Page 5 - Online Payments

SBI Cards m-cap tops Rs 1-trillion; Five factors that are driving the stock

The firm's m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel

BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid

Tyler to buy NIC for $2.3 billion as Covid-19 speeds online payment shift

Under the terms of the deal, NIC shareholders will get $34 per share in cash, a premium of about 14% to its last closing price

PhonePe retains top position with 42% UPI market share in January

In January, on a month-on-month (MoM) basis, PhonePe saw its transactions go up by a little over 7 per cent and their value nearly 5 per cent

Razorpay posts 3-fold growth in payment volume, eyes 5 mn new businesses

Razorpay plans to invest heavily in strengthening the security and fraud analytics infrastructure

The zero MDR has affected the PoS business: Worldline's Deepak Chandnani

India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan

Pakistan bans online payments for Indian electronic media content: Report

Now the subscriber cannot pay directly from Pakistan, but the Indian provider can get payments from other countries like the United Arab Emirates.

UPI firms say volume cap to hit biz; NPCI calls it a bid to curb dominance

Industry insiders suggest that this is aimed at bringing a balance in the UPI ecosystem, which is dominated by a few large players

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

Financial services becomes next battleground for PhonePe, Amazon and Google

Walmart-owned PhonePe has become the fastest-growing insure-tech distributor in India within just 9 months of the insurance category going live on the digital payments app

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

RBI allows offline payments of up to Rs 200 through cards on pilot basis

The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor

India's digital payment transactions jump 23% in last 30 days: Report

During the 101 days of lockdown, March 24-July 2, the online education sector grew by 23 per cent as extended lockdown has led to a rise in demand for online courses

PharmEasy, Amazon India tie up to enable digital payments using Amazon Pay

PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.

Pay by app: The risks and rewards as Indians chuck cash, go digital

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Now, switch on/off your card for online payment, set transaction limits

Facilities can be activated only when the customer specifically requests for it

Over 21 billion digital transactions carried out in FY20 till Nov 13: Govt

Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into y-o-y increase of 51%

PayU picks up minority stake in Fisdom, leads Rs 78-crore financing round

With this investment, PayU is one step closer to offering payments, lending, and wealthtech services in a single stack

Cash may be king in India, but Google is prince of mobile payments

The company has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars

Reserve Bank wants stricter rules for e-commerce payments gateways

Payment gateways and payment aggregators refer to entities, which provide technology infrastructure to route and facilitate processing of an online payment transaction