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digital payments News
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.
Google readies its UPI payment system before Whatsapp
Mon, Jul 10, 2017
AP Hota, MD and CEO, National Payments Corporation of India (NPCI) said that Google has finished testing its UPI system and is currently waiting for the Reserve Bank of India (RBI) to give its nod for the services to begin.
Money transfer start-up InstaReM raises $13 million in funding from GSR Ventures, others
Tue, Jul 04, 2017
The start-up received the investment in a round led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC).
Digital payments rose last year more than the past five years, Niti Aayog says
Mon, Jul 03, 2017
According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.
Pay your GST on ICICI Bank's net banking
Fri, Jun 30, 2017
Just few hours before the launch of GST, ICICI Bank has said it is authorised to collect GST.
Cash loving Indians go back to pre-demonetisation level of ATM withdrawals
Tue, Jun 20, 2017
Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.
Digital Payments: Paytm's biggest contender will be WhatsApp or Amazon?
Tue, Jun 13, 2017
WhatsApp with its integration with UPI and Amazon Pay could become the biggest contendors for Paytm in the digital payment space in India.
Credit score will decide your loan's interest rate; here's how to check it
Mon, Jun 12, 2017
According to the Reserve Bank of India data, till February, 2017, there were 29.1 million credit cards which were in operation.
Buy now, pay later: Is this the new Fintech mantra?
Tue, Jun 06, 2017
Several fintech start-ups have started offering customers the option make purchases without paying at the time of the transaction. Customers can then pay all the items purchased together at a later date.