Digital Wallets

The NPCI's decision to levy 1.1 per cent fees on the UPI-wallet payments has led to a lot of speculation on social media, people are worried this will make the transactions costlier. But is it true?

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said

Wholesale segment averages Rs 325 crore per day in November

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets

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

RBI says digital rupee for retail segment will be in the form of a digital token that represents legal tender, to be issued in same denominations as paper currency and coins

Regulator suggests eight corrective steps

Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023

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

Meta's money-transfer service that uses the company's own cryptocurrency digital wallet 'Novi pilot' is shutting down on September 1.

There is a clear need for both banks and bankers, say experts

Apple said users will be able to scan their state-issued ID cards in participating US states and the cards will be encrypted in a user's digital wallet

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan

Will help those who can't ensure minimum balance

The rationale behind this move is to level the playing field between banks and non-banks PPI issuers

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

Startup raises Rs 10 cr from marquee angel investors, aims to have 5 million users in four years

Food delivery platform Swiggy on Tuesday launched its own digital wallet to enable single-click checkout experience on its platform.

Pitching ease and convenience instead of discounts and offers, mobile wallets go all out to woo the silver generation