News

PayNearby and Grameen Foundation India Collaborate to upskill 150,000 Rural Business Correspondents and Generate Employment Opportunities for Women and Youth India’s leading branchless banking and digital network, PayNearby, today announced that it has collaborated with Grameen Foundation for Social Impact (GFSI), a leading non-profit organisation dedicated to uplifting underserved communities, to upskill 150,000 business correspondents (BCs) across Indian hinterland and upgrade them to provide digital and financial services beyond cash-in/cash-out to the underserved and tech-shy last mile population. This will strengthen rural BC counters w...
PayNearby and Grameen Foundation India Collaborate to upskill 150,000 Rural Business Correspondents and Generate Employment Opportunities for Women and Youth
PayNearby and Grameen Foundation India Collaborate to upskill 150,000 Rural Business Correspondents and Generate Employment Opportunities for Women and Youth
Source: PR Agency
4/09/2023 2:09:13 PM
Indian payments firm PhonePe forays into online stock broking Walmart-owned Indian payments firm PhonePe on Wednesday said it had launched a stock broking platform Share.Market that went live with stocks and exchange trading funds, as it expanded its range of financial services. PhonePe, which already offers insurance policies and allows users to invest in mutual funds through its payments app, will look to capitalize on its approximately 400 million user base as it enters a crowded Indian online stock broking platforms space with notable competitors...
Indian payments firm PhonePe forays into online stock broking
Indian payments firm PhonePe forays into online stock broking
Source: Reuters
30/08/2023 2:37:08 PM
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens Prime Minister Narendra Modi on Friday highlighted India's progress in areas such as renewables, startups, pharma, IT, digital payments and infrastructure and the various initiatives undertaken to foster business, during his interaction with industry representatives in Athens at a business lunch hosted by Greek Prime Minister Kyriakos Mitsotakis.  PM Modi acknowledged the role played by industry leaders in strengthening bilateral relations and promoting economic cooperation betwee...
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens
PM Narendra Modi highlights initiatives to push business at meeting with corporates in Athens
Source: IANS
26/08/2023 8:41:13 AM
Reserve Bank of India raises transaction limit for small value offline digital payments to Rs 500 The Reserve Bank of India (RBI) on Thursday raised the transaction limit for small-value digital payments conducted offline to Rs 500 per transaction from the earlier Rs 200. "This directive shall come into effect immediately," a notification issued by the central bank said. It further noted that all other instructions related to the small-value digital payments remain the same. The RBI had proposed to increase the transaction limit in the monetary policy committee address ...
Reserve Bank of India raises transaction limit for small value offline digital payments to Rs 500
Reserve Bank of India raises transaction limit for small value offline digital payments to Rs 500
Source: IANS
24/08/2023 1:46:58 PM
Paytm leads technology for India`s small shops, solidifies in-store payments leadership with 82L devices Paytm, India’s leading payments and financial services company and the pioneer of mobile payments, QR codes and Soundbox, recently announced its business operating performance metrics for July 2023. The fintech giant continues to solidify its leadership in in-store payments with 82 lakh devices deployed, a growth of 101 per cent YoY. In one month, Paytm has added 3.8 lakh devices, crossing a new milestone in in-store payments. With its innovations, Paytm is bringing technology to sma...
Paytm leads technology for India`s small shops, solidifies in-store payments leadership with 82L devices
Paytm leads technology for India`s small shops, solidifies in-store payments leadership with 82L devices
Source: IANS
4/08/2023 9:16:39 AM
Hitachi Payment Services to acquire Writer Corporation`s Cash Management Business; to become an end-to-end payments and commerce solutions provider Hitachi Payment Services, India’s leading integrated payment solutions provider, has entered into an agreement to acquire the Cash Management Business of Writer Corporation, a multi-business enterprise.   In the Cash Management industry, Writer Safeguard - the Cash Management Business of Writer Corporation, has been providing comprehensive cash services including ATM cash replenishment and retail cash pick-up services to corporate clients in India since 2001. Writer Sa...
Hitachi Payment Services to acquire Writer Corporation`s Cash Management Business; to become an end-to-end payments and commerce solutions provider
Hitachi Payment Services to acquire Writer Corporation`s Cash Management Business; to become an end-to-end payments and commerce solutions provider
Source: PR Agency
26/07/2023 4:36:43 PM
PayNearby focuses on championing health transformation across Bharat through the launch of its Health Correspondent Program PayNearby, India's leading branchless banking and digital network, has launched the Health Correspondents* Program with an aim to make quality healthcare affordable and accessible to the country’s most vulnerable and last-mile population. This is in line with the company’s nation building pledge to make all essential services available for the country’s underserved population and ensure overall transformation of Bharat through a mass transformation approach. Th...
PayNearby focuses on championing health transformation across Bharat through the launch of its Health Correspondent Program
PayNearby focuses on championing health transformation across Bharat through the launch of its Health Correspondent Program
Source: PR Agency
24/07/2023 2:13:11 PM
Paytm scores profit for three straight quarters; posts revenue of Rs 2,342 cr, growth of 39% YoY in Q1FY24 India’s leading payments and financial services company Paytm has shown yet another impressive quarterly growth, registering a bumper revenue uptick of 39 per cent YoY, taking its revenue to Rs 2,342 crore in Q1FY24. This was achieved by increase in GMV, merchant subscription revenues, and growth of loans registered on the platform.  Paytm’s EBITDA before ESOP saw a significant improvement of Rs 359 crore YoY to Rs 84 crore, compared to Rs 52 crore in Q4FY23 (excluding the...
Paytm scores profit for three straight quarters; posts revenue of Rs 2,342 cr, growth of 39% YoY in Q1FY24
Paytm scores profit for three straight quarters; posts revenue of Rs 2,342 cr, growth of 39% YoY in Q1FY24
Source: IANS
22/07/2023 9:03:10 AM
Amendments To KYC Norms Will Create A Robust, Inclusive Digital Payment Ecosystem: Fintech Convergence Council The Fintech Convergence Council (FCC), which functions under the aegis of the Internet and Mobile Association of India (IAMAI), welcomes the recent amendments to the Master Directions on Know Your Customer (KYC) Directions, 2016, by the Reserve Bank of India (RBI).   Srinivas Jain, Co-Chair, FCC, and Executive Director and Head of Strategy, SBI Mutual Fund, said, "The amendments to the KYC norms are aligned with the recent amendments in the Prevention of Money Laundering ...
Amendments To KYC Norms Will Create A Robust, Inclusive Digital Payment Ecosystem: Fintech Convergence Council
Amendments To KYC Norms Will Create A Robust, Inclusive Digital Payment Ecosystem: Fintech Convergence Council
Source: PR Agency
8/05/2023 12:18:28 PM
Worldline`s India Digital Payments Annual Report 2022 Mumbai, 17 April 2023 – Worldline, a global leader in payment services, has published the -‘India Digital Payments Annual Report' for 2022 today. The report encapsulates important payment trends of the industry for the calendar year 2022 and has derived some unique insights How India Pays? In 2022, payment modes like UPI, Debit and Credit cards, Prepaid Payment Instruments – Mobile and Prepaid cards processed 87.92 billion transactions wort...
Worldline`s India Digital Payments Annual Report 2022
Worldline`s India Digital Payments Annual Report 2022
Source: PR Agency
17/04/2023 1:58:10 PM
Nepal, India to sign cross-border digital payments deal Nepal and India are set to sign an agreement for cross-border digital payments using e-wallet, which is expected to boost trade and tourism by eliminating currency hassles. The deal is expected to be signed during Prime Minister Pushpa Kamal Dahal's visit to India sometime this month, according to Nepali media reports. The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm. According to the repor...
Nepal, India to sign cross-border digital payments deal
Nepal, India to sign cross-border digital payments deal
Source: IANS
11/04/2023 11:40:45 AM
UPI is free, fast, secure and seamless In the recent times, UPI has emerged as preferred mode of digital payment by offering free, fast, secure and seamless experience. Traditionally, the most preferred method of UPI transactions is linking the Bank account in any UPI enabled app for making payments which contributes over 99.9% of total UPI transactions. These Bank account-to-account transactions continue to remain free for Customers and Merchants. Recent regulatory guidelines, the Prepaid Payment Instruments (PPI Wallets) have...
