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
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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
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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
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Paytm claims leadership in payment gateway market with over 50% share

Om Athavale

One97 Communications, which operates digital payments unicorn Paytm, said on Friday that it is leading the payment gateway (PG) ....

31 May, 2019

BharatPe partners Apollo Finvest for foray into merchant loans

Om Athavale

Digital payments firm BharatPe on Tuesday said that it is making its foray into small-value, short-duration loans for merchants ....

21 May, 2019

RBI’s vision document envisages six-fold rise in PoS infrastructure by 2021

Payal Ganguly

The Reserve Bank of India has estimated that digital transactions will increase four-fold in the country from Rs 2,069 crore in ....

16 May, 2019

Amazon Pay diversifies UPI offerings by foraying into P2P transactions

Kavya Kothiyal

Amazon Pay India Pvt. Ltd, the local digital payments arm of global e-commerce major Amazon Inc, on Monday announced the launch ....

29 April, 2019

How financial software giant FIS is making inroads into India

Anand J

US-headquartered Fidelity National Information Services, Inc (FIS) is banking on India's progressive financial sector to make ....

24 April, 2019

WhatsApp’s much-delayed payments service may take another five months to roll out

Vijayakumar Pitchiah

Instant messaging platform WhatsApp may take another five months to fully comply with payment data-localisation norms, persons ....

12 April, 2019

Payments startup BharatPe secures $15.5 mn in Series A round

Shweta Sharma

Digital payments firm BharatPe, which services offline retailers and businesses, has raised $15.5 million (around Rs 107 crore) ....

4 April, 2019

Retail payments body reduces charges on small UPI transactions

Payal Ganguly

Retail payments body National Payments Corporation of India has reduced charges on transactions up to Rs 1,000 on state-backed ....

2 April, 2019

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

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