Page 8 - Digital Payment

India saw 9.36 bn transactions worth Rs 10.2 trn in Q1 2022, UPI leads

India saw 9.36 billion transactions amounting to Rs 10.25 trillion in the first quarter (January-March period) via various payment modes led by UPI, a new report showed

As RBI rings in changes, here is why SBI Cards is the darling of analysts

SBI Cards' market share in terms of the number of credit cards has moderated by around 10 basis points to 19.1 per cent

Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services

Other goals in RBI's vision document include launch of CBDC, linking credit cards and credit components of banking products to UPI

Is India ready for tokenization this time?

Last year, the RBI directed merchants not to store customer card details on their servers. And the revised implementation date is drawing close now. Is India ready for this big payment system reform?

TCS to take decade-long relationship with SBI Cards to a new level

The tech firm will expand the next leg of digital transformation at SBI Cards

PPI rapidly catching on as a bottom-of-the-pyramid transaction system

These PPI options are fast becoming the cards of choice for the vast majority of Indians as per capita income creeps upwards.

Pine Labs makes majority investment in payment solution provider Mosambee

The leadership team at Mosambee will continue to operate independently.

UK's Winvesta offers Indian exporters alternative payment gateway

UK-headquartered Winvesta, a neobank building cross-border banking and wealth management solutions, has launched a foreign payment collections system for Indian exporters.

'Tap to Pay': Apple announces contactless payments via new iPhones

Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers in the US first, Apple said

Innoviti raises Rs 80 cr in first close of its Series D fund round

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.

UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion

Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion

Airtel Payments Bank surpasses 1 billion transactions mark in Q2

Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources

Credit card users spent Rs 39,000 cr on digital payments in 2021: Report

Expenditure on food and utility bills remained consistent during all months while food and beverages saw high spending after the lockdown restrictions were eased from July to October

Fintech leading India's banking revolution but it's hampered by old rules

The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.

MeitY concludes Digital Payment Utsav with a challenge to bankers

Minister Ashwini Vaishnaw urges them to create a platform as powerful and seamless as UPI, think of more ways of providing quick and easy credit to MSMEs and people at the bottom of the pyramid

Will double down on India growth in next 6 months: WhatsApp Pay

WhatsApp India on Tuesday said that over the next six months, it will make significant investments regarding digital payments on its platform across the country

Google to allow alternative payment system from next month in S Korea

Google has announced that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country's new law

NPCI ties up with leading payments provider PPRO to take UPI global

NPCI International Payments Ltd has collaborated with fintech firm PPRO, a global provider of local payments infrastructure, to expand growth of India's digital payments ecosystem.

Lesson from note ban and pandemic: Keep a month's expense in cash at home

In addition, have an emergency fund equal to three-six months' expense parked in liquid fund, savings account and sweep-in fixed deposits

Post demonetisation, notes in circulation on rise; so are digital payments

Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes