Page 18 - Digital Payments

e-RUPI may negate pilferage; ensure full benefit to beneficiary: Industry

Prime Minister Narendra Modi has launched e-RUPI, which is aimed at improving transparency and targeted delivery of benefits

All you need to know about e-RUPI, India's newest digital welfare drive

The idea is simple and is being used in the US, Hong Kong and several other countries -- prepaid vouchers meant for specific purposes

UPI logs record 3 bn transactions in July, riding on digital payments

The platform processed transactions worth Rs 6.06 trn in July, up 10.76 per cent from June

NPCI caught between managing UPI growth, curbing dominance of few players

Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions

The point-of-sale machine: Clearly, there is a world beyond the swipe

The point-of-sale machine has evolved from a mere swiping facility to a tool used by merchants for inventory management, bookkeeping and more

Digital payments start-up MobiKwik files for Rs 1,900-crore offering

MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

PhonePe partners Flipkart to digitise cash-on-delivery payments

Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders. PhonePe's dynamic QR code solution will enable customers who earlier opted for 'cash on delivery' to pay digitally through any UPI app at the time of delivery, PhonePe said in a statement. This will help reduce personal contact while ensuring safety and drive contactless payments for customers who are traditionally more comfortable with cash on delivery, it added. "Digital payments adoption has become widespread over the past few years, thanks to UPI. However, there still continues to be a preference for cash on delivery among some customers at the time of delivery," PhonePe Director (Business) Ankit Gaur said. Digitising these cash-based payments would give a major boost to not just e-commerce but also contribute to the larger goal of Digital India, he added. "Our partnership with Flipkart to enable contactless and safe payments for

As work from home deepens …

… are far-reaching social changes coming with it?

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

Digital payment transactions recover in June as Covid-19 lockdowns ease

In March, UPI had recorded a fresh high of 2.73 billion transactions amounting to Rs 5.04 trillion.

Income-tax portal 2.0 likely to allow payments by UPI, credit cards

More pvt lenders set to be given authorisation for providing services

Voice critical to get the next 500 million in India to use digital payment

The challenge lies in getting digital transactions done in vernacular in a country with over 20 languages and many more dialects

SBI union, others urge RBI to scrap digital payments plan: letter

The letter urged the central bank to scrap the "whole process of NUE licensing"

Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO

Paytm's public market debut will include a mix of new and existing shares to meet regulatory obligations.

Paytm makes offer for sale ahead of planned IPO; AGM on June 30

The board of One97 Communications Ltd, which owns Paytm, has given an in-principle approval to the offering plan

SBI invests undisclosed amount in digital payments startup Cashfree

Country's top lender seeks to promote digital payments. Last November Cashfree had raised $35.3 mn in Series B funding, led by UK's Apis Growth Fund II

Digital Payment transactions decline in May from March-April levels

Cash withdrawal through ATMs, transactions through NEFT and RTGS also decline

Paytm board grants in-principle approval for around Rs 22,000 crore IPO

Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stake," the source aware of the development told PTI. The board meeting of the company was held on Friday. When contacted, Paytm spokesperson declined to comment. It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders

Paytm plans to launch India's biggest IPO, aims to raise $3 billion

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan