Page 16 - Digital Payments

Digital transactions up 52% in festival season, says report

PayU registered a record high of 8 million transactions on a single day on October 3

Underlying digital payments infra must meet upcoming rise: Google Pay exec

Points to the surge the number of UPI transactions, which are nearly doubling each year

Currency in circulation remains unchanged during Diwali week: SBI Research

The currency in circulation stood at Rs 43,900 cr during the Diwali week in 2021, more or less stagnant compared to the Rs 43,800 cr in the year ago period

TMS, Ep 42: Haryana's job quota, RBI-RD cheme, Ather CEO Q&A, and e-RUPI

Will Haryana's new job quota rule hurt MSMEs? Can RBI-RD scheme spur retail interest in bonds? How does Ather Energy CEO Tarun Mehta plan to take on competition in the EV space? Answers here

Delhi HC dismisses BharatPe pleas seeking removal of PhonePe trademarks

Petitions were frivolous and baseless, and an attempt to divertthe court's attention from its own misuse of PhonePe's trade marks, says Walmart-owned digital payments firm

Amazon Pay India's revenue grows 29% YoY to Rs 1,769 crore in FY21

The company reports a net loss of Rs 1,516 crore during the same fiscal

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms

The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort

PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms

The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort

MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services

With this alliance, MakeMyTrip will be able to further extend its distribution via Amazon Pay's large user base, especially in smaller towns, and speed up online booking of travel services

All UPI money transfers, offline, online payments on PhonePe are free

The company said that PhonePe does not charge for these transactions, and will not be doing so in the future also.

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

RBI to bring in framework for retail digital payments in offline mode

The central bank has enhanced the transaction limit under IMPS from Rs 2 lakh to Rs 5 lakh

Boom time: 31 and counting, happy hour for India's unicorn club

The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen

How new auto-debit rules that require customer consent will impact you

All kinds of recurring or auto-debit payments now require the customer's consent before they are cleared, mandate RBI's new rules. What does this mean and how will it impact you?

UPI records 3.65 bn transactions worth Rs 6.54 trillion in September

On a month-on-month (MoM) basis, UPI's volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent

Prevent auto-debit failures by registering once again, say experts

If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c

India has the highest fintech adoption rate of 87%, says FM Sitharaman

Asserts that nation is a prime destination for digital payments, which have grown from transactions worth Rs two trillion in 2019 to Rs four trillion in 2020

Data privacy, safeguarding client details important: FM Sitharaman

Sitharaman added that safeguard of client data is the backbone to bringing trust

Amazon puts Rs 450 cr in India digital payments arm ahead of festive season

The funding for Amazon Pay came from Singapore-based Amazon Corporate Holdings Private Limited and Mauritius-based entity 'Amazon.com Inc Limited'