Page 15 - Digital Payments

Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets

Business Standard brings you the top headlines this morning

Paytm becomes official digital payments partner for PMs' museum

Paytm owner One97 Communications on Thursday said it has become an official digital payments partner for the prime ministers' museum in the national capital.

PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Retail investors can use UPI for up to Rs 5 lakh payment in public issues

The new guidelines will come into force for public issues opening on or after May 1, 2022, Sebi said in a circular

Britain plans to regulate some cryptocurrencies amid global effort

There are also plans to explore the idea of using crypto technology to issue UK government debt

UPI processes 5 bn transactions in March, gets set for new record

The platform's target is to process a billion transactions a day in the next three to five years.

Visa enters the world of NFTs, to help digital-first creators

Called the 'Visa Creator Programme', the initiative will help next-generation entrepreneurs understand and use NFTs

Google Pay launches Tap to Pay for UPI, in collaboration with Pine Labs

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country

Digital payments spike, but cash circulation still high, shows data

UPI has been the biggest beneficiary of the digital payments drive.

TataNeu: Tata group super app loyalty play awaits April 7 launch

TataNeu will offer multi-category loyalty programme

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

We now understand things we must correct: Paytm Payments Bank chairman

There will be no material impact on Paytm's customer acquisition, Vijay Shekhar Sharma, chairman, Paytm Payments Bank and founder & CEO of Paytm, tells Manojit Saha

Digital economy to see exponential growth to $800 bn by 2030: FM

The total number of retail investor accounts has almost doubled, from about 45 million as of March 2016 to 88.2 million by March 31 2021, said Finance Minister Nirmala Sitharaman

Richard Turrin on China's official digital currency

In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version

Kid-focused pocket money fintech Junio raises $6 mn in pre-Series A round

UAE-based firm NB Ventures leads investment; The startup will use the capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives

UPI logs 4.52 bn transactions worth Rs 8.26 trn in Feb, lower than Jan

In FY22 so far, UPI has processed a little over 40.49 billion transactions worth Rs 74.51 trillion

Offline digital payments: What does it mean, and how does this work?

Proximity payments have got a huge leg-up. Tap-and-pay will now be on steroids

How will UPI Lite allow payments without internet?

Technology, sure, is making our lives better. Very soon, you may be able to make digital payments up to a certain amount without an active internet connection. Let us find out how

Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn

PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021

Online payments doubled in 2021 on large-scale digital migration: Razorpay

Virtually every sector grew, with F&B topping the charts with 18.08% growth, says a report by the fintech firm