Niki.ai partners with Google Pay to tap into Tier 2 and 3 customers

Payal Ganguly

Ratan Tata-backed artificial intelligence firm Niki.ai has partnered with payment gateway Google Pay to bring onboard Tier 2 and ....

13 March, 2019

RuPay Global Card consumers cross 64 million mark

Vijayakumar Pitchiah

National Payments Corporation of India (NPCI) said it has racked up 64 million RuPay Global Card consumers ever since it started ....

7 March, 2019
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NPCI appoints former Kotak and HDFC Bank execs to C-suite positions

Payal Ganguly

The National Payments Corporation India (NPCI) has appointed Praveena Rai, former head of cash management at Kotak Mahindra Bank, ....

22 February, 2019

BharatPe in talks to raise fresh capital from Sequoia: Report

Kavya Kothiyal

Payments firm BharatPe, which services offline retailers and businesses, is in talks to close $17 million (Rs 122 crore at current ....

21 February, 2019

UPI transactions in January set new record, BHIM transactions fall to 9-month low

Binu Paul

Even as the volume and value of Unified Payments Interface (UPI) transactions continued to scale new heights, transaction volumes ....

6 February, 2019

SBI leak exposes account data of millions of customers: Report

Anand J

Public sector lender the State Bank of India has secured a leak that exposed account data of millions of customers, a news report ....

31 January, 2019
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RBI brings out policy paper to encourage new payment system operators

Payal Ganguly

In a bid to encourage competition among payment platforms and reduce the risk of concentration among a few players, the Reserve ....

22 January, 2019

Reliance Jio deepens fintech play with PoS devices for merchants: Report

Binu Paul

Mukesh Ambani-owned Reliance Jio has reportedly expanded its presence in the fintech space by launching point-of-sale services ....

11 January, 2019

Amazon testing its own UPI handle for new payments product: Report

Vijayakumar Pitchiah

The payments arm of Amazon India has started testing its native unified payments interface (UPI) handle with a closed user group, ....

9 January, 2019

PayPal India posts 12 times increase in revenue for FY18, loss up a bit

Dearton Thomas Hector

PayPal Payments Pvt. Ltd, the Indian arm of US-based digital payments company PayPal Holdings Inc., posted a little over 12 times ....

3 January, 2019
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Indian banks record spike in cyber fraud cases

Anand J

As digital transactions continue to gain traction in India, the country’s central bank has said that there has been a 50% ....

3 January, 2019

Xiaomi launches payments service Mi Pay

Payal Ganguly

Device maker Xiaomi has entered the crowded digital payments space in the country by partnering with ICICI Bank and PayU India. ....

21 December, 2018

Drone makers, digital wallet companies unite to form industry lobby DICE

Payal Ganguly

Private sector stakeholders who represent businesses that straddle emerging technologies have come together to form an industry ....

12 December, 2018

How Indian banks are using emerging tech to do more than just acquire customers

Shweta Sharma

In a bid to reduce costs, create product and service differentiation, and in turn, gain more market share in a crowded segment, ....

23 November, 2018

PhonePe lost nearly Rs 19 for every rupee in revenues for FY18

Vijayakumar Pitchiah

PhonePe Pvt. Ltd, the in-house payments arm of e-commerce major Flipkart, registered a 14-fold rise in revenues and incurred significant ....

30 October, 2018

Govt push, new tools to drive growth for digital payments in India: BCG report

Payal Ganguly

Rapidly developing economies such as India and China will drive innovation in payments services, according to a report released ....

23 October, 2018

Emerging tech has cut manpower costs by half: Lakshmi Vilas Bank’s Manikandan

Shweta Sharma

Chennai-based mid-sized private sector lender Lakshmi Vilas Bank is in the midst of introducing a new digital banking platform ....

8 October, 2018

US firm FIS rates Immediate Payment Service as best global fin-tech innovation

Anand J

India’s Immediate Payment Service (IMPS) has been rated the best global fin-tech innovation this year by Fidelity National ....

27 September, 2018

Paytm says rival Google Pay may be using customer data for monetary gains

Payal Ganguly

Google Pay, the flagship digital payments platform of the US-headquartered software giant, is facing questions over whether it ....

21 September, 2018

Data localisation norms deter Apple from launching payments service in India

Shweta Sharma

Tech giant Apple has decided to put off its plans of launching a digital payments service based on Unified Payments Interface ....

6 September, 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