Page 21 - Digital Payments

Top UPI players stare at uncertain future over 30% cap in market share

When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.

Startups help make public transport safer for the commuter post Covid

How contact-less payments, voice-enabled ticketing and NFC are changing your travel on public transport

UPI transaction value touches new high at Rs 5 trn in March, volume up too

Launched in 2016, UPI crossed 1 billion transactions for the first time in October 2019.

Auto-debit payments: RBI extends timeline for implementation of new rules

The new norms were supposed to kick in from April 1 but neither banks nor the other stakeholders in the ecosystem had readied their system

Six consortiums in the fray to bag NUE licence for retail payments

Last month, RBI extended the deadline to apply for licence at the behest of IBA

Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas

Perpule provides UltraPOS is a cloud-based, mobile POS system that substantially improves the billing and checkout process at stores

MobiKwik denies KYC breach of 3.5 mn users amid IPO plans, says data 'safe'

According to the researchers, the entire database is available for 1.5 Bitcoin (nearly $84,000) on the Dark Web

Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

How Digital Payments Gateways Are Expanding in India?

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PhonePe takes up six IPL 2021 sponsorships for its biggest marketing push

Company last year earmarked about Rs 800 crore on marketing.

Sebi streamlines IPO application process, issues new guidelines

The market regulator identified key issues plaguing the UPI payment process and issued operational guidelines to address them

Stay secure: Treat wearables on par with cards to make contactless payments

Acceptance of wearable devices will depend on speed and ease of grievance redressal

Amazon invests Rs 225 cr in India digital payments arm to scale up presence

Amazon Pay got the capital infusion in March by allotting 22.5 crore equity shares

Focus on technology

Banks must invest in improving customer interface

After outage, Trai puts on hold regulation on pesky SMS for one week

Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday

New e-payment norms likely to block auto-subscriber route: Experts

Avoid exposing your data; use a virtual card instead

NPCI, SBI Payments join hands to launch "RuPay SoftPoS" for merchants

It will enable the merchants to turn their smartphones into a PoS machine

Facebook, Amazon, Google vie for piece of India's digital payment markets

The contest is fierce as regulator Reserve Bank of India is expected to give just one or two licenses, as implied in its notification inviting bids

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments