Page 4 - Digital Transactions

Digital transactions up 52% in festival season, says report

PayU registered a record high of 8 million transactions on a single day on October 3

Pity Indian policymakers who don't know which data to go by for economy

Designing policies meant for a smaller economy that is actually larger is sure to have unintended side effects.

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

NPCI looks at $1 trillion worth of transactions through UPI on annual basis

The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country

Data privacy, safeguarding client details important: FM Sitharaman

Sitharaman added that safeguard of client data is the backbone to bringing trust

Indians embrace digital: Over 300 mn smartphone users use digital payments

From 'tankhwa' and 'kiraya', for 'shagun' and 'jugaad', digital payment is a pan-India habit

Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam

Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years

Processing about $1.5 billion transactions a month, says PhonePe

Fintech major PhonePe on Thursday said it is processing almost $1.5 billion transactions a month, and about 80 per cent of its users are from tier-II cities and beyond

Auto-debit bounces dip in July as financial stress eases for borrowers

According to the NACH data, of the 86.4-million transactions initiated in July, 33.23 per cent, or 28.7 million transactions, failed, while 57.7 million were successful.

Square deal vaults Afterpay founders to nearly $1.8 billion fortunes

After the deal is completed, Molnar and Eisen will help lead Afterpay's merchant and consumer businesses as part of Square's Seller and Cash App divisions

Paytm's gross merchant volume growing at over 100% in a year: DRHP

In Q1FY22, Paytm's GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year

How the Mastercard incident highlights need for regulating digital trade

The Indian central bank pulled the plug on the US payments network for alleged noncompliance with its controversial local data storage rules introduced three years ago

BharatPe aims $6 bn in annualised transaction processed value from POS biz

BharatPe on Thursday said it is planning to scale up its POS business by three times and has set a target of $6 bn in annualised transaction processed value by the end of 2021-22.

UPI logs phenomenal growth, other nations keen to learn from India: Panda

Several countries have shown interest to learn from Indian experience so that they could replicate the model: Financial Services Secretary Debasish Panda

Pandemic helped all banks in improving digital transactions: CSB Bank CEO

CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

Digital payment transactions recover in June as Covid-19 lockdowns ease

In March, UPI had recorded a fresh high of 2.73 billion transactions amounting to Rs 5.04 trillion.

BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore

This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.

SoftBank's PayPay surges ahead in Japan's digital payments race

PayPay is emerging as key driver of a government-supported consumer shift away from cash as Japan grapples with deepening labour shortages