Page 2 - Payments App

Prosus buys Indian payments company Billdesk for $4.7 billion

Technology investor Prosus NV purchases 100% of the equity in Indian payments platform Billdesk for $4.7 billion.

New South Korea law likely to test Apple, Google duopoly: Report

The Telecommunications Business Act would mandate giving users a free choice of app payment providers

Paytm, HDFC Bank tie up to develop payment products for new online ventures

While HDFC Bank will drive merchant partnerships to whom Paytm will offer its existing Android PoS devices, the two will also jointly launch a co-branded retail PoS product

Digital payments continue to grow; significant growth in tier II, III towns

Digital transactions have continued to grow at a strong pace in the country with increasing acceptance in tier II and III towns, a report by fintech firm Razorpay said

Nexus could be banking's next big thing, inspired by Indian payments system

Nexus will be like a world wide web of payments, a set of rules any country can adopt.

Y Combinator-backed Cashfree eyes global markets, fintech acquisition

It is expecting international revenue to make up 30 per cent of its total revenue in the next three years

3.5 million MobiKwik users' data up for sale, company denies claim

The leak was first reported in February by security researcher Rajshekhar Rajaharia, which the company had denied at the time

NPCI apologises to investors, starts exclusive clearing system for MFs

Last week, several MF investors had faced glitches in payments via UPI, which NPCI attributed to 'migration of systems'

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks

Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel

Hard for Visa, MasterCard to challenge FM Sitharaman's RuPay push

Though difficult to compete with RuPay, these firms can remain relevant in India's hugely underpenetrated market, say experts

Google eyes wider user base, more revenue streams from Google Pay platform

Kolkata, 26 NovemberWith an eye to grow its customer base in the country and increase the volume of annual transactions, Google might further monetise services on its payments platform, Google Pay."In case of recharges and travel, there is already an established commercial model in place but we don't charge the consumers or the merchant as of today; it works on other parameters. For the personal loans and gold investment services, there is a certain fee involved," said Sharath Bulusu, director of product management at Google Pay.He did not specify the sectors or services the global information technology giant is now eyeing to open new revenue streams. Asked if it will be on new services or existing ones, he said, "At this point, I really can't say...We are watching and observing this space."As part of its near-term strategy in India, Bulusu said the focus is to further the customer base and promote UPI (Unified Payments Interface) transactions. It is also in talks with financial ...

How PhonePe is inching towards becoming market leader in the payments space

The Walmart-backed payments firm's market share stands at 33.4%, behind market leader Paytm's 42%; but its app was used in 53% of smartphones in the domestic market, compared to Paytm's 51.3%

Consumers using third-party payment apps much more than bank: Survey

The survey found that consumers in China, India and Latin America are more open to banking with technology firms than others, while millennial in almost every country are open to this