Page 4 - Payments App

NPCI apologises to investors, starts exclusive clearing system for MFs

Last week, several MF investors had faced glitches in payments via UPI, which NPCI attributed to 'migration of systems'

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks

Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel

Hard for Visa, MasterCard to challenge FM Sitharaman's RuPay push

Though difficult to compete with RuPay, these firms can remain relevant in India's hugely underpenetrated market, say experts

Google eyes wider user base, more revenue streams from Google Pay platform

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 ...

How PhonePe is inching towards becoming market leader in the payments space

The Walmart-backed payments firm's market share stands at 33.4%, behind market leader Paytm's 42%; but its app was used in 53% of smartphones in the domestic market, compared to Paytm's 51.3%

Consumers using third-party payment apps much more than bank: Survey

The survey found that consumers in China, India and Latin America are more open to banking with technology firms than others, while millennial in almost every country are open to this