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

UPI crosses a billion transactions in October

Supriya Roy

UPI (unified payments interface) transactions in India touched more than a billion for the month of October, National Payments ....

1 November, 2019
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Niti Aayog wants separate regulator for medical devices; UPI clocks 1bn transaction: Report

Tanmay Tiwary

Government think tank NITI Aayog does not want to bring medical devices under the Central Drugs Standard Control Organisation ....

29 October, 2019

Google Payments India FY19 profit up 75%

Supriya Roy

Google Payments India reported a 75% increase in net profit at Rs 32.8 lakh for the year ended March 31, 2019 compared to Rs 18.7 ....

24 October, 2019

Zomato paid hackers Rs 70 lakh to fix bugs; Walmart plans to demerge PhonePe: Report

Tanmay Tiwary

Zomato has paid hackers about Rs 70 lakh to find and fix bugs. Global retail major Walmart wants to demerge Flipkart’s digital ....

11 October, 2019

Vendors accuse HomeShop18 of fraud; PhonePe may partner with ICICI Bank for UPI-based transactions

Tanmay Tiwary

Vendors of the teleshopping and ecommerce portal HomeShop18 say the company has failed to pay them. Bengaluru-based payments platform ....

30 September, 2019
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Enterprise Tech Dispatch: Siemens Healthcare to use India as export hub, Huawei's AI and cloud play

Anirban Ghoshal

As the debate around the impact on jobs of emerging technologies in India rages on alongside developments such as Zomato cutting its ....

20 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

Naspers may lead $55 mn funding round in ElasticRun; UPI transactions beat credit, debit cards

Team TC

South African internet and media giant Naspers is likely to lead a $55 million funding round in logistics startup ElasticRun. ....

3 September, 2019
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Consumer lending platform LazyPay offers credit via UPI, QR codes

Team TC

LazyPay, the consumer lending platform of digital payment firm PayU India, will allow users to access credit across offline merchants ....

29 August, 2019

Uber may launch bus services soon; Zomato fires customer support employees

Team TC

SoftBank-backed payments firm Paytm saw a drop in UPI transactions during the month of July, even as overall UPI transactions ....

8 August, 2019

SME accountant KhataBook may raise $20 mn; data platform Atlan gets $2.6 mn: Reports

Vijayakumar Pitchiah

Bengaluru-based KhataBook, which helps users to manage business and personal ledgers on mobile phones, is in talks to raise $20 ....

2 July, 2019

Ola, Uber told to stop ride-pooling in Bengaluru; Paytm Mall controls cash burn

Om Athavale

The transport commissioner of Karnataka has ordered cab aggregators Ola and Uber to immediately withdraw their ride-pooling feature, ....

1 July, 2019

Policy Wrap: Small biz can board UPI as individuals; two firms certified for drone software

Payal Ganguly

This week, the retail payments body on Monday said that small merchants can board the Unified Payments Interface (UPI) as individuals ....

21 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

BharatPe is banking on microcredit to usher in monetisation

Payal Ganguly

BharatPe wants to build a more meaningful relationship with your neighbourhood kirana store. The startup, which offers a QR code-based ....

17 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

UPI transaction volume drops in May but total value climbs

Payal Ganguly

The number of transactions based on the Unified Payment Interface (UPI) declined for the second month in a row but the value of ....

3 June, 2019