UPI is free, fast, secure and seamless
UPI is free, fast, secure and seamless
Source: PR Agency
29/03/2023 3:08:43 PM
Paytm launches G20-theme QR Code, celebrates India's presidency One97 Communications Limited that owns leading payments and financial services company Paytm, on Friday launched a special G20-theme, QR Code to celebrate India's presidency of the inter-governmental forum and the country's leadership in mobile payments. The QR code was launched by Ashwini Vaishnaw, Union Minister for Railways and IT, during the 'Digital Payments Utsav' at the India Habitat Centre here. Paytm has played an important role in the mobile payments revolution...
Paytm launches G20-theme QR Code, celebrates India's presidency
Paytm launches G20-theme QR Code, celebrates India's presidency
Source: IANS
10/02/2023 1:58:12 PM
Digital payment regulation board & waiving of charges on digital payments demanded Faster adoption and acceptance of digital payments in India among the trading community and general masses can be achieved if transaction charges levied by the banks on digital payments is waived and a Digital Payments Regulation Board is constituted, opined trade leaders at a national seminar held by the Confederation of All India Traders (CAIT). The seminar was inaugurated by Rohit Singh, Secretary, Consumer Affairs and also attended by Navneet Goel, Chief Commissioner, CGST, Excise &...
Digital payment regulation board & waiving of charges on digital payments demanded
Digital payment regulation board & waiving of charges on digital payments demanded
Source: IANS
9/02/2023 4:08:11 PM
Finance Minister Nirmala Sitharaman holds virtual meeting with IMF chief During a virtual meeting with IMF chief Kristalina Georgieva, Union Finance Minister Nirmala Sitharaman on Thursday said that debt discussions will be at the forefront during the forthcoming meeting of the G20 Finance Ministers Central Bank Governors (FMCBGs) slated to be held in Bengaluru later this month. India will continue to support the ongoing efforts for orderly and timely implementation of the common framework, the Minister said during the meeting. Along with addressing debt vul...
Finance Minister Nirmala Sitharaman holds virtual meeting with IMF chief
Finance Minister Nirmala Sitharaman holds virtual meeting with IMF chief
Source: Accord Fintech
9/02/2023 12:16:01 PM
Number of digital payment transactions spike in FY 2021-22 The number of digital payment transactions increased significantly during the last few years -- from Rs 2,071 crore in FY 2017-18 to Rs 8,840 crore in FY 2021-22. As per a written reply by the Union Ministry of Electronics in the Lok Sabha on Wednesday, during the last five years, various easy and convenient modes of digital payments, including Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Immediate Payment Service (IMPS), and National Electronic Toll Collection (NETC),...
Number of digital payment transactions spike in FY 2021-22
Number of digital payment transactions spike in FY 2021-22
Source: IANS
8/02/2023 2:27:04 PM
UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value The Unified Payments Interface (UPI)-based transactions hit 8.03 billion in January, a substantial increase from the 7.82 billion transactions recorded in December 2022. According to the data by the National Payments Corporation of India (NPCI), the value of transactions hit nearly Rs 13 trillion in January. The volume of transactions was 7.8 billion, and value was Rs 12.8 trillion in December. This milestone proves that the country is now firmly on the path to becoming a digital-first ...
UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value
UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value
Source: IANS
3/02/2023 2:50:21 PM
`Samsung Pay` to become 'Samsung Wallet` in India on January 31 South Korean giant Samsung will merge its mobile payment solution 'Samsung Pay' and password management application 'Samsung Pass' into 'Samsung Wallet' in India on Tuesday with more exciting features. The tech giant teased from its @SamsungIndia account: "Have you marked your calendar yet? Only 1 day left for Samsung Pay's big transformation! Buckle up and watch this space to know more! T&C apply." According to a video attached to the tweet, th...
`Samsung Pay` to become 'Samsung Wallet` in India on January 31
`Samsung Pay` to become 'Samsung Wallet` in India on January 31
Source: IANS
30/01/2023 10:58:51 AM
OPPO India, MeitY's CSC Academy to train 10K women in cyber skills  OPPO India and the government's Common service Centre (CSC) Academy have announced they will train 10,000 women in cybersecurity and cyber wellness in the country. The initiative to empower rural and semi-urban women through the 'Cyber Sangini' programme, which is supported by the Ministry of Electronics and IT, aims to equip them with the skills and knowledge needed to become certified 'Cyber Sanginis'. "Our partnership with OPPO, through the 'Cyber S...
OPPO India, MeitY's CSC Academy to train 10K women in cyber skills
OPPO India, MeitY's CSC Academy to train 10K women in cyber skills
Source: IANS
24/01/2023 12:47:17 PM
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News Walmart and other shareholders of digital payments app PhonePe will have to pay tax worth around $1 billion after the fintech firm shifted its headquarters to India from Singapore last year, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Walmart gets $1 billion tax bill for shifting PhonePe HQ to India - Bloomberg News
Source: Reuters
4/01/2023 5:27:24 PM
NPCI defers UPI market cap rules till December 31, 2024 In a major relief for some third-party digital payments players, the National Payments Corporation of India (NPCI) on Friday said it is extending the Unified Payments Interface (UPI) volume cap rules deadline till December 31, 2024. The NPCI initially planned to enforce the UPI market cap rules in January 2021, but delayed it several times. "In view of significant potential of digital payments and the need for multi-fold penetration from its current state, it is imperative that oth...
NPCI defers UPI market cap rules till December 31, 2024
NPCI defers UPI market cap rules till December 31, 2024
Source: IANS
3/12/2022 9:52:17 AM
Indian e-rupee to boost digital payments sans bank accounts  A central bank digital currency (CBDC) can play a key role in providing access to digital payments without the requirement of a bank account and the access would be facilitated by a central bank-issued digital wallet, said industry stakeholders. The rollout of the e-rupee has been one of the most sought-after developments, since its announcement in the FY23 Union budget. Jaya Vaidhyanathan, CEO of BCT Digital, said that the RBI's commencement of the pilot of the digital rupee ...
Indian e-rupee to boost digital payments sans bank accounts
Indian e-rupee to boost digital payments sans bank accounts
Source: IANS
6/11/2022 12:08:43 PM
Digital Payment solutions record unprecedented growth in India  India has been extremely keen on adopting digital payment system fully and has been making giant leaps towards it. During the last three years, digital payment transactions have registered unprecedented growth in India. Easy and convenient modes of digital payment, such as Bharat Interface for Money-Unified Payments Interface (BHIM-UPI); Immediate Payment Service (IMPS); pre-paid payment instruments (PPIs) and National Electronic Toll Collection (NETC) system have registered substant...
Digital Payment solutions record unprecedented growth in India
Digital Payment solutions record unprecedented growth in India
Source: IANS
12/10/2022 5:14:49 PM
Worldlines India Digital Payments Report Q2 2022 Mumbai, India: Worldline India has released the ‘India Digital Payments Report’ for Q2 2022 today. The report highlights the analysis of the transactions available in public databases as well as processed by Worldline India in the second quarter (April – June 2022) and derived some unique insights. How India Pays? In Q2 2022, 20.57 billion transactions in volume and INR 36.08 trillion in terms of value was processed through Debit and Credit cards, Prepaid Payment Instrume...
Worldlines India Digital Payments Report Q2 2022
Worldlines India Digital Payments Report Q2 2022
Source: PR Agency
4/10/2022 3:16:54 PM
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders One97 Communications Limited (OCL) that owns the brand Paytm, India's leading digital payments and financial services company and the pioneer of QR and mobile payments, recently held its 22nd Annual General Meeting, the first as a public listed company. Each of the seven resolutions have been duly passed with over 94 per cent of votes cast in their favour. The company's shareholders have voted with 99.67 per cent majority in favour of Vijay Shekhar Sharma's re-appointment as th...
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders
Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders
Source: IANS
22/08/2022 9:25:09 AM
No service charge on UPI, clarifies Centre The Union Finance Ministry has clarified that no service charge would be levied on UPI transactions. "UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means," the Finance Ministry said in a tweet. "The Govt had provided financial support for #DigitalPayment...
No service charge on UPI, clarifies Centre
No service charge on UPI, clarifies Centre
Source: IANS
22/08/2022 9:17:55 AM
Paytm slips 6% on questions over CEO reappointment, regulatory fears BENGALURU - Shares of India's digital payments firm Paytm fell 6.2% on Friday, hit by a proxy advisory firm's opposition to reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. Institutional Investor Advisory Services has said it opposes the reappointment of Vijay Shekhar Sharma as CEO and managing director at the annual general meeting next week. "Vijay Shekhar Sharma has made several commitments in the past to m...
