Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product. Hike users will have access to the bank?s vast product line including merchant and utility payments, it added. The SoftBank-backed app, which has over 100 million registered users, saw over 30 per cent month-on-month growth for […]
Paytm has been spending millions to comply with the RBI guidelines to strengthen its user base for its payments bank. It recently announced that it will invest $500 million into KYC(know your customer) operations “to build the most dominant KYC-compliant wallet and payments bank in the country.” In order to scale up, it also planned on […]
Indian e-commerce Unicorn Flipkart’s digital wallet Phone Pe has made a bold move to challenge Paytm, by launching a unique PoS(Point of Sale) device- which looks like a small calculator backed with Bluetooth technology as a payments solution for merchants. The device has several features that makes it fit for a Indian merchants. Priced at […]
Indian Mobile Wallet Major, MobiKwik today said it has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing.
Alphabet Inc’s Google plans to introduce a localised digital payment service in India as early as next week, technology website TechCrunch reported, citing a report from news site The Ken.
One97 Communication’s e-wallet company Paytm will now offer consumers the option of receiving digital