Page 9 - Digital Payment

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

East or west, we can now raise money from anywhere: Paytm's Vijay Sharma

In conversation with Deepsekhar Choudhury and Neha Alawadhi, Sharma speaks about his journey and the road ahead

Total value of transactions grew 23.3% QoQ to Rs 921,674 cr: PhonePe Pulse

Offline merchant payments grew faster than online merchant payments

More Paytm employees convert ESOPs to shares after shareholders' approval

An additional 40 current and former employees of Paytm have converted their ESOP grants to shares for monetising them in its upcoming Rs 16,600 crore IPO, the digital payments firm said

Epic's win in App Store case toughens fight against Google Play rules

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PhonePe starts first Indian digital payment interactive geospatial platform

The Walmart-owned digital payment firm said its Pulse platform reveals digital transaction habits of over 300 mn Indians at a district level

Digital payment index for March rises to 270.59, indicating rapid adoption

Digital transactions grew steadily throughout FY21, retail payments like UPI, IMPS and NACH showed resilience and healthy growth

Paytm's gross merchant volume growing at over 100% in a year: DRHP

In Q1FY22, Paytm's GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year

Crypto exchange Binance temporarily suspends payments from EU's key network

Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users

S&P 500, Nasdaq drift towards record highs as data fuels stimulus bets

Other payments companies PayPal Holdings Inc and Visa Inc gained 7% and 2%, respectively.

BharatPe raises Rs 786 crore in Series D funding at Rs 6,552 cr valuation

The company has raised $90 million (over 655 crore) in primary fund raise, and ensured secondary exit for its angel investors and employees for a total amount of $18 million (nearly Rs 131 crore)

Budget 2021: FM proposes Rs 1,500 cr scheme to promote digital payments

The government on Monday proposed Rs 1,500 crore-scheme to promote digital payments in the country

Paytm says could turn profitable in 2021 as Covid-19 earns it users

Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments

Faced with high growth in traffic, banks to ramp up digital capabilities

They will soon take a call on tech spending

In push to digital payments, WhatsApp Pay now live ln India for 20 mn users

The feature has been launched with support from banking partners State Bank of India, HDFC, ICICI, and Axis Bank

Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021

Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that

Four years on

Even with hindsight, hard to say demonetisation was a success

Unlock BFSI 2.0: Covid has accelerated digital payment adoption by 5-10 yrs

Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"