Digital payments in India more than double since 2021, cash transactions fall
Oct 24, 2024, at 04:45 am
New Delhi: Cash continues to account for 60% of consumer expenditure, though its share is steadily declining due to a post-Covid shift toward digital payments, as of March 2024, according to a study by a Reserve Bank of India (RBI) economist, reported The Economic Times.
Paytm COO Bhavesh Gupta steps down citing personal reasons
May 05, 2024, at 04:58 am
Mumbai: Digital payments and financial services company Paytm announced the exit of its Chief Operating Officer and President Bhavesh Gupta in an official filing to regulatory authorities on May 4.
NPCI appoints Vishal Kanvaty as CTO
Apr 12, 2023, at 04:54 am
New Delhi/IBNS: National Payments Corporation of India (NPCI) has appointed Vishal Anand Kanvaty as its Chief Technology Officer (CTO), a statement said on Tuesday.
ICICI Bank introduces EMI facility for UPI payments by scanning QR code
Apr 12, 2023, at 03:22 am
Mumbai: ICICI Bank Tuesday announced that it has introduced an easy EMI facility for UPI payments made by scanning QR code.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Mar 18, 2023, at 05:39 am
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
Paytm offers cashback on booking LPG cylinders
Nov 30, 2022, at 08:58 pm
Indian digital payments firm Paytm has started offering cashback on booking of LPG cylinders on its app across Bharatgas, Indane and HP Gas.
Pandemic boosts digital India, J&K tops list of digitally inclusive states and UTs say study
Apr 13, 2021, at 02:14 am
Mumbai/IBNS: According to a recent study, digital payment transactions in India have gone up by 76 per cent in the January-March period this year compared to what it was in the same period last year.
Payments start up MobiKwik IPO likely by September
Mar 23, 2021, at 03:44 am
Mumbai/IBNS: One MobiKwik System Pvt Ltd is planning an Initial Public Offering by September that could garner between $200 million and $250 million, said a Bloomberg report.
Health insurance, micro-pension products to be available soon on WhatsApp
Dec 18, 2020, at 04:13 am
Mumbai/IBNS: Users of messaging app WhatsApp in India will have access to a string of “critical financial and livelihood services” for which talks are going on with leading banks and service providers.
WhatsApp's UPI payment service starts in India
Nov 06, 2020, at 10:55 pm
Mumbai/IBNS: After years of struggle, Facebook Inc has finally managed to get approval for operating WhatsApp payments in India, starting Friday.
SBI cautions customers against online banking frauds as digital payments grow amid Covid-19
Jul 20, 2020, at 08:27 pm
Mumbai/IBNS: India's largest lender State Bank of India has cautioned its customers against online banking frauds as more and more people are using digital payments and online banking amid the coronavirus pandemic.
India's digital payments projected to more than double to USD 135 billion in 4 years: Study
Jun 16, 2019, at 09:57 am
Kolkata, Jun 16 (UNI) Turbo-charging expansion in the financial technology (FinTech), India's digital payments transaction value is projected to more than double to USD 135.2 billion in 2023 from USD 64.8 billion this year, according to an ASSOCHAM-PWC India study.
Digital Payments: CM committee submits interim report to PM Modi, govt to examine report
Jan 25, 2017, at 07:58 pm
New Delhi, Jan 25 (IBNS): The Union government is yet to take a final decision taken on the recommendations of the Committee of Chief Ministers on Digital Payments, the central Ministry of Finance said on Wednesday.