Page 18 - Digital Payments

UK-based fintech unicorn Rapyd enters India with flexible payment solution

Partners with several key players in India's payments ecosystem such as Paytm Payments Bank, PhonePe, PayU and HDFC Bank to roll out the solution

MobiKwik FY20 revenue surges 134% to Rs 379 cr; eyes profits this fiscal

MobiKwik's merchant-facing payment gateway business registered net revenue of Rs 190 crore in FY20, compared to Rs 101 crore in FY19 on a standalone basis

Dunzo suffers data breach; users' phone numbers, email IDs exposed

Google-backed delivery services startup says clients' payment information was not compromised.

India's digital payment transactions jump 23% in last 30 days: Report

During the 101 days of lockdown, March 24-July 2, the online education sector grew by 23 per cent as extended lockdown has led to a rise in demand for online courses

Wirecard former COO Jan Marsalek in soup over two disputed deals in India

The suit alleges Marsalek took part in negotiations leading to the acquisition of Hermes by a Mauritius-based private equity fund called Emerging Market Investment Fund in 2015.

Fresh troubles for SoftBank's Masayoshi Son as Wirecard drama unfolds

Wirecard won't force SoftBank to write down any assets - because the tech conglomerate never put money into Wirecard itself.

Digital payments rebound in June after blip in April transactions

Overall transaction values reach pre-Covid levels

RBI asks banks, NBFCs to increase awareness campaigns against frauds

The central bank observed that despite the financial literacy drive it undertook, cases of frauds continue to rise

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Delhi discoms record up to 90% rise in digital payments during lockdown

In April and May, zero-cash bill payments were made due to lockdown restrictions

Digital payments and the pandemic

Decline in payments volume to the airlines, railways or hospitality industry could have affected digital payments adversely

Covid-19 crisis: Payments fall 46% in April; ATM cash withdrawal declines

Retail payments fall 45%, card usage slips 57%

RBI's Rs 500-crore fund to promote digital payments in small towns

RBI invests Rs 250 crore, the remaining will come from the card-issuing banks and card networks

RBI creates Payments Infrastructure Development Fund to boost digitisation

The RBI makes an initial contribution of Rs 250 crore covering half the fund

May digital payments see an uptick, indicating revival in economic activity

As vehicular activity returned in May, toll collection saw a huge uptick; Fastag posted an impressive jump of more than 400 per cent in transaction count at 55.17 million

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.

China's digital currency moves

With pilot runs for a digital yuan underway, its monetary system could well become an exemplar for other countries

Adityanath calls for promoting digital payments in UP to minimise crowding

Instructs officials to ensure banks followed social distancing protocols

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.

Covid-19 lockdown: Rs 36,659 cr transferred to 160 mn beneficiaries via DBT

Of the Rs 36,659 crore, Rs 27,442 crore has been transferred under CSS and CS and Rs 9,717 by various state governments for its welfare schemes