, it said adding unified payments interface (UPI) transactions are a key driver of greater financial inclusion.
Real growth potential of internet usage lies in rural sector
Wed, Feb 21, 2018
For the next boost of internet growth, there are certain roadblocks that need to be addressed before the untapped user-base can be converted to internet users.
Pallavi Shroff to join Paytm Board
Mon, Feb 19, 2018
Shroff is presently a director on the boards of many Indian companies, including Maruti Suzuki India, Apollo Tyres, Trident Group, and Juniper Hotels
WhatsApp vs Paytm: Govt body asks WhatsApp to follow guidelines
Sat, Feb 17, 2018
NPCI said that the full-scale public launch of the feature will be permitted only after the Facebook-owned platform meets all the required norms
India Post Payments Bank pan-India roll out from April
Sat, Feb 10, 2018
In 2015, RBI had granted 'in-principle' approval to 11 entities, including the Department of Posts, to set up payments banks
Soon, you can make payments through WhatsApp
Thu, Jan 18, 2018
WhatsApp's payments feature is highly anticipated because of the huge popularity of the app across diverse populations in India.
How the government's MDR reimbursement decision impacts you
Sun, Dec 17, 2017
Read how the government's MDR reimbursement decision will impact customers and railway commuters.
51% mobile users in India look at their phones every 10 minutes
Wed, Dec 13, 2017
The KPMG survey report titled 'Me, My Life, My Wallet: A New Customer Engagement Framework', also said that almost 57% people in the country would rather lose their phone than their wallet compared to 61% in UK, 74% in US and 29% in China.
Railways to release list of best and worst performing trains
Fri, Dec 08, 2017
Railway Minister Piyush Goyal reportedly wants the railways to improve performance with a focus on passenger safety, and decline in derailment by half. He also wants to improve the punctuality of the trains.
Govt's digital payments push making banks suffer a loss of Rs 3,800 crore: SBI
Thu, Sep 28, 2017
The number of point of sale (PoS) terminals post demonetisation increased from 13.8 lakh in March, 2016 to 28.4 lakh in July, 2017.
UPI still way behind other digital payments despite growing tie-ups with mobile apps
Mon, Sep 18, 2017
Google finally launched Tez mobile payment app which is integrated with UPI. This comes a day after Airtel Payment Bank announced tie-up with UPI.
Adoptions rise but mobile wallets still less than 1% of all digital transactions
Fri, Aug 25, 2017
Mobile wallets that were glorified during the demonetisation era were just 1% of overall value transactions in FY17.
Online banking services: E-wallets vs Internet banking; which one should be in your smartphone
Sun, Aug 20, 2017
Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.
MobiKwik eyes raising $100 million in funding this year
Sun, Aug 06, 2017
MobiKwik has so far raised over USD 85 million in funding from investors like South Africa's payments major Net1, Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.
Will Paytm's launch of chat feature be enough to rival WhatsApp's entry into e-wallet biz?
Fri, Aug 04, 2017
Paytm's decision to take on chat apps such as WhatsApp and Hike messenger with the launch of its own chat feature in the app may be launched as soon as the end of this month.
After Axis Bank acquires Freecharge, Bajaj Finance buys stake in MobiKwik for Rs 225 crore
Thu, Aug 03, 2017
Just a few days after Axis Bank acquired Freecharge, now NBFC Bajaj Finance has brought nearly 11% stake in another digital wallet company MobiKwik.
NPCI says UPI transactions rose 10% in July
Wed, Aug 02, 2017
Key Highlights: UPI transactions in July rose 10%, at 11.63 million In value terms, transactions stood at Rs 3,411 crore
NPCI gets RBI nod to function as Bharat Bill Payment Central Unit
Fri, Jul 28, 2017
Key Highlights NPCI was running bill payments as pilot for over a year Soon you can pay electricity, DTH, telecom bills using NPCI
Here's how Freecharge acquisition will bolster Axis Bank's digital arm
Thu, Jul 27, 2017
Axis Bank announced on Thursday that it acquired Freecharge from Snapdeal in an all-cash deal for Rs 385 crore.
Credit card loan or personal loan? Which one you should choose, if at all
Wed, Jul 19, 2017
A credit card loan is a pre-approved loan where your bank lends you up to a certain percentage of your underutilized credit card limit.