Last year, Google also made available a similar offering in India under the brand 'Jobs as a Spot' on Google Pay app
Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"
While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India
The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22
Google India on Thursday said it will work with financial institutions to help merchants get loans via its Google Pay for Business offering.
The clarification came after a buzz on social media that issues arising while transferring money through Google Pay are not protected by law as the app is unauthorised
Nearby Stores spot on Google Pay helps users see which stores, providing essential goods, are open in their vicinity
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
The petitioner approached the high court after Google Pay did not allow him to contribute to the PM CARES Fund, without making another VPA or UPI ID on its own app.
The social media giant apparently seeks to catch up on mobile commerce after its WhatsApp Pay failed to make a mark
All PhonePe employees, including over 8,500 offline sales agents and more than 1500 customer service agents including third-party contract workers, have been mandated to work from home
Their integrated financial services EpiFi platform aims to have all products on a single dashboard including savings accounts, investment opportunities, lending, fund transfer and insurance
A week ago Sameer Nigam-led PhonePe launched its own ATM, a first of its kind service in India that enables neighbourhood stores to act as ATMs for PhonePe users
Paytm is bigger than everybody else combined in the market, added the Paytm CEO
All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019
PhonePe, which competes with Alibaba-backed Paytm, Amazon Pay and Google Pay, claimed it is India's first digital payment platform to launch international travel insurance.
PhonePe said there will not be any charges for customers or merchants to avail of this service
Fresh investment comes at a time when CCI has ordered an investigation against Amazon and Walmart-owned Flipkart on complaints of deep discounting practices and tie-ups with preferred sellers
TikTok was the breakout social app of 2019 in the Indian market, while PUBG Mobile saw the highest consumer spend in games in the country
Kolkata, 26 NovemberWith an eye to grow its customer base in the country and increase the volume of annual transactions, Google might further monetise services on its payments platform, Google Pay."In case of recharges and travel, there is already an established commercial model in place but we don't charge the consumers or the merchant as of today; it works on other parameters. For the personal loans and gold investment services, there is a certain fee involved," said Sharath Bulusu, director of product management at Google Pay.He did not specify the sectors or services the global information technology giant is now eyeing to open new revenue streams. Asked if it will be on new services or existing ones, he said, "At this point, I really can't say...We are watching and observing this space."As part of its near-term strategy in India, Bulusu said the focus is to further the customer base and promote UPI (Unified Payments Interface) transactions. It is also in talks with financial ...