The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing
Google Pay has two security steps: unlocking the app and using UPI PIN for transactions. Despite these, suspicious activity may still arise. So what's the way out? Watch the video to know more
Tech giant commits to roll out first locally made Pixel phone by 2024
The average ticket size of UPI in the first six months of 2023 was 10% lower than the same period last year showing its growing penetration and increasing adoption of small payments
The Delhi High Court has rejected two public interest litigations seeking directions to cease the operations of Google Pay for alleged violation of regulatory and privacy norms in the country. Petitioner Abhijit Mishra alleged that the operations of Google Pay in India as a payment system provider were unauthorised as it did not have the necessary permission. Dismissing the petitions, a bench headed by Chief Justice Satish Chandra Sharma said Google Pay is mere third-party app provider which requires no authorisation from RBI under the Payments and Settlement Systems Act (PSS Act) and there was no merit in the pleas. The petitioner claimed that Google Pay did not find a mention under the list of entities authorised under the PSS Act and other statutory regulations for setting up and operating a payment system in India. Concerns were also raised in relation to Google Pay's unfettered access to its customers' personal information such as Aadhaar, PAN and other transaction details. I
Users can download the Google Pay app from the Play Store or App Store
Company says it will not store Aadhaar numbers and will act as a facilitator for validation
This feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank of India
The report citing sources added that e-commerce platform Flipkart is also hopping on the bandwagon and has started its work for UPI offerings
Anti-trust regulator has asked tech giant to not restrict app developers from using third-party billing services
ADIF says necessity to find a more equitable solution that benefits all stakeholders
Google Play has been infiltrated by a new Android malware called 'Goldoson', which has been discovered in 60 legitimate apps with a combined total of 100 million downloads.
PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI
From accounting for a quarter of all UPI transactions, app now has a share of just 0.76%
The search giant is piloting a soundbox of its own in the country to alert sellers of confirmations for Unified Payments Interface (UPI)-based payments, reports TechCrunch
Hints at the need to make transactions on the platform chargeable
The free run for PhonePe and Google Pay is likely to continue, as the 30% market cap mandate will not come into force for another two years. So, what does it mean for new players like WhatsApp?
Players wanted five-year extension on the market cap deadline
Deal expected to be closed in two-four weeks, says source
UPI payment apps like Google Pay, PhonePe, Paytm, and others may soon impose a limit on the transaction