Paytm slips 6% on questions over CEO reappointment, regulatory fears
Paytm slips 6% on questions over CEO reappointment, regulatory fears
Source: Reuters
12/08/2022 11:49:07 AM
PhonePe enables hassle-free purchase of App Store codes on its platform Leading digital payments platform PhonePe on Wednesday announced that its users can now purchase Apples App Store codes to pay for digital content such as apps, games, music and more. The company said that the codes are available in various denominations on PhonePe, starting from Rs 100 and going up to Rs 10,000. "PhonePe customers can now get complete access to the world of entertainment, including millions of apps available on the App Store," the company said in a statement....
PhonePe enables hassle-free purchase of App Store codes on its platform
PhonePe enables hassle-free purchase of App Store codes on its platform
Source: IANS
10/08/2022 2:53:39 PM
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC Reliance Retail-based Dunzos B2B logistics arm, Dunzo for Business (D4B), on Thursday announced its partnership with the governments Open Network for Digital Commerce (ONDC) to provide last-mile delivery services to local enterprises on the ONDC network. D4B has a fleet of over 75,000 delivery partners, connecting over 20,000 merchants to customers and running millions of orders every month. GrowthFalcons is one of the first businesses D4B has serviced on ONDC. "We are very happ...
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC
Source: IANS
4/08/2022 6:57:27 PM
PM Modi lauds UPI transactions crossing record 6 bn in July Prime Minister Narendra Modi on Tuesday hailed the achievement of Unified Payments Interface (UPI) transactions crossing 6 billion in July -- the highest ever since its launch six years back. According to data released by the National Payments Corporation of India (NPCI), UPI reported 6.28 billion transactions worth Rs 10.62 trillion in July -- an increase of 7 per cent over June. "This is an outstanding accomplishment. It indicates the collective resolve of the people of India to ...
PM Modi lauds UPI transactions crossing record 6 bn in July
PM Modi lauds UPI transactions crossing record 6 bn in July
Source: IANS
2/08/2022 2:18:18 PM
Worldline `India Digital Payments Report` Q1 2022 Mumbai : Worldline has released the ‘India Digital Payments Report’ Q1 2022 wherein they have analyzed the transactions available in public databases as well as transactions processed by them in the first quarter (January – March 2022) and derived some unique insights. How India Pays? In Q1 2022, 9.36 billion transactions amounting to INR 10.25 trillion were processed through payment modes like Debit and Credit cards, Prepaid Payment Instruments like mobile wallet...
Worldline `India Digital Payments Report` Q1 2022
Worldline `India Digital Payments Report` Q1 2022
Source: PR Agency
27/06/2022 3:11:41 PM
PayNearby extends digital payment and banking services to Indo-China and Indo-Pak borders Mumbai : In continuation with its commitment to financially and digitally empower the last mile across the length and breadth of the country, PayNearby, India’s leading digital payments company and largest branchless banking network, today announced that it is now available in Jammu & Kashmir along with Sela Pass in Arunachal Pradesh on the Indo-China border and Lakhpat Gujarat on the Indo-Pakistan border. PayNearby has enabled QR codes and Micro ATMs at local shops to upgrade ...
PayNearby extends digital payment and banking services to Indo-China and Indo-Pak borders
PayNearby extends digital payment and banking services to Indo-China and Indo-Pak borders
Source: PR Agency
26/05/2022 3:51:37 PM
Best practices to drive safe and secure digital payments In our cities, digital payments have become commonplace. We're astounded by how much more we can do with our finances online. Many of us have gone cashless due to the ease of use and accessibility. The increasing popularity and use of digital payments raises a critical question. How many of us have any idea what we're doing? Are we utilising all of the tools at our disposal as we try to wrap our heads around conducting online transactions? If you need a refresher on how to navig...
Best practices to drive safe and secure digital payments
Best practices to drive safe and secure digital payments
Source: IANS
28/04/2022 4:46:19 PM
PhonePe offers cashback on gold, silver purchases via its app Digital payments company PhonePe on Thursday announced exciting offers on the purchase of gold and silver via the app on the auspicious occasion of Akshaya Tritiya. Users can buy the highest purity 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in the form of gold coins or bars from a wide range of design options. "24K gold and silver on PhonePe are of the best value and highest...
