Smaller cities have recorded high acceptance of such transactions as cash use declines in country.
In response to a comment by Ashneer's sister on a social media post by former Bharatpe employee, Sameer said: "Sister, your brother has stolen all the money. Very little left to pay salaries"
Oxymoney plans rolling out pre-paid cards and expand its distribution network.
MobiKwik plans to lodge the listing documents with the Indian securities regulator as soon as the next few days
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
But while cash withdrawals and dealings are declining, there has been a 20% YoY spike in the quantum os notes and coins help with the public
Some countries have already quarantined cash, while others like South Korea, have burnt, or high-heat laundered their notes
NPCI nod for phased launch comes 2 years after trial run
Industry fears the move to drag the growth of digital payments
All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019
This QR will enable merchants to accept unlimited payments through Paytm Wallet, Rupay Cards and all UPI-based payment apps directly into their bank account at zero per cent fee
When it comes to safety, this card will be on a par or perhaps even better
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
With these big firms keeping data of whatever we do and increasingly of our spending as well, the society is becoming more vulnerable
The clarification has come a week after the government said the RBI would examine concerns around its strict data-localisation guidelines
UPI transactions are growing faster, but wallets remain relevant for those without a bank account and seeking cashbacks