Digital Payment Wallet

National Payments Corporation of India, through a circular has recommended Prepaid Payment Instrument charges for UPI payments

Users can activate UPI-linked bank account for the international service at the merchant location, or before that

Sharma founded One97 Communications in 2000 and subsequently Paytm a decade later in 2010. In November 2021, Paytm went public, raising $2.5 billion at a valuation of $19 billion

Hints at the need to make transactions on the platform chargeable

Fintech unicorn accuses them of fraud, claims Rs 88.67 crore

Aims to involve 50,000 merchants, customers in the next few days

The Mumbai-based fintech company says by using its services, feature phone users can access their bank accounts, transfer funds, and make bill payments by giving a missed call

On a year-on-year (YoY) basis, volume of transactions was up 85.55 per cent and value of transactions was up 70.61 per cent during the same period.

All businesses, and entities now owned by and consolidated under PhonePe Pvt Ltd-India

Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators

The move will breathe life into the RBI's January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments

The upper limit for payments has been set at Rs 200; wallet balance cannot exceed Rs 2,000 at any point

Tribunal says Ola is a mere intermediary; its role is limited to managing OLA app, facilitating transport services by the driver to the rider and payment collection via e-wallet on driver's behalf

Success shows 'innovation prowess' of indigenous payment structure and fintech companies, he says

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

346 million make online transactions for e-commerce and digital payments, with coronavirus boosting practice

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

Protect family's data, finances; consider floater cover as well

Sees over 75% of overall insurance purchases from tier 2 & 3 cities

The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. "I think very soon we will be coming out with a broad regulatory architecture, which should be able to address the challenges that we are confronted with regard to lending through digital platforms, many of which are unauthorised, unregistered and, should I say, illegal," Das said while delivering a lecture on - Indian Businesses (Past, Present and Future). He was speaking at the Iconic Week celebration as part of the 'Azadi Ka Amrit Mahotsav' to mark the 75th anniversary of Independence, organised by the Central Board of Indirect Taxes and Customs (CBIC). Das on Wednesday suggested that customers borrowing from unregistered digital lending apps should approach