Page 2 - Online Transaction

Digital payments start-up Mobikwik nears filing for $300-million IPO

MobiKwik plans to lodge the listing documents with the Indian securities regulator as soon as the next few days

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

Paytm board grants in-principle approval for around Rs 22,000 crore IPO

Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stake," the source aware of the development told PTI. The board meeting of the company was held on Friday. When contacted, Paytm spokesperson declined to comment. It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders

Bank NEFT transfers will not be operational coming weekend

If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers

Google Pay launches global money transfers with Wise and Western Union

Google Pay users in the United States can now transfer money to app customers in India and Singapore

Cybercriminals make the most of Covid amid increased digital user presence

A recent study by Norton Cyber Safety Insights Report puts the spotlight on cybercriminal activity in India and its impact

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

Will help those who can't ensure minimum balance

Top UPI players stare at uncertain future over 30% cap in market share

When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.

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

ICICI Bank enables customers to break high-value transactions into EMIs

ICICI Bank customers can break their high value transactions of over Rs 50,000 into suitable EMIs directly on its internet banking platform to make their purchases more affordable, the lender said on Wednesday. The facility is the first in the industry, the bank added. It will be applicable on transactions up to Rs 5 lakh and will bear no additional cost on the customers. Christened 'EMI @Internet Banking', the facility will enable customers convert their high-value transactions up to Rs 5 lakh into easy monthly instalments, ICICI Bank said in a release. Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet banking platform, it said. The bank has tied up with online payment gateways BillDesk and Razorpay to enable this facility. To begin with, over 1,000 merchants in categories like online shopping portals, insurance, travel, education- school fees and electronic chains have been brought ...

Paytm payment gateway registers over 750 mn monthly transactions

Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis. The company said that payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI, have contributed about 60 per cent to the total transactions registered on the gateway. Paytm PostPaid and EMI services which were launched last year have continued to gain popularity with users and are registering 25 per cent month-on-month growth, the company said in a statement. "We are the leading providers of payment gateway services and take pride in enabling millions of businesses to automate and centralise their payment processes. Our systems have the capacity to manage up to 2,500 transactions per second which ensure stability when our enterprise merchants see spikes during special events and sales," Paytm senior vice president Praveen Sharma said. According to the latest RedSeer report on digital payments in India, Paytm Gateway is the fastest

Banks face tech resilience test as Covid-19 boosts digital services

Between April 2020 and January 2021, mobile banking transaction volumes doubled to 39 million, while internet banking transaction volumes grew 60 per cent to 7 million

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

Focus on technology

Banks must invest in improving customer interface

New e-payment norms likely to block auto-subscriber route: Experts

Avoid exposing your data; use a virtual card instead

Women still prefer cash transactions followed by AadhaarPay: Survey

A majority of women still prefer doing cash transactions followed by AadhaarPay, according to a survey.

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

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

Online transactions grew 80% in 2020 driven by tier 2, 3 cities: Razorpay

The rise was driven by strong adoption of digital transactions in tier II and III cities, according to a report by fintech firm Razorpay

How prepaid cards ensure that you don't go overboard on your expenses

They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money