Digital Wallets

NPCI interchange fee rule: Will your UPI-wallet payments not be free now?

The NPCI's decision to levy 1.1 per cent fees on the UPI-wallet payments has led to a lot of speculation on social media, people are worried this will make the transactions costlier. But is it true?

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

Walmart's payments startup PhonePe seeks to raise $1 billion: Report

The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said

Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly

Wholesale segment averages Rs 325 crore per day in November

Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets

e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot

Aims to involve 50,000 merchants, customers in the next few days

Retail CBDC pilot starts Dec 1, to be tested in 4 banks, 4 cities initially

RBI says digital rupee for retail segment will be in the form of a digital token that represents legal tender, to be issued in same denominations as paper currency and coins

Play Store policies: CCI lands second blow, Google fined Rs 936 crore

Regulator suggests eight corrective steps

E-commerce losses due to online fraud to exceed $48 billion globally

Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023

NPCI sets Oct 31 as deadline to activate offline payments on RuPay cards

The move will breathe life into the RBI's January 3 framework which sought to give a fillip to offline payments and lead to the activation of the One Nation, One Card for on-the-go payments

Amid crypto crash, Meta says will shut down its digital wallet Novi in Sept

Meta's money-transfer service that uses the company's own cryptocurrency digital wallet 'Novi pilot' is shutting down on September 1.

Banks, fintech firms need to collaborate to reach the unserved population

There is a clear need for both banks and bankers, say experts

Apple adds user privacy protections, enables storage of IDs on iPhones

Apple said users will be able to scan their state-issued ID cards in participating US states and the cards will be encrypted in a user's digital wallet

Paytm plans to launch India's biggest IPO, aims to raise $3 billion

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

Monetary policy: Soon, you can withdraw cash from digital wallets

The rationale behind this move is to level the playing field between banks and non-banks PPI issuers

After Visa, PayPal Holdings launches cryptocurrency checkout service

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

Former Paytm executives roll out Junio, pocket money app for children

Startup raises Rs 10 cr from marquee angel investors, aims to have 5 million users in four years

Food delivery app Swiggy launches its own digital wallet with ICICI Bank

Food delivery platform Swiggy on Tuesday launched its own digital wallet to enable single-click checkout experience on its platform.

PhonePe, Paytm look to knock down the age barrier with new ad campaigns

Pitching ease and convenience instead of discounts and offers, mobile wallets go all out to woo the silver generation