Page 22 - Digital Payments

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.

Promote competition

Govt is turning anti-consumer in digital payments

Best of BS Opinion: India's embrace of Quad, local and global this Diwali

Here's a selection of Business Standard opinion pieces for the day

The local and the global this Diwali

Govt is pushing for buying local and going digital. The contradiction between the two cannot be missed

4 years on, PM Narendra Modi says demonetisation demolished corruption

On November 8, 2016, Modi announced the decision to ban all currency notes of denomination of 500 and 1,000 from midnight

Digitisation will help measure GDP accurately: FM Nirmala Sitharaman

FM Sitharaman said increased digitisation will help in making better assessment of the country's economic growth and nudged tax practitioners to suggest their clients to shift towards digital payments

Google, Walmart hit by India's move to limit some digital payments players

More than 2.07 billion UPI transactions were processed in October, according to NPCI, with Walmart's PhonePe accounting for just over 40% of those transactions

Capping mkt share of UPI players to impact users, may hit adoption: Experts

Google Pay, Walmart's PhonePe and Paytm are among the TPAP players in the fast-growing UPI ecosystem, amid the sustained push for boosting digital payments in the country

NPCI allows WhatsApp to start payments service in a 'graded' manner

The decision came after the NPCI also issued a statement saying that it had decided to impose a 30% cap on the share of UPI transactions that a single payment application can process

PhonePe breaches 250-mn user mark; logs 925 mn transactions in October

Walmart-owned digital payments firm hits $277-billion annual TPV run-rate

In a first, UPI transactions exceed ATM cash withdrawals, courtesy pandemic

But while cash withdrawals and dealings are declining, there has been a 20% YoY spike in the quantum os notes and coins help with the public

Paytm to deploy 1 mn IoT-based devices at merchant counters by FY21 end

Paytm Soundbox is an IoT device that lets merchants get instant voice confirmation of payments in different languages

Local kiranas hop on to digital bandwagon to manage their daily business

Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally

Currency with public rises 22.5% YoY to Rs 26.09 trillion as on Oct 9

Latest data showed that in the first 15 days of October, UPI transactions crossed 1 billion, experts say in the festive season this could breach 2 billion

UPI transactions cross 1 billion in first 15 days of October: RBI data

The transactions were worth Rs 1.92 trillion and broke previous records