New Delhi, March 28 (IANS) Homegrown Paytm Payments Bank (PPBL), the largest issuer of KYC wallets (prepaid instruments) with over 100 million users, on Monday announced that its full KYC wallet customers will be able to make payments on every UPI
Bengaluru, Feb 14 (IANS) Leading fintech company PhonePe on Tuesday announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. The new investment follows the
New Delhi, Feb 8 (IANS) The number of digital payment transactions increased significantly during the last few years — from Rs 2,071 crore in FY 2017-18 to Rs 8,840 crore in FY 2021-22. As per a written reply by the Union
New Delhi, Feb 8 (IANS) Leading payments and financial services company Paytm on Wednesday announced it reached 89 million average monthly transacting users (MTU) for the month of January, a 29 per cent (year-on-year) increase. The company continues to dominate the
Bengaluru, Jan 19 (IANS) Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. Marquee global and Indian investors also participated in
New Delhi, Jan 12 (IANS) India’s leading digital payments and financial services company Paytm will be a key beneficiary of India’s Unified Payments Interface (UPI) incentive scheme, brokerage firm Morgan Stanley said on Thursday. The Union Cabinet on Wednesday approved the
New Delhi, Jan 10 (IANS) Fintech platform BharatPe on Tuesday said it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA), as it fights a fierce court battle with its former
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
New Delhi, Nov 23 (IANS) Homegrown Paytm Payments Bank Limited (PPBL) on Wednesday said it supports and welcomes the proposed implementation of National Payments Council of India’s (NPCI) UPI market cap. With this, the UPI ecosystem in India will see further
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
India saw 9.36 billion transactions amounting to Rs 10.25 trillion in the first quarter (January-March period) via various payment modes led by Unified Payment Interface (UPI), a new report showed on Monday. Mumbai, June 27 (IANS) India saw 9.36 billion transactions
Walmart and Flipkart-owned PhonePe, homegrown Indus OS, Affle Global Pte Ltd (AGPL) and Ventureast Proactive Fund II (VPF) on Wednesday announced they have settled the dispute involving VPF shares in Bengaluru-based startup Indus OS, clearing the way for its acquisition
Payments company PayPal said that it is expanding its services for Ukrainian accounts and allowing them to send and receive money from friends and family. San Francisco, March 20 (IANS) Payments company PayPal said that it is expanding its services for
San Francisco, March 6 (IANS) Payments company PayPal has announced that it is suspending its services in Russia in the wake of Ukraine invasion. Ukraine’s vice prime minister Mykhailo Fedorov tweeted a letter from PayPal CEO Dan Schulman, confirming the company’s
In another blow to Russia’s financial system, Visa and Mastercard have announced to suspend all operations in the country in the wake of Ukraine invasion. San Francisco, March 6 (IANS) In another blow to Russia’s financial system, Visa and Mastercard have
Bengaluru, Dec 17 (IANS) As the adoption of digital payments and wallets grow significantly, credit card users spent more than Rs 39,000 crore on wallets and digital payments, including Rs 7,850 crore on travel alone in 2021, a new report revealed
Mumbai, Dec 10 The Reserve Bank on Wednesday said that the Real Time Gross Settlement System’ (RTGS) will be made available round the clock from December 14. India will become one of the few countries in the world to operate
Mumbai, Oct 9 In a move to facilitate more convenience for online fund transfers, the Reserve Bank of India (RBI) has decided to make Real Time Gross Settlement (RTGS) system available round the clock from December 2020. The decision comes
New Delhi, June 29 Paytm on Monday said its digital money transfer service Paytm Payouts has helped process Rs 1,500 crore in salaries and other benefits for medium and large enterprises in the country within the three months of lockdown.
New Delhi, Dec 26 Airtel Payments Bank on Thursday said it has enabled 24×7 NEFT transfers in line with the Reserve Bank of India’s (RBI) guidelines. Airtel Payments Bank customers will now be able to use the National Electronic Funds
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