Page 7 - Digital Payments

Kid-focused pocket money fintech Junio raises $6 mn in pre-Series A round

UAE-based firm NB Ventures leads investment; The startup will use the capital to bolster its team, roll out new product features, and scale up customer acquisition initiatives

UPI logs 4.52 bn transactions worth Rs 8.26 trn in Feb, lower than Jan

In FY22 so far, UPI has processed a little over 40.49 billion transactions worth Rs 74.51 trillion

Offline digital payments: What does it mean, and how does this work?

Proximity payments have got a huge leg-up. Tap-and-pay will now be on steroids

How will UPI Lite allow payments without internet?

Technology, sure, is making our lives better. Very soon, you may be able to make digital payments up to a certain amount without an active internet connection. Let us find out how

Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn

PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021

Online payments doubled in 2021 on large-scale digital migration: Razorpay

Virtually every sector grew, with F&B topping the charts with 18.08% growth, says a report by the fintech firm

AI crucial in preventing security attacks, fraud: Razorpay co-founder

In a Q&A, Razorpay co-founder talks about opportunities that pandemic has thrown up for them to rejig their business and leverage digital technologies to serve customers

Is all well with fintech giant Paytm?

Paytm's debut on Dalal Street was disappointing. Last Friday, it announced shutting down its operations in Canada. What is happening inside the country's fintech giant - our next report offers a peek

Digital payments see rapid growth in March-September, says RBI

The index, launched by RBI in Jan, has five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods

UPI AutoPay e-mandates jump 32% to 6 million in December, shows data

The AutoPay platform of UPI is also being touted as the pillar for its next phase of growth

LazyPay joins cards bandwagon, targets 1 million customers this year

The BNPL platform said it is on track to grow three-fold in monthly disbursals to Rs 300 crore in January on a year on year basis.

PhonePe logs annualised TPV of $651 bn, crosses 350 mn user-mark

The registered user base has grown 28 per cent from 273 million in January to 350 million in December 2021

B2B payments app Rupifi raises $25 mn from Bessemer, Tiger Global, others

The latest funding is Rupifi's second investment round within nine months, since the pre-series-A round in March 2021

Paytm users can now tap phone on PoS devices to make offline payments

This will be possible even if phone is locked or there is no mobile data or internet connection. Service available on both Android and iOS

RBI releases framework for offline digital payments

To push digital transactions in rural and semi-urban areas, the RBI on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.

With ATM withdrawals set to get costlier, reduce dependence on cash

Beware of keypad manipulation and heat mapping while using the ATM or PoS machine

ED attaches funds worth over Rs 40 crore in mobile apps payments fraud case

The attached money, in accordance with the provisions of the Prevention of Money Laundering Act (PMLA), is in the form of bank deposits and an amount held with payment solutions providers

Physical, digital financial services to co-exist in India: SBI chairman

On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile

MPAI, ADIF write to RBI for an extension of tokenisation deadline

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem

Battered Paytm gets its first bullish rating from a major broker

Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close