PhonePe offers cashback on gold, silver purchases via its app
PhonePe offers cashback on gold, silver purchases via its app
Source: IANS
28/04/2022 12:35:41 PM
150 mn people across 40 countries using Google Pay: Sundar Pichai Hailing the India digital payments growth story, Alphabet and Google CEO Sundar Pichai has said that the company's payments strategy is very similar to the strategy it has for commerce overall. During the company's quarterly earnings call, Pichai said that the digital payments work in India is "certainly what really got everything started". "We now have 150 million people across 40 countries using Google Pay. We're making sure it works across the board, works ...
150 mn people across 40 countries using Google Pay: Sundar Pichai
150 mn people across 40 countries using Google Pay: Sundar Pichai
Source: IANS
27/04/2022 10:18:23 AM
India's Paytm aims to break-even for profitability in 1.5 years BENGALURU - Indian digital payments firm Paytm said on Wednesday it should be able to achieve a breakeven for a key metric of profitability in one-and-a-half years. "We are encouraged by our business momentum, scale of monetization and operating leverage. We expect this to continue, and I believe we should be operating earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven in the next six quarters," founder Vijay Shekhar Sharma said.
India's Paytm aims to break-even for profitability in 1.5 years
India's Paytm aims to break-even for profitability in 1.5 years
Source: Reuters
6/04/2022 11:01:01 AM
Kotak Spreads Awareness on Digital Payments Participates in Digital Payments Utsav, an initiative of Government of India Mumbai, 7 th February, 2022: Kotak Mahindra Bank Ltd (KMBL) today announced that it is running an extensive awareness drive on digital payments as part of the Government of India-led Digital Payments Utsav. In keeping with its digital-first motto, KMBL continues to promote digitalisation of banking through its wide network and via online forums, including social media. The Digital Payments Utsav is a part of th...
Kotak Spreads Awareness on Digital Payments
Kotak Spreads Awareness on Digital Payments
Source: PR Agency
7/02/2022 4:05:12 PM
Paytm Q3 results: Revenue up by 89% to Rs 1,456cr, losses reducing while financial services ramps up rapidly One97 Communications Limited, which Paytm, Indias leading digital payments and financial services company, has shared its Q3 FY2022 results. During the October-December quarter, the company saw its revenues jump by 89 per cent y-o-y to Rs 1,456 crore, EBITDA losses (before ESOP expense) came down to Rs 393 crore from Rs 488 crore during the same quarter in the previous year. This revenue increase was led by high monetization and growth in merchant payments through MDR bearing instruments, ...
Paytm Q3 results: Revenue up by 89% to Rs 1,456cr, losses reducing while financial services ramps up rapidly
Paytm Q3 results: Revenue up by 89% to Rs 1,456cr, losses reducing while financial services ramps up rapidly
Source: IANS
5/02/2022 3:12:57 PM
Paytm's businesses won't be impacted by upcoming regulations in digital payments: Analysts The central bank's recent decision to create a discussion paper on digital payment charges has left a murmur in the markets, especially on its potential impact on banks and digital payment players like Paytm. However, analysts said on Monday that the recently-listed Paytm is unlikely to get impacted with these charges. "The digital payments ecosystem has rapidly grown in the past five years and has propelled India to the top of the global rankings. The sector has witnessed high co...
Paytm's businesses won't be impacted by upcoming regulations in digital payments: Analysts
Paytm's businesses won't be impacted by upcoming regulations in digital payments: Analysts
Source: IANS
31/01/2022 3:02:01 PM
Paytm's Madhur Deora gets additional role as CFO of One97 Communications Paytm, India's leading digital payments and financial services platform, has elevated Madhur Deora to take on the additional responsibility as the CFO of One97 Communications Limited. Currently, Deora holds the role of the company's Group President and CFO. In December 2021, the company, in an exchange filing, had talked about Deora's additional responsibilities, while a recent MCA filing now shows his appointment as the CFO. Deora has been associated with the company for fi...
Paytm's Madhur Deora gets additional role as CFO of One97 Communications
Paytm's Madhur Deora gets additional role as CFO of One97 Communications
Source: IANS
28/01/2022 10:16:49 AM
Digital payments across country register growth of 40% in year through September 2021: RBI The Reserve Bank of India’s (RBI) digital payments index (DPI) that measures the adoption of online transactions has showed that digital payments across the country registered a growth of nearly 40 per cent in a year through September 2021. The newly constituted RBI’s digital payment index (RBI-DPI) stood at 304.06 during September 2021 as against 270.59 in March 2021 and 217.74 in September 2020. The RBI-DPI Index continues to demonstrate significant growth in adoption and dee...
Digital payments across country register growth of 40% in year through September 2021: RBI
Digital payments across country register growth of 40% in year through September 2021: RBI
Source: Accord Fintech
20/01/2022 10:52:23 AM
Digital payments adoption accelerating: RBI-DPI There has been a significant growth in adoption as well as deepening of digital payments across the country, showed the Reserve Bank of India - Digital Payments Index (RBI-DPI) on Wednesday. Accordingly, the index reading for September 2021 rose to 304.06 (index value) from 270.59 in March 2021. "The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country," the RBI said in a statement. Starting from March 20...
Digital payments adoption accelerating: RBI-DPI
Digital payments adoption accelerating: RBI-DPI
Source: IANS
19/01/2022 4:31:41 PM
RBI issues framework for offline digital payments The Reserve Bank of India (RBI) has issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. An offline digital payment means a transaction that does not require internet or telecom connectivity. Offline transactions are expected to give a push to digital transactions in areas with poor or weak internet or telecom connectivity, particularly in semi-urban and rural areas. The new framework is applicable with immediate effect. Under ...
RBI issues framework for offline digital payments
RBI issues framework for offline digital payments
Source: Accord Fintech
4/01/2022 1:00:38 PM
Framework for small value digital payments in offline mode introduced The Reserve Bank of India on Monday released the framework for facilitating small value digital payments in offline mode, which does not require internet or telecom connectivity. Under the framework, transactions with a limit of Rs 200 per transaction and an overall limit of Rs 2,000 for all transactions has been allowed. In a statement on Monday, the RBI said that balance replenishment can, however, only occur in an online mode. Under this new framework, such payments can be carried...
Framework for small value digital payments in offline mode introduced
Framework for small value digital payments in offline mode introduced
Source: IANS
4/01/2022 9:35:29 AM
India's Paytm Payments Bank granted status upgrade NEW DELHI  -India's Paytm Payments Bank has gained central bank approval to function as a scheduled payments bank, it said on Thursday, helping it to expand its financial services operations. As a scheduled payments bank, Paytm Payments can participate in government and companies' request for proposals, primary auctions, fixed-rate and variable rate repos, and reverse repos, along with participation in Marginal Standing Facility. It will also be eligible to be a partner in ...
India's Paytm Payments Bank granted status upgrade
India's Paytm Payments Bank granted status upgrade
Source: Reuters
9/12/2021 4:44:43 PM
RBI to develop UPI for feature phones to boost digital payments With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the largest mobile phone users base, with around 118 crore users. A large part of them use feature phones. "In the first cohort of 'RBI Regulatory Sandbox', some innovators had successfully demonstrated their solutions for feature phone payments, under the theme of 'Retail Payments', the central bank said...
RBI to develop UPI for feature phones to boost digital payments
RBI to develop UPI for feature phones to boost digital payments
Source: IANS
9/12/2021 9:24:52 AM
PhonePe 'SafeCard' enables businesses to implement tokenisation easily  PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with added security. This solution is in compliance with the recent RBI guidelines. PhonePe SafeCard enables businesses to offer tokenisation on their own platforms via a simple API integration. With this solution, businesses can create, process, delete and modify t...
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
Source: IANS
30/11/2021 10:09:24 AM
Quote on digital payment industry and Paytm by Mr. Jyoti Roy, Angel Broking Ltd Below is quote on digital payment industry and Paytm by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    The Covid 19 pandemic has led to an accelerated shift towards a more contactless and digital economy which is leading to a shift from physical to digital transactions. It is estimated that total digital payments will grow at a CAGR of 17% between FY21-FY26 from USD 20.2 trillion to between USD 40-50 trillion. However mobile payments is...
Quote on digital payment industry and Paytm by Mr. Jyoti Roy, Angel Broking Ltd
Quote on digital payment industry and Paytm by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
18/08/2021 10:42:15 AM