Page 18 - Digital Payments

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'

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

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

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".

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.

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

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

Top headlines: Mukesh Ambani enters $100-bn club, 'made in India' iPhones

Business Standard brings the top headlines of the day

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

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

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

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 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.

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

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

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