RBI has been wary of allowing tech giants in the banking space
Amazon Pay India, the American e-commerce major's payments app, is also set to offer deposit booking services for its customers
The RBI is weighing carefully if this could eventually lead to a backdoor entry of Big Tech in the Indian banking system
With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition
Panel on digital lending may focus on marketplace for banking products
Sajith Sivanandan also dwells on instances where certain offerings have been reported as 'Google Pay's offerings', fueling misinterpretation
The Bill bans major app store operators from forcing software developers to use their payment systems
The Telecommunications Business Act would mandate giving users a free choice of app payment providers
Google Pay wants to push time-deposit products of small Indian banks, breaching banks' historic moat with tech innovation.
American tech giant Google has recently partnered with fintech startup Setu to let users open fixed deposits (FDs) through the digital wallet platform Google Pay
Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions
The acquisition would help PhonePe in its "super app and vernacular language" strategy to integrate various apps on its platform.
Google Pay users in the United States can now transfer money to app customers in India and Singapore
Executive says he will build Coinbase's technology hub in India 'from scratch', hire people
Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO
Starting next week, the Google Pay app settings will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app
Google on Thursday said it will offer users of Google Pay enhanced privacy features, allowing them to take control of their own transaction data
The Walmart-owned firm, which competes with Google Pay, Paytm and Amazon Pay, now processes some 1.07 billion monthly transactions across UPI, cards and wallets
At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid
The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents