Digital Payments

Digital Payments News

UPI payments: Some trends worthy to watch out for
Business

UPI payments: Some trends worthy to watch out for

With over 100 million monthly active users in India, and a jump of a whopping 427% in usage between March 2020 and August 2022, the growth of UPI has been colossal.  After the staggering success of the first phase, UPI is gearing up for its next phase of growth

NPCI internationalising Indian rupee as the world deliberates on dedollarisation
India

NPCI internationalising Indian rupee as the world deliberates on dedollarisation

With countries like Russia shifting its trade from US dollar to ruble, China pushing its trade in yuan, and now India initiating payments and receipts in Indian rupee, a slow process of dedollarisation has begun

UPI transactions failing or getting stuck? Check few tricks to resolve the issue
Business

UPI transactions failing or getting stuck? Check few tricks to resolve the issue

People face several issues while making a digital payment through UPI as the process sometimes gets paused and can sometimes also fail, leaving the money stuck in between the sender and the receiver

Start-up space is not without its challenges but there's no funding winter for angel investors
Business

Start-up space is not without its challenges but there's no funding winter for angel investors

A sluggish market is the best time to start your investment journey in the start-up space or to double down on your investments

How can you add a bank account in Paytm?
How To

How can you add a bank account in Paytm?

Paytm has a 14 percent market share of the digital payment space, according to a report from PhonePe and Boston Consulting Group (BCG).

Google has a cool ‘Hinglish’ feature on Google Pay. Here's how to activate and use it
How To

Google has a cool ‘Hinglish’ feature on Google Pay. Here's how to activate and use it

Apart from Hindi, Bengali, Gujarati, Marathi and a whole lot of other Indian languages, the Google Pay app in India also supports ‘Hinglish’ that is Hindi, written in the Roman script.

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016
Business

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016

Prime Minister Narendra Modi said that digital payments were very much helpful during the COVID-19 pandemic

softPOS, challenges and opportunities: All you need to know
Business

softPOS, challenges and opportunities: All you need to know

softPOS systems are modernised cash registers that aid in the management and improvement of a wide range of business processes, including data collection, accounting, product and inventory management, as well as sales processing

Contactless payments in India surge six times in three years: Report
Business

Contactless payments in India surge six times in three years: Report

The report titled 'India taps into a Contactless Future’ has been done jointly by global digital payments leader Visa and payments processor Worldline

How mobile marketing is helping brands to reach and engage with rural audience
Business

How mobile marketing is helping brands to reach and engage with rural audience

Low prices of mobile devices and broadband have created a massive potential for marketers to play out their hunger games with vast, hitherto untapped audiences

The anti-Cassandra of our times: How Raghuram Rajan betrays his own sermons
Business

The anti-Cassandra of our times: How Raghuram Rajan betrays his own sermons

Former RBI governor Raghuram Rajan represents the mindset and the ecosystem that has for the past eight years tried to scuttle India’s growth trajectory at every opportunity

Digital payments: A look at how they work, the cost of your transaction and other questions answered
Business

Digital payments: A look at how they work, the cost of your transaction and other questions answered

Even though a transaction is mainly a debit and credit between two banks, there are many intermediaries that facilitate these transactions.

Impending COVID-19 third wave, shifting regulatory landscape leave small and micro businesses facing uncertainty
Business

Impending COVID-19 third wave, shifting regulatory landscape leave small and micro businesses facing uncertainty

A moratorium during the first wave helped lenders and borrowers at least temporarily ward off financial stress, but this benefit was not available to them in the second wave

IT Minister asks bankers to create robust, digital platform for easy credit availability to small businesses
India

IT Minister asks bankers to create robust, digital platform for easy credit availability to small businesses

Speaking to reporters on the sidelines of the event, IT Minister Ashwini Vaishnav further said the idea was to ensure that easy credit at good terms, through a seamless process could be made available to micro and small industries, small businessesmen, street vendors among others

Paytm expects revenue, monetisation methods to expand in next few quarters: CEO
Business

Paytm expects revenue, monetisation methods to expand in next few quarters: CEO

Paytm had posted a loss of Rs 436.7 crore in the same quarter a year ago, according to an exchange filing

Economist, you are wrong! India’s poor are very much a part of its digital success story
India

Economist, you are wrong! India’s poor are very much a part of its digital success story

The Indian digital revolution, though a work in progress, is an astounding success. But the ‘Economist’ thinks it will leave out the poorest and create a great divide between the haves and have-nots

Square announces its plan to make a hardware wallet to make bitcoin custody 'more mainstream'
News & Analysis

Square announces its plan to make a hardware wallet to make bitcoin custody 'more mainstream'

The company has not mentioned any specific timeline as to when it will launch the wallet as of now.

Jio users can now recharge their numbers via WhatsApp: How it works
News & Analysis

Jio users can now recharge their numbers via WhatsApp: How it works

Users will also options to choose from different payment methods including e-wallets, UPI, credit and debit cards and so on.

2020 in review: Digital payments policy initiatives in 2020 that could have a lasting impact
India

2020 in review: Digital payments policy initiatives in 2020 that could have a lasting impact

Overall, the RBI has shown a welcome range in its focus last year, from financial inclusion, promoting innovation to easing payments in the pandemic.

Coronavirus Outbreak: Paytm records 4 times growth in payments made to merchants during lockdown
Business

Coronavirus Outbreak: Paytm records 4 times growth in payments made to merchants during lockdown

Digital payments firm Paytm has recorded around four-fold jump in payments received by merchants in its new ledger service amid the coronavirus pandemic, a senior company official said on Thursday