Page 4 - Digital Payment

Paytm's gross merchant volume growing at over 100% in a year: DRHP

In Q1FY22, Paytm's GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year

Crypto exchange Binance temporarily suspends payments from EU's key network

Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users

S&P 500, Nasdaq drift towards record highs as data fuels stimulus bets

Other payments companies PayPal Holdings Inc and Visa Inc gained 7% and 2%, respectively.

BharatPe raises Rs 786 crore in Series D funding at Rs 6,552 cr valuation

The company has raised $90 million (over 655 crore) in primary fund raise, and ensured secondary exit for its angel investors and employees for a total amount of $18 million (nearly Rs 131 crore)

Budget 2021: FM proposes Rs 1,500 cr scheme to promote digital payments

The government on Monday proposed Rs 1,500 crore-scheme to promote digital payments in the country

Paytm says could turn profitable in 2021 as Covid-19 earns it users

Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments

Faced with high growth in traffic, banks to ramp up digital capabilities

They will soon take a call on tech spending

In push to digital payments, WhatsApp Pay now live ln India for 20 mn users

The feature has been launched with support from banking partners State Bank of India, HDFC, ICICI, and Axis Bank

Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021

Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that

Four years on

Even with hindsight, hard to say demonetisation was a success

Unlock BFSI 2.0: Covid has accelerated digital payment adoption by 5-10 yrs

Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"

Wirecard scrambles to find missing $2.1 bn, shares slump over 60%

Chief Executive Markus Braun said in Thursday's statement that Wirecard, which was founded in 1999, was urgently seeking to clarify the balances in question.

Digital payment-led home deliveries to be allowed in Ahmedabad from May 15

The move is being made in an attempt to prevent spread of novel coronavirus through use of currency notes

Voda, Airtel may go the Jio way, scout for tech giants looking for tie-ups

Telcos could explore equity tie-ups with tech majors

BJP to accept donations digitally on Upadhyay's death anniversary

In a letter to party leaders, BJP has asked them to hold programmes on the life of Upadhaya at booth level

Govt raises outlay for digital India programme by 23% to Rs 3,958 crore

The government has increased allocation for National Knowledge Network to Rs 400 crore from Rs 274 crore in the current fiscal

Scam calls: Paytm submits list of 3,500 phone numbers to MHA, others

CERT-In a functional organisation under the Ministry of Electronics and Information Technology with the object of securing Indian cyber space

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

HDFC Bank launches customised apps for municipalities, housing societies

With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000

Want to avoid toll plaza queues? Now, you can recharge FASTags via BHIM UPI

FASTag has been made mandatory on national highways throughout the country from December 15, 2019