Page 9 - Digital Payment

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"

Wirecard scrambles to find missing $2.1 bn, shares slump over 60%

Chief Executive Markus Braun said in Thursday's statement that Wirecard, which was founded in 1999, was urgently seeking to clarify the balances in question.

Digital payment-led home deliveries to be allowed in Ahmedabad from May 15

The move is being made in an attempt to prevent spread of novel coronavirus through use of currency notes

Voda, Airtel may go the Jio way, scout for tech giants looking for tie-ups

Telcos could explore equity tie-ups with tech majors

BJP to accept donations digitally on Upadhyay's death anniversary

In a letter to party leaders, BJP has asked them to hold programmes on the life of Upadhaya at booth level

Govt raises outlay for digital India programme by 23% to Rs 3,958 crore

The government has increased allocation for National Knowledge Network to Rs 400 crore from Rs 274 crore in the current fiscal

Scam calls: Paytm submits list of 3,500 phone numbers to MHA, others

CERT-In a functional organisation under the Ministry of Electronics and Information Technology with the object of securing Indian cyber space

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

HDFC Bank launches customised apps for municipalities, housing societies

With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000

Want to avoid toll plaza queues? Now, you can recharge FASTags via BHIM UPI

FASTag has been made mandatory on national highways throughout the country from December 15, 2019

RBI launches new prepaid payment instrument for small digital transactions

Prepaid payment instrument or PPI can be used for transaction of goods and services up to a limit of Rs 10,000

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

Wave and pay with SoftPos

A new wave of technology is now ready to change the mobile based payment system once again

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks

Over 80 payments apps face an uphill battle to turn the country cashless

Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions

Beware digital promise

With these big firms keeping data of whatever we do and increasingly of our spending as well, the society is becoming more vulnerable

As RBI move opens new doors for fintech players, M-wallets face tough fight

The prohibitive costs of user verification, at times about Rs 700 per customer, are set to affect smaller players

Mobile banking, wallet transactions show strongest growth in Aug: RBI

Mobile banking volume for August grew 7 per cent to 365.79 million, but the value dropped marginally to Rs 2,069.27 billion