Page 24 - Digital Payments

The apps game

Google should not misuse its dominant position

Titan ticks with Covid times to roll out contactless payments watches

Titan Pay range, launched in tie-up with SBI, allows bank's YONO account holders to tap the watch on contactless payment POS machines without having to swipe or insert bank card\

Here's why Sweden's record-breaking cashlessness may not be good news

If there's no cash at all to fall back on, what happens if digital networks fail? And what about cyberattacks? Such events can do a lot more damage than old-fashioned bank robberies

RBI constructing e-payment index to assess extent of digitisation: Official

RBI is in the process of constructing a digital payment index to assess the extent of digitisation in the country and innovation in existing modes and channels to bridge digital divide

Razorpay starts lending service for small businesses hit by Covid-19

The firm has launched a collateral-free line of credit, 'Cash Advance' for small businesses who can borrow working capital with a credit limit of Rs 50,000 to Rs 10 lakh, within 10 seconds

Need to enable payment solutions for feature phone users: RBI official

Covid-19 pandemic has inadvertently provided enormous impetus to digital payment adoption

UPI volumes at new high; digital transactions almost at pre-Covid levels

In August, UPI volumes touched 1.61 billion transactions worth Rs 2.98 trillion, compared to 1.49 billion transactions in July worth Rs 2.9 trillion

Covid-19-led digital adoption leading to rise in cyber frauds: Report

UPI transactions crossed 1.49 billion in volume and $41 billion in transaction value in July

Digital payments in India likely to grow threefold by 2025, says report

According to a report by Redseer Consulting, Rs 7,092 trillion worth of transactions are expected to be conducted by 2025, a CAGR of 27 per cent

PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion

The company's foray into financial services is going to play a key role in the firm becoming profitable and going public

Digital payments in India likely to grow to Rs 7,092 trn by 2025: Report

By 2025, wallets are expected to have a higher penetration and lower-income would eventually drive multiple small-ticket transactions

National Payments Corp to take UPI, Rupay global through new subsidiary

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'

CCI rejects petition alleging WhatsApp using clout to enter payment space

The National Payments Corporation of India (NPCI) had granted permission to WhatsApp in February to operate its payment service to 10 million users in India in the first phase

Covid-19 and the 'techtonic' shift in India Inc's journey towards digital

The pandemic has changed the way businesses across the spectrum look at technology adoption--it no longer fascinates simply because it has become a necessity

Retail payments register 28% jump in June; digital mode sees 23% rise

Total digital payments in the economy recovered to Rs 113.4 trillion in June, compared to Rs 92.03 trillion in May, up 23 per cent

RBI allows offline payments of up to Rs 200 through cards on pilot basis

The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

Digital payments see good growth in Jul; UPI transactions up 11% to 1.49 bn

While there was a blip in the transactions in April due to the nation-wide lockdown, digital payment transactions soon recovered as the nation opened up

Govt document reveals cybersecurity lapses at NPCI in 2019: Report

The govt audit highlights a lack of encryption of personal data at the National Payments Corporation of India (NPCI) which forms the backbone of the country's digital payments system

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts