Page 17 - Digital Payments
RBI must deal more with consumers, review rules impacting them: CUTS talks
Experts at discussion say approach favouring of banks over consumers may make the latter move away from the digital economy towards cash
 "RBI must deal more with consumers, review rules impacting them: CUTS talks")
Ahead of IPO, Paytm employees add 545,000 more shares for monetisation
Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares for monetisation in the upcoming IPO
 "Ahead of IPO, Paytm employees add 545,000 more shares for monetisation")
RBI and Singapore central bank to link payment systems by July 2022
The RBI and MAS hope to complete the linkage by July 2022 "on a reciprocal basis without a need (for users) to get onboarded onto the other payment system".
 "RBI and Singapore central bank to link payment systems by July 2022")
India and Singapore to link their digital payment systems, says RBI
The linkage will be reciprocal and won't need users to get "onboarded" onto either payment system.
 "India and Singapore to link their digital payment systems, says RBI")
ToneTag is a sound business: Co-founder and CEO Kumar Abhishek
'ToneTag has been able to showcase that we can put an identity to your voice', says Abhishek
 "ToneTag is a sound business: Co-founder and CEO Kumar Abhishek")
Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
 "Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO")
Top headlines: Mukesh Ambani enters $100-bn club, 'made in India' iPhones
Business Standard brings the top headlines of the day
 "Top headlines: Mukesh Ambani enters $100-bn club, 'made in India' iPhones")
Tie-ups like Equitas-Google Pay can significantly disrupt payments sector
With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition
 "Tie-ups like Equitas-Google Pay can significantly disrupt payments sector")
Indians embrace digital: Over 300 mn smartphone users use digital payments
From 'tankhwa' and 'kiraya', for 'shagun' and 'jugaad', digital payment is a pan-India habit
 "Indians embrace digital: Over 300 mn smartphone users use digital payments")
We will be more active in fintech ecosystem: PayU's Anirban Mukherjee
'We want to build a platform that can be used by others as well', said Mukherjee
 "We will be more active in fintech ecosystem: PayU's Anirban Mukherjee")
Not worried about rivals, says PhonePe's Nigam after opening data for all
PhonePe has launched PhonePe Pulse, India's first interactive platform with data, insights and trends on digital payments. Nigam said firm has made privacy topmost concern while designing Pulse
 "Not worried about rivals, says PhonePe's Nigam after opening data for all")
'Not typical startup founders': BillDesk trio reap $500 mn each with sale
M N Srinivasu, Ajay Kaushal and Karthik Ganapathy are selling their digital payments company to Prosus NV.
 "'Not typical startup founders': BillDesk trio reap $500 mn each with sale")
India is bedrock of development capabilities, will continue to hire: PayPal
Digital payment solutions provider PayPal said India is the "bedrock" of its development capabilities and it continues to hire aggressively in the country to further build and drive the teams
 "India is bedrock of development capabilities, will continue to hire: PayPal")
Visa repositions its brand to shed cards entity image
It wants to be known as a payments network and player in the digital payments arena
 "Visa repositions its brand to shed cards entity image")
NPCI global arm ties up with Mashreq Bank for UPI payments in UAE
NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation
 "NPCI global arm ties up with Mashreq Bank for UPI payments in UAE")
China's digital yuan gives banks an edge in payments, says Moody's
The effort to develop a digital yuan "reflects the authorities' concerns about data concentration among technology companies", the Moody's analysts said
 "China's digital yuan gives banks an edge in payments, says Moody's")
The many ways in which e-RUPI could alter the country's economic landscape
e-RUPI: The mechanism could eliminate dual pricing and target the black economy, while taking the nation one step forward towards establishing its own digital currency
 "The many ways in which e-RUPI could alter the country's economic landscape")
Digital payments continue to grow; significant growth in tier II, III towns
Digital transactions have continued to grow at a strong pace in the country with increasing acceptance in tier II and III towns, a report by fintech firm Razorpay said
BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round
The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe
 "BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round")
PM Modi launches 'big reform' e-RUPI to make targeted DBT benefits work
It's a digital voucher developed by NPCI that will be transferred directly to mobile phone as an SMS string or QR code, redeemable at merchant points delivering services related to the benefit scheme
