Page 3 - Online Payments

UPI breaks 5-month growth streak; transactions decline 0.71% in November

In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

Amazon infuses Rs 1,000 crore into India payments unit

Amazon has been pumping in millions of dollars across various operations like marketplace, wholesale and payments business

PayU launches 'PayU Token Hub' to help businesses comply with RBI norms

Solution has been built by PayU and Wibmo, a PayU-owned full stack global PayTech firm, in partnership with major card networks such as Visa and MasterCard, and top issuing banks

WhatsApp may soon ask users to verify identity to make payments

Currently, when users set up WhatsApp Pay in India, the service only verifies the phone number linked to your bank account to enable UPI-based transactions

Facebook can't be trusted to manage payment system: US lawmakers

This comes after Facebook launched Novi, a new digital wallet, as part of a pilot programme in the US and Guatemala

Pine Labs enters online payments with three products under one platform

Firm says its 'Plural' platform is built to disrupt payments gateway space, make offline-to-online shift easier for merchant base and other online businesses

Aiming for $25 bn annual payments processed on Plural: Pine Labs CEO

Company says it now plans to disrupt the payments space through a suite of online payment products focused on speed, security, and user experience

IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor

In addition, the Reserve Bank also proposed to introduce a framework for retail digital payments in offline mode across the country

UPI records 3.65 bn transactions worth Rs 6.54 trillion in September

On a month-on-month (MoM) basis, UPI's volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent

Top headlines: New RBI norms from today, Adani to run Colombo Port terminal

Eight core sectors' output accelerates in Aug, Monsoon to withdraw from Oct 6, and other top headlines of the day

RBI and Singapore central bank to link payment systems by July 2022

The RBI and MAS hope to complete the linkage by July 2022 "on a reciprocal basis without a need (for users) to get onboarded onto the other payment system".

Auto debit payment failures ease in August, shows NPCI data

In volume terms, 32.98% of transactions initiated declined, 26.82% in value terms

Working with RBI to ensure customers don't have to key in card number: PCI

The RBI's new rules are supposed to kick in from January 2022

No material impact on card issuers: Nomura on RBI restrictions

The RBI had earlier restricted American Express and Diners Club

Bhartipay Fostering Economy Through Online Payments in Northeast India

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Rise of digital pay: 1.5 mn small businesses adopt Razorpay in 15 months

The platform saw a growth of over 200 per cent from March last year to May this year in trans­action volume done by MSMEs.

Twitter partners Razorpay for Tip Jar feature to send and receive money

Microblogging platform Twitter on Thursday said it has added an Indian payment gateway Razorpay for its Tip Jar feature that allows users to send and receive money.

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

Another data breach

Air India's delay in informing customers is inexplicable

Paytm Payments Bank continues to lead beneficiary banks on UPI, shows data

Beneficiary banks are the banks of the account holder who are receiving money.