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
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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
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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

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
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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

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

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