Mobikwik targets Rs 1,500 crore in loan disbursements for FY20

Payal Ganguly

Sequoia Capital-backed digital payments platform Mobikwik aims to disburse 1.2 million loans worth Rs 1,500 crore in the current ....

11 November, 2019

No charge on NEFT transactions from Jan 2020; QR codes may be merged

Payal Ganguly

The Reserve Bank of India (RBI) on Friday mandated that banks cannot charge savings bank account customers for online transactions ....

8 November, 2019
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Rewards-based digital payment app TWID raises $1.4 mn

Supriya Roy

Online reward points aggregator TWID has raised about $1.4 million in a seed funding round led by SVC, a family office of first-generation ....

1 October, 2019

EnterpriseTech Dispatch: More jobs in analytics, Railways to use Big Data, AI, Sony's new assistant

Anirban Ghoshal

As more and more enterprises and government organisations look to adopt digital technologies globally, IT services and consultancy ....

30 September, 2019

Developing markets lead growth of non-cash transactions globally: Capgemini

Supriya Roy

Increased adoption of mobile technology and digital wallets have resulted in a record high non-cash transactions globally. Non-cash ....

18 September, 2019

Trifecta Capital, NDTV invest in digital payments platform MobiKwik

Vijayakumar Pitchiah

MobiKwik, the digital payments platform owned by Gurugram-based One MobiKwik Systems Private Limited, has raised $1.27 million ....

15 July, 2019
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MobiKwik partners Singapore’s DT One to offer mobile recharge in over 150 countries

Om Athavale

Gurugram-based One MobiKwik Systems Pvt. Ltd, which operates payments platform MobiKwik, on Tuesday said that it has partnered ....

18 June, 2019

RBI to stick with plan to force payments firms to store data locally

Reuters

The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally ....

11 October, 2018

WhatsApp may hire outgoing Amazon exec Jagannathan for India payments biz

Kavya Kothiyal

Sriraman Jagannathan, who recently resigned from the post of Amazon India’s fin-tech vice-president, may lead WhatsApp Pay ....

24 August, 2018

Hackers prey on SWIFT, steal $13.5 mn from Pune-based Cosmos Bank

Reuters

Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly Rs 944 million ($13.5 million) through ....

14 August, 2018
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Cloud data may have to be stored in India but payment firms may get a breather

Reuters

A panel working on the Indian government’s cloud computing policy wants data generated in India to be stored within the ....

6 August, 2018

IT ministry wants to know how WhatsApp plans to store its payments data

Anirban Ghoshal

The Union IT ministry has sent a letter to the National Payments Corporation of India (NPCI) — the umbrella body for digital ....

1 June, 2018

Banks can’t deal with bitcoin exchanges, payment firms must store data in India: RBI

Anirban Ghoshal

The Reserve Bank of India on Thursday barred banks, non-bank lenders, digital wallets and any other entities it regulates from ....

5 April, 2018

After payments, WhatsApp set to roll out customer support features

Anirban Ghoshal

After launching a payment feature on top of its popular instant messaging platform, WhatsApp is planning to offer customer support ....

8 March, 2018

Enterprise payments firm Airpay secures Series A funding from Kalaari Capital, others

Shruti Jain

Mumbai-based payment services startup Airpay has raised Rs 24 crore ($3.6 million) as part of a Series A round led by Kalaari ....

21 March, 2017

Fin-tech sees sharp funding slowdown, but there's a silver lining: KPMG

Arti Singh

Venture capital (VC) investments in India's fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous ....

22 February, 2017

Flipkart-owned PhonePe crosses 10 million downloads in two months

Priya Singh

Mobile payments entity PhonePe Internet Pvt. Ltd has crossed the 10 million downloads mark on the Google Play Store. The Flipkart-owned ....

11 January, 2017

Payments startup instantPay secures pre-series A funding

Varun Arora

New Delhi-based SMSdaak India Ltd, which operates digital payments startup instantPay, has raised between $3 million and $5 million ....

30 December, 2016

Oxigen partners with eBay for assisted retail

Disha Sharma

Payment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press ....

22 November, 2016

Alibaba Group's global MD Gowrappan joins Paytm board

Arti Singh

Alibaba Group's global managing director K Guru Gowrappan has joined Paytm's board as an additional director. This marks the third ....

27 October, 2016

It may not be a cakewalk for mobile wallet firms, warn panellists at Techcircle forum

Priya Prasad

Following the introduction of unified payments interface (UPI)—that empowers users to initiate payment requests from a smartphone ....

20 May, 2016