Digital Payment Solutions

Over 50 entities get in-principle approval for PA license; 28 under review

32 of those granted interim nod were already operating as online payments aggregators, 19 are new to the business

BBPS inward payments to deepen cross-border payment ecosystem in India

Bharat Bill Payment System (BBPS), under the aegis of the RBI, allows recurring utility bill payments through an integrated platform

Digital payments in India projected to reach $10 trn by 2026: Report

Smaller cities have recorded high acceptance of such transactions as cash use declines in country.

Board acted quickly: BharatPe co-founder Nakrani on unseating Grover

BharatPe, which allows shop owners to make digital payments through QR codes, last week stripped Grover of all titles and positions over his alleged "misdeeds" and may take further legal actions

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more

AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO

The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

e-RUPI may negate pilferage; ensure full benefit to beneficiary: Industry

Prime Minister Narendra Modi has launched e-RUPI, which is aimed at improving transparency and targeted delivery of benefits

NUE may make India the cradle of cutting-edge global payment systems

The NUE will be a direct competitor to NPCI and develop the payments infrastructure for the country, similar to what NPCI has done

With $700-mn war chest, PhonePe to fight Google, Amazon in rural India

PhonePe recently crossed the 250-million registered user milestone, with over 100 million monthly active users generating nearly 1 billion digital payment transactions in October alone

SBI Card: Analysts see more upside given distribution network, biz model

As SBI Card is the largest pure credit-card issuer in India, analysts expect the company to grow faster than the sector average

Need to enable payment solutions for feature phone users: RBI official

Covid-19 pandemic has inadvertently provided enormous impetus to digital payment adoption

PharmEasy, Amazon India tie up to enable digital payments using Amazon Pay

PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.

30 days into coronavirus lockdown: Impact on digital payment transactions

As citizens came forward to help those affected by the lockdown, online donations towards NGOs increased by 180 per cent. Sectors such as utilities, media and entertainment witnessed growth.

Pay by app: The risks and rewards as Indians chuck cash, go digital

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Over 80 payments apps face an uphill battle to turn the country cashless

Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions

Shailendra Naidu named 'Entrepreneur of the year' in money services

He has been recognized for exemplary leadership and entrepreneurial achievements in transforming OBOPAY from a single product backend tech player to a multi-product hi-tech entity

Indians keen to adopt digital payment solutions: Visa

The study shows that while consumers are steadily embracing digital payments, they are also seeking secure payment forms