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Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions

Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions

🕔18:21, 5.Dec 2022

Mumbai, Dec 5 (IANS) The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed

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Paytm records revenue growth of 76% to Rs 1,914 crore

Paytm records revenue growth of 76% to Rs 1,914 crore

🕔07:19, 8.Nov 2022

New Delhi, Nov 8 (IANS) Digital payments and financial services company Paytm on Monday posted 76 per cent year-on-year (YoY) growth in revenue to Rs 1,914 crore in Q2FY23, while EBITDA before ESOP cost improved 61 per cent YoY by Rs

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Indian e-rupee to boost digital payments sans bank accounts

Indian e-rupee to boost digital payments sans bank accounts

🕔07:11, 7.Nov 2022

New Delhi, Nov 7 (IANS) A central bank digital currency (CBDC) can play a key role in providing access to digital payments without the requirement of a bank account and the access would be facilitated by a central bank-issued digital wallet,

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PM Modi lauds Paytm, commends reach of digital payments in far-off places

PM Modi lauds Paytm, commends reach of digital payments in far-off places

🕔07:27, 29.Oct 2022

New Delhi, Oct 29 (IANS) Prime Minister Narendra Modi had hailed financial services and digital payments leader, Paytm during his recent speech at the Mana village in Uttarakhand. Commending the increase in penetration of digital payments in the country, Modi said

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With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment’s pioneership

With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment’s pioneership

🕔13:49, 23.Sep 2022

New Delhi, Sep 23 (IANS) The adoption of digital payments in India has skyrocketed over the past few years, and the country is now one of the leading markets in the segment, driven by rapid adoption of online payments. While the

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RBI to develop UPI for feature phones to boost digital payments

RBI to develop UPI for feature phones to boost digital payments

🕔07:48, 9.Dec 2021

New Delhi, Dec 9 (IANS) With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the largest mobile phone users base, with

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Paytm IPO oversubscribed 1.33 times so far with half a day left

Paytm IPO oversubscribed 1.33 times so far with half a day left

🕔17:40, 10.Nov 2021

New Delhi, Nov 10 (IANS) India’s leading digital payments and financial services platform Paytm’s IPO has now been fully subscribed on Day 3 of its bidding. The company is now set to be listed as India’s largest stock market debut. As

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Visa launches India’s 1st card ‘token’ service for online platforms

Visa launches India’s 1st card ‘token’ service for online platforms

🕔18:02, 6.Oct 2021

New Delhi, Oct 6 (IANS) Digital payments firm Visa on Wednesday launched Card-on-File (CoF) tokenization services in India in line with the recently issued guidelines by the Reserve Bank of India (RBI) to secure customers’ financial data. Visa’s card tokenisation service

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FM proposes Rs 1,500cr scheme to boost digital payments

FM proposes Rs 1,500cr scheme to boost digital payments

🕔14:16, 1.Feb 2021

New Delhi, Feb 1  To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation. “To give a further boost to digital transactions, I earmark Rs 1,500 crore for a

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Transactions worth $270 bn to shift to cards/digital in India by 2030

Transactions worth $270 bn to shift to cards/digital in India by 2030

🕔07:14, 25.Nov 2020

New Delhi, Nov 25  The rapid shift to digital payments due to the Covid-19 pandemic is urgently increasing the need for banks to modernise their payment systems, according to a new report from Accenture. The report, titled “Playing the Long

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Cyber frauds in India may go up in 2021: Kaspersky

Cyber frauds in India may go up in 2021: Kaspersky

🕔18:48, 23.Nov 2020

New Delhi, Nov 23  With more users getting connected to the Internet and entering the digital payments ecosystem, cyber fraud incidents may go up in 2021, researcher at cybersecurity firm Kaspersky warned on Monday. The year 2020 saw several UPI-related

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Visa, ICICI Bank tie-up to aid fintechs

Visa, ICICI Bank tie-up to aid fintechs

🕔15:16, 23.Nov 2020

Mumbai, Nov 23  Digital payments major Visa on Monday announced a collaboration with ICICI Bank on its ‘Visa in a Box’ programme for fintech acceleration. Through this collaboration, fintechs can access APIs and the developer sandbox of Visa and ICICI

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Paytm trims losses by 40%, revenue hits Rs 3,629 crore in FY20

Paytm trims losses by 40%, revenue hits Rs 3,629 crore in FY20

🕔13:39, 4.Sep 2020

New Delhi, Sep 4  Digital payments major Paytm on Friday said its revenue for the fiscal year ended on March 31 increased to Rs 3,629 crore with a 40 per cent decline in losses. Paytm said that expanding its financial

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PhonePe to digitise 2.5 crore small merchants acros India

PhonePe to digitise 2.5 crore small merchants acros India

🕔09:16, 1.Sep 2020

New Delhi, Sept 01  Digital payments platform PhonePe on Monday announced that it will enable digital payments for over 2.5 crore small merchants across India in the next one year. In a statement, the company said that it will also

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Digital payments growing in India at 12.7% CAGR : KPMG

Digital payments growing in India at 12.7% CAGR : KPMG

🕔18:47, 29.Aug 2019

New Delhi, Aug 29 (IANS) Digital payments in India are witnessing thriving growth with a compound annual growth rate (CAGR) of 12.7 per cent in the number of non-cash transactions, global advisory KPMG said on Thursday. A KPMG report said that

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Paytm buys savings management start-up Balance Tech

Paytm buys savings management start-up Balance Tech

🕔12:41, 9.Aug 2018

Bengaluru, Aug 9 Digital payments major Paytm on Thursday announced the acquisition of Bengaluru-based smart-savings management start-up Balance Tech for an undisclosed amount. Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could

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