Page 22 - Digital Payments

Bajaj Finance net down 30% to Rs 1,049 crore, forays into e-payments

With this app, Bajaj Finance will make an entry into the digital payments space

RBI working committee in favour of setting up NPCI-type agency for fintechs

RBI panel favours new structure for better supervision

The zero MDR has affected the PoS business: Worldline's Deepak Chandnani

India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan

Serial regulatory changes slow down PhonePe progress ahead of IPO

The Walmart-owned digital wallet has to grapple with regulatory changes restricting its expansion that coincide with its IPO plans in 2023

Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

RBI constructs index to capture digital payments penetration in country

RBI has constructed a composite digital payments index (DPI) with March 2018 as the base period to capture the extent of digitisation of payments across the country

Paytm revenue up 1.4% to Rs 3,629 cr; losses decrease 30% to Rs 2,942 cr

The company's total expenses for the fiscal were reported as Rs 6,226 crore on a consolidated basis

WhatsApp means Business, joins payments companies in race for revenue

Even as Paytm, PhonePe and Amazon Pay collectively lost $1 billion in FY19, WhatsApp has come up with Business, its first revenue-making initiative in India

Interchange of Rs 15 makes ATM channel unviable: NCR India's Navroze Dastur

NCR Corporation, the world's largest vendor of ATMs, has over 50 per cent share of the local market, but business could be better, says NAVROZE DASTUR

Chinese hackers targeted Indians with e-shopping scams, says report

The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes

Snapdeal partners NPCI to enable doorstep QR Code payments for orders

Snapdeal said it has partnered with National Payments Corporation of India (NPCI) to allow shoppers to make QR-based digital payments at the time of accepting delivery of their orders

Covid-19 is reshaping daily habits for the better, says new study

DIY, digital content consumption, home cooking here to stay. Health and safety key

RBI to introduce digital payment security control directions: Governor Das

RBI Governor Shaktikanta Das said the central bank will be introducing digital payment security control directions for regulated entities

UPI records over 2 bn transactions for second time in a row in November

Launched in 2016, UPI crossed 1 bn transactions for the first time in Oct 2019. While it took UPI three years to reach a billion transactions in a month, the next billion came in just a year

66 billion transactions to shift to cards, e-payments by 2023: Report

The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business

We are not a conventional payments company: AGS Transaction's Ravi B Goyal

Ravi B Goyal, founder-chairman and managing director of AGS Transaction Technologies, spoke to Raghu Mohan

India's a digital payments hotspot

With social distancing becoming the new norm, there is a behavioural shift across all consumer categories

BharatPe plans to reach 65 cities by Dec end, add 3 mn merchants in FY21

The company will be rolling out an interoperable UPI QR with zero transaction fees, and its recently launched zero-rental, zero-fees card acceptance machine BharatSwipe

PhonePe becomes largest platform for buying digital gold with 35% mkt share

With over 35%market share, the Walmart-owned firm which competes with Google Pay, Amazon Pay and Paytm has seen a more than 6X jump in the volume of Gold sold in the festival season

Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.