Page 4 - Online Payments

Why MSMEs need help again and why the govt's earlier approach may not work?

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide

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

Will help those who can't ensure minimum balance

Delhi traffic police decides to accept cash as many unable to pay online

The Delhi traffic police will collect dues for pending challans in cash also as many individuals are not able to pay fines through the online payments system, officials said Thursday.

SBI Card sees over 50% transaction from online payments, says CEO

SBI Card has been seeing over 50% of its transactions via online payments such as on groceries, insurance premium, and hopes the trend to go up further as point of sale purchases are yet to pick up

RBI gives payment firms 6-month breather to comply with new framework

Earlier, the RBI had asked the payment aggregators to stop storing card details within their database as per its March 2020 guidelines that were to take effect from July this year

Auto-debit payments: RBI extends timeline for implementation of new rules

The new norms were supposed to kick in from April 1 but neither banks nor the other stakeholders in the ecosystem had readied their system

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

Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas

Perpule provides UltraPOS is a cloud-based, mobile POS system that substantially improves the billing and checkout process at stores

MobiKwik denies KYC breach of 3.5 mn users amid IPO plans, says data 'safe'

According to the researchers, the entire database is available for 1.5 Bitcoin (nearly $84,000) on the Dark Web

Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Payments Corporation comes out with SOP to monitor volume cap for TPAPs

The NPCI will monitor the volume cap of the TPAPs and sound an alert to them once it reaches the thresholds that it has decided

OTP communication for payment transactions resumes, no complaints filed

Trai had put on hold the implementation of its regulations to curb unsolicited commercial communication.

Sebi streamlines IPO application process, issues new guidelines

The market regulator identified key issues plaguing the UPI payment process and issued operational guidelines to address them

Stay secure: Treat wearables on par with cards to make contactless payments

Acceptance of wearable devices will depend on speed and ease of grievance redressal

After outage, Trai puts on hold regulation on pesky SMS for one week

Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday

SMS scrubbing: Faulty implementation wipes out OTPs, 40% traffic disrupted

SMS scrubbing: The failure rate was over 25 per cent among the leading private and public sector banks

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments

Paytm crosses 1.2 bn monthly transactions, maintains leadership position

Financial services firm sees 15% month-on-month growth in offline merchant payments

Will Crypto Bubble Grow Or Burst Amidst The Bitcoin Rise?

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