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Flipkart allows PhonePe rival Paytm at checkout
Both platforms have had their share of taking digs at each other in public, with the most recent one being the Yes Bank moratorium scare in March when PhonePe was unavailable for nearly 24 hours.
SBI Card working on giving customers facility to see credit scores in login accounts: MD & CEO
"In terms of what I would do (here), what expe...
UPI market share cap not a good idea: PhonePe
In August, UPI saw 1.6 billion payments and it's expected to grow further this year.
Debit card spend beats credit card in lockdown
According to data released by the Reserve Bank of India (RBI), spending under credit cards in June 2020 was Rs 42,818 crore, which was 36% lower than Rs 67,000 crore in January 2020.
In Corona times, ePay firms have a lot riding on contactless pay at rail, metro
Top digital payment companies, payment gateways, device manufacturers and banks are seeking partnership opportunities to scale and testing new contactless technologies to offer such services and gain share in the massive public transit market.
iSPIRT in front seat as Centre's plans of a credit platform for MSMEs takes shape
The think tank is in talks with “more than 30 consumer-facing entities” to become third-party service providers on the common network protocol laid out by the developers, Sharad Sharma said.
Google’s $10 billion fund is a testament to India’s accommodative ecosystem towards technology: Amitabh Kant
Kant said that the financial technology sector has been the shining star of India’s startup and technology ecosystem.
Dish TV Q1 results: Posts net profit of Rs 75 crore
Revenue from operations slipped 9.79 per cent to Rs 835.58 crore during the quarter under review from Rs 926.30 crore earlier.
Visa and Mastercard are firming up plans to increase competition against NPCI
The companies – among the most valued financial entities on the planet – are pursuing partnership opportunities with prospective applicants of the central bank’s New Umbrella Entity (NUE) license, as per two sources aware of the talks.
Banks cautioned against imposing levies like MDR on electronic transactions
Central Board of Direct Taxes has also directed banks to refund charges since January 1, 2020, collected on transactions carried out using electronic modes including UPI by businesses having turnover of over Rs 50 crore.
CBDT asks banks to refund any fees levied on UPI transactions in 2020
Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions beyond a prescribed limit for free transactions.
View: Namaste, kirana.com? Covid can open new doors for neighbourhood shops
Covid-19 has already led to a material drop in footfalls, and once the pandemic ends, consumer habits would have moved a greater share of wallets online. Here lies the opportunity for kirana storeowners to pivot their approach and combine their stores’ inherent advantages with the right set of technologies to move up the value chain.
Aadhaar model can help in vaccinating population quickly: Infosys chairman Nandan Nilekani
Nandan Nilekani says it is “supercritical” that India uses its “best digital infrastructure” to speedily inoculate its population. The Infosys chairman said the country stands to gain amid the economic disruption wrought by Covid-19, with the world looking for prowess in manufacturing.
Government, RBI need to share cost of maintaining UPI infrastructure: Report
"With the government's vision of no direct or indirect charge on payments using UPI, an appropriate sharing of cost burden by the government and the RBI is called for (with UPI being the simplest alternative to cash in this era of mobile phones)," the report added.
HC seeks Centre, RBI response on plea alleging guidelines violation by Google Pay
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notices to the authorities and also Google India Digital Service Pvt Ltd on the petition and listed the matter for further hearing on September 24.