digital payments

Walmart-owned PhonePe widens FY19 losses; raises $57 mn via rights issue

Shashank Didmishe

Walmart-owned digital payments firm PhonePe reported a three-fold growth in revenues for the financial year 2018-19 but the gain ....

30 October, 2019

Banking and securities sector IT spending in India to grow 9% in 2020: Gartner

Prajeet Nair

The banking and securities sector in India will continue to increase its investments in digital business, which will reach $11 ....

22 October, 2019
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TCS to roll out payment solutions platform BaNCS in US

Team TC

Mumbai-based information technology services provider Tata Consultancy Services (TCS) is set to roll out its real-time payments ....

23 September, 2019

Now apply for IPOs via PhonePe

Team TC

Users of Flipkart-owned digital payments platform PhonePe can now subscribe to initial public offerings (IPOs) by using their ....

18 September, 2019

StalkBuyLove runs out of cash; Amazon plans kiosks in colleges, offices

Team TC

Online fashion retailer StalkBuyLove runs out of money. Amazon to set up pickup kiosks in colleges, office complexes. StalkBuyLove ....

12 September, 2019

Fintech startup EnKash launches credit card for MSMEs, startups

Team TC

Mumbai-based fintech startup EnKash, run by Nehat Tech Solutions, has launched a corporate credit card for the micro, small and ....

12 August, 2019
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Infibeam Q1 consolidated profit up 129%

Shweta Sharma

Digital payments platform Infibeam Avenues reported a consolidated net profit of Rs 28.8 crore for the first quarter ended June ....

9 August, 2019

RBI to set up central fraud registry for digital payments

Payal Ganguly

Digital payments service providers will now have to report payment frauds to a Central Payment Fraud Registry to be set up by ....

8 August, 2019

Digital payments enabler Mswipe launches app store for POS devices

Om Athavale

Mumbai-based point-of-sale (POS) merchants platform operator Mswipe Technologies Pvt Ltd announced the launch of Money Store, ....

9 July, 2019

Max Bupa Health Insurance's bite-sized products to go live on MobiKwik app

Om Athavale

Max Bupa Health Insurance Co. Ltd on Wednesday said it will make available its “bite-sized” products for customers ....

26 June, 2019
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Prime Venture Partners invests seed money in fintech startup Recko

Payal Ganguly

Recko, a fintech startup that helps companies reconcile digital transactions, has raised $1 million (around Rs 6.93 crore) in ....

26 June, 2019

Amazon Pay strengthens war chest with fresh infusion from parent

Payal Ganguly

Amazon Corporate Holdings Singapore has led an infusion of Rs 450 crore ($64.2 million) in Amazon Pay, the e-commerce platform’s ....

24 June, 2019

Paytm shifts focus of cashback strategy to offline merchants

Shweta Sharma

Digital payments unicorn Paytm is shifting the focus of its cashback-based incentive strategy from peer-to-peer (P2P) transactions ....

20 June, 2019

India’s digital payments to more than double in value by 2023: Assocham-PwC report

Vignesh Ananthraj

The value of India’s digital payment transactions is projected to more than double to $135 billion in 2023, from $64.8 billion ....

17 June, 2019

Paytm rolls out AI engine to bump up payment success rate

Om Athavale

Payments platform Paytm, run by One97 Communications, on Friday announced the launch of its artificial intelligence (AI)-based ....

14 June, 2019

Mastercard partners with PaySwiff to boost digital payments in small-town India

Kavya Kothiyal

Global payments giant Mastercard has tied up with point-of-sale (PoS) solutions provider Payswiff to boost the acceptance of digital ....

10 June, 2019

Mobikwik claims pole position in IMPS transactions among digital payment firms

Vijayakumar Pitchiah

Digital payments firm Mobikwik said it clocked the highest number of Immediate Payment Service (IMPS) transactions among digital ....

10 June, 2019

RBI looms large this week, with its digital payments agenda

Payal Ganguly

The Reserve Bank of India (RBI) dominated the policy space this week, releasing a report that benchmarked India’s digital ....

7 June, 2019

Digital payments in India accelerated in FY19 due to UPI: RBI report

Payal Ganguly

The volume of retail electronic payments in India grew at an annual pace of more than 50% from 2015 to 2019 driven by higher financial ....

6 June, 2019

Airtel Payments Bank enables UPI-based payments at merchant locations

Om Athavale

Airtel Payments Bank said on Tuesday it has enabled Unified Payments Interface-based payments at more than 500,000 merchant points ....

4 June, 2019

Nilekani-led panel suggests measures to grow digital transactions tenfold by 2021

Payal Ganguly

A five-member committee headed by former Unique Identification Authority of India (UIDAI) chairman Nandan Nilekani has envisioned ....

4 June, 2019