Page 2 - Online Payments

India's Pine Labs eyes $4-5 bn in monthly payments from new business

India's Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business.

Need to protect consumers from consolidation of internet-economy: Govt

The government said consumer complaints related to online transactions are rising and pointed out that of the total complaints registered last month on NCH, 38-40% pertained to e-commerce trade

Top crypto exchange Coinbase freezes hiring, revokes accepted offers

The company also revoked accepted offers from some candidates who haven't joined it yet

Digital payments in India projected to reach $10 trn by 2026: Report

Smaller cities have recorded high acceptance of such transactions as cash use declines in country.

UPI hits record high in April with 5.58 bn transactions worth Rs 9.83 trn

Value of transactions doubled on YoY basis

WhatsApp to bet big on payments in India after NPCI nod for 100 mn users

Monthly volume of transactions has stagnated on the platform in the past six months, but value of transactions has doubled

What is a payment gateway?

Most merchants today use payment gateways to accept purchases from customers. Let us know more about this technology which is making our transactions safe and quick

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

Statsguru: From UPI to IMPS, mapping digital transactions in India

Wallets have also made a comeback, with rising transaction volumes

Value of UPI transactions declined to Rs 8.27 trillion in Feb: NPCI data

There were a total of 452 crore (4.52 billion) transactions in February 2022

BharatPe co-founder & MD Ashneer Grover not granted reliefs by SIAC

Grover had filed an arbitration plea to stop a probe into alleged financial mismanagement in the company, and had also sought indemnity

Paytm logs new record in lending business, strengthens payments leadership

Over 2.3 million devices deployed across the country as of the end of January 2022, a measure of offline payments leadership.

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

Bharat is affluent, educated and digitally savvy: Sharechat Report

The finding shows 29% of Bharat users post content daily at least once as compared to 22% of India users; 39% of Bharat uses social media as primary news source

IppoPay raises $2.1 mn in seed funding from Coinbase Ventures, others

Set up in November 2020, IppoPay has enabled 50,000 offline merchants and daily income earners in Indian Tier-2, Tier-3, and rural markets to boost their revenues through acceptance of payments online

ICICI Bank now facilitates online payment of customs duty

Customers can make online payment by selecting ICICI Bank from the list of banks on the website of the Indian Customs Electronic Gateway (ICEGATE)

IndusInd Bank, NPCI join hands to offer cross-border payments through UPI

IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through UPI

Banks, online merchants race to comply with RBI card data storage norms

New rules for banks, merchants & stakeholders kick in from January 1

Most consumers wary of stricter rules for online card use: Survey

Fear of risks is likely to make 28 per cent of consumers shift to paying cash on delivery, says nationwide study

WhatsApp steps out on front foot to push payments feature

The company said that it has launched a pilot programme of adopting 500 villages to familiarise villagers with digital payments