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Paytm may directly head for IPO without a Pre-IPO to fast-track listing

Paytm may directly head for IPO without a Pre-IPO to fast-track listing

🕔14:06, 22.Oct 2021

New Delhi, Oct 22 (IANS) Paytm is headed for a $2.2 billion IPO and multiple sources confirmed on Friday that the fintech giant is considering not to go ahead with the Pre-IPO plans so as to fast-track the companys market debut

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RBI extends dates for classification of bank credit to focused NBFCs

RBI extends dates for classification of bank credit to focused NBFCs

🕔12:22, 8.Oct 2021

Mumbai, Oct 8 (IANS) RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022. The provision ended on September 30 and a need was felt for extending the facility with

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RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

🕔12:22, 8.Oct 2021

Mumbai, Oct 8  With a view to further strengthen the internal grievance redress mechanism of NBFCs, the Reserve Bank of India (RBI) on Friday decided to introduce the Internal Ombudsman Scheme (IOS) for certain categories of NBFCs which have higher

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RBI introduces Digital Payment Solutions in offline Mode

RBI introduces Digital Payment Solutions in offline Mode

🕔12:19, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. In common parlance this means introduction of facility where digital transactions could

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Railways UTS Mobile App is available in Hindi language now

Railways UTS Mobile App is available in Hindi language now

🕔18:10, 24.Sep 2021

New Delhi, Sept 24: As a Digital India initiative by Government of India and with a view to promote three  C’s – Cashless transactions (Digital payment), Contact less ticketing (no need to physically visit the point of sale) and Customer

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Paytm’s diversified businesses bring massive revenue, leave behind its competitors

Paytm’s diversified businesses bring massive revenue, leave behind its competitors

🕔15:21, 2.Jun 2021

New Delhi, June 2  Fintech giant Paytm’s parent company One97 Communications Limited is headed for a $3 billion initial public offering (IPO), the highest ever market debut in India, and while the market leader has established its presence across a

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PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr

PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr

🕔17:14, 19.May 2021

New Delhi, May 19  Walmart-owned digital payments provider PhonePe has acquired homegrown Android app store Indus App Bazaar for $60 million (roughly Rs 438 crore), reliable industry sources told IANS on Wednesday. The move, sources said, will strengthen PhonePe’s ‘Switch’

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71.7% of all payment transactions in India to be digital by 2025

71.7% of all payment transactions in India to be digital by 2025

🕔15:19, 31.Mar 2021

Mumbai, March 31  By 2025, digital payments collectively in India would account for 71.7 per cent of overall payments volume, leaving cash and cheques at 28.3 per cent, said a new report on Wednesday. In 2020, the transaction volume share

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Quick law needed to curb Google’s billing policy: Tech firms

Quick law needed to curb Google’s billing policy: Tech firms

🕔12:40, 18.Mar 2021

Seoul, March 18  A group of major South Korean online companies have called on lawmakers to pass a bill to restrict Google’s planned enforcement of its billing system, even after the US tech giant decided to lower its commission rate.

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Google Pay users in India can delete transaction history

Google Pay users in India can delete transaction history

🕔17:43, 11.Mar 2021

New Delhi, March 11  In a fresh bid to secure Google Pay users in India, the company on Thursday announced more choices and controls to manage transaction data on the digital payments platform. The users can now view and delete

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Paytm launches new IoT-based payment device, smart POS

Paytm launches new IoT-based payment device, smart POS

🕔17:17, 9.Mar 2021

New Delhi, March 9  India’s homegrown digital financial services platform Paytm on Tuesday introduced a “Smart POS” (point-of-sale) application for Android phones as well as its latest Internet of Things (IoT)-based payment device, Soundbox 2.0. The Paytm Smart POS is

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Paytm in expansion mode, to hire over 1,000 in various roles

Paytm in expansion mode, to hire over 1,000 in various roles

🕔08:33, 27.Aug 2020

New Delhi, Aug 27 Setting the stage for a major expansion amid the pandemic, leading digital payments service Paytm on Wednesday said it is in the process of hiring over 1,000 engineers, data scientists, financial analysts among other positions for tech

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Tier 2, 3 cities leading digital payments’ recovery: Mswipe CEO

Tier 2, 3 cities leading digital payments’ recovery: Mswipe CEO

🕔07:00, 22.Aug 2020

New Delhi, Aug 22  Smaller cities and towns have been in the forefront of the recovery in digital payments and transactions amid the pandemic, according to Manish Patel, Founder & CEO, Mswipe. He is of the view that the speedy

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RBI for online dispute resolution system in digital payments

RBI for online dispute resolution system in digital payments

🕔18:26, 6.Aug 2020

Mumbai, Aug 6  In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner. The RBI has said

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India will soon be digital payment society: Finance Ministry

India will soon be digital payment society: Finance Ministry

🕔10:50, 4.Sep 2018

New Delhi, Sep 4  With monthly transactions crossing 300 million mark through Unified Payments Interface (UPI), Finance Ministry officials on Monday said digital payment will soon be the norm in the country. “Digitalisation of payments in India is marching ahead

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Cashback incentive to promote digital payment

Cashback incentive to promote digital payment

🕔20:49, 4.Aug 2018

New Delhi, Aug 4  The Goods and Services Tax (GST) Council in its meeting on Saturday decided to start a pilot project to give 20 per cent cashback of the GST paid to incentivise digital payment in the country. “Under

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Digital transactions to reach about 1,800 crore in FY18

Digital transactions to reach about 1,800 crore in FY18

🕔10:05, 13.Dec 2017

New Delhi, Dec 13  Emphasising a dramatic increase in digital transactions in the country, Minister of State for Electronics and IT K. J. Alphons on Tuesday said the transactions are expected to touch 1,800 crore in the current fiscal from 1,162

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