Digital Payments

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Digital Payments - Total results - 223
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

Coronavirus Outbreak: Ahmedabad decides to go digital to prevent the spread of the virus through currency
Business

Coronavirus Outbreak: Ahmedabad decides to go digital to prevent the spread of the virus through currency

From 15 May, all home deliveries will have to be paid digitally and no cash on delivery will be accepted.

Agriculture Minister Narendra Singh Tomar says 117 more mandis join eNAM platform; total number reaches 962 across India
Business

Agriculture Minister Narendra Singh Tomar says 117 more mandis join eNAM platform; total number reaches 962 across India

Integration of APMC mandis with eNAM will strengthen and facilitate farmers to sell their harvested produce through the online portal, he said.

Paytm launches Rs 100 cr loyalty scheme for kirana stores to cover up merchant charges
Business

Paytm launches Rs 100 cr loyalty scheme for kirana stores to cover up merchant charges

Digital payment firm Paytm on Tuesday announced a Rs 100 crore loyalty programme for grocery stores to cover up losses faced by merchants from transaction charges

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown
Business

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

RBI's new motto after demonetisation: Cash is king, but digital is divine; digital payments witness 61% CAGR growth
Business

RBI's new motto after demonetisation: Cash is king, but digital is divine; digital payments witness 61% CAGR growth

With 'cash is king, but digital is divine' motto, the Reserve Bank on Monday said its endeavour will be to make digital payments a divine experience for the users after being buoyed by over Rs 3.5 lakh crore reduction in the notes in circulation (NIC) post demonetisation

Pine Labs CEO Vicky Bindra quits, leaving the digital payments company in leadership vacuum
News & Analysis

Pine Labs CEO Vicky Bindra quits, leaving the digital payments company in leadership vacuum

Lokvir Kapoor, the current executive chairman of Pine Labs might step in for the interim period.

Zero-MDR: Is India pioneering a global business model for digital payments?
News & Analysis

Zero-MDR: Is India pioneering a global business model for digital payments?

Historically, digital payments around the world have been driven by the American model defined by card associations.

Online payment provider Instamojo acquires start-up GetMeAShop in an all-stock deal
News & Analysis

Online payment provider Instamojo acquires start-up GetMeAShop in an all-stock deal

Times Internet, which backed GetMeAShop, becomes an investor in Instamojo through the deal, gets board observer role.

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
News & Analysis

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish

In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough.

Budget 2020: Govt should revisit spectrum charges, other levies; offer amnesty schemes to telecom firms to enable 5G launch
Business

Budget 2020: Govt should revisit spectrum charges, other levies; offer amnesty schemes to telecom firms to enable 5G launch

Some incumbent players have begun reconsidering their future investment plans for 5G and national broadband, which are slated to form the fulcrum of the government’s ambitious Digital Communications Policy.

Pine Labs secures undisclosed funding from Mastercard for expansion of digital payments adoption in India
News & Analysis

Pine Labs secures undisclosed funding from Mastercard for expansion of digital payments adoption in India

Mastercard joins PayPal and Temasek who pumped in around $125 million over 2018 into Pine Labs.

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report
Business

Bengaluru, Delhi and Hyderabad lead digital merchant payments; account for over 40% transactions in 2019: Report

Digital transactions are estimated to have grown by 338 percent from 2018 to 2019, according to the Razorpay report

Investments in Indian tech startups grew 18% in 2019; Delhi-NCR, Bengaluru account for lion's share of funds: Report
Business

Investments in Indian tech startups grew 18% in 2019; Delhi-NCR, Bengaluru account for lion's share of funds: Report

Globally, the total funding for technology startups is estimated to have dipped by 22 percent to $293 billion from $375 billion in 2018, with a 27 percent drop in deals

Demonetisation helped in reducing incremental growth in currency notes by Rs 3 lakh cr: Nirmala Sitharaman
Business

Demonetisation helped in reducing incremental growth in currency notes by Rs 3 lakh cr: Nirmala Sitharaman

The government on Tuesday said demonetisation followed by digitalisation has succeeded in reducing incremental growth in currency in circulation by over Rs 3 lakh crore

Flipkart-owned digital payments company PhonePe receives Rs 585.6-cr fund in latest round
Business

Flipkart-owned digital payments company PhonePe receives Rs 585.6-cr fund in latest round

Flipkart-owned digital payments company PhonePe has received a fund infusion of about Rs 585.66 crore from its parent firm in another round, according to regulatory filings

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
Business

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion

When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January
Business

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January

Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system

Demonetisation anniversary: Congress slams Centre's 'Tughlaqi blunder', govt hails 'milestone' in fight against corruption
India

Demonetisation anniversary: Congress slams Centre's 'Tughlaqi blunder', govt hails 'milestone' in fight against corruption

The Congress on Friday launched a multi-pronged attack on the Narendra Modi government on the third anniversary of its demonetisation move even as voices from within the government lauded the prime minister for waging a war against 'black money'

Demonetisation anniversary: Rs 2,000 notes being hoarded, says former economic affairs secretary SC Garg
Business

Demonetisation anniversary: Rs 2,000 notes being hoarded, says former economic affairs secretary SC Garg

On the third anniversary of demonetisation, former economic affairs secretary SC Garg said the Rs 2,000 note, which the Modi government brought replacing older 500 and 1,000 notes, were being hoarded and should be demonetised