Page 25 - Digital Payments

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value

The coronavirus (Covid-19) pandemic has resulted in massive adoption of UPI in the offline and online segments

Facebook simplifies cross-posting across its apps, unifies payment

Facebook said the portal centralises payment, contact and login information across its family of apps

We are a network of networks, says Visa Group's T R Ramachandran

The new-age payments' ecosystem has the potential to upset the apple cart of even a well-entrenched global player like Visa International

PSBs on-board 10 mn account holders on digital payment modes in a month

The campaign, aimed at encouraging customers to use digital banking channels, was launched on August 15 under the aegis of the government's Digital India initiative

IDFC First Bank to launch contactless debit card payment on phone next week

SafePay enables contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day

We don't share customer data with 3rd party outside payments flow: Google

"This is to clarify that press reports on the basis of the affidavit filed by Google before the Delhi High Court, do not represent the complete facts," a Google Pay spokesperson said on Friday

Allowed to share GPay transaction info with NPCI permission: Google to HC

The high court on Thursday listed the matter for hearing on November 10 as the Centre and Reserve Bank of India (RBI) have not filed their responses yet

Over 16.34 bn digital transactions registered in April-Aug: Sanjay Dhotre

Digital payments have increased in the country during the last three years from 2,071 crore digital transactions in FY2017-18 to 3,134 crore in FY2018-19, and further to 4,572 crore in FY2019-20

Google Pay adds tap-to-pay feature for Axis, SBI card users: Details here

Google Pay introduced tokenisation feature at its Google for India 2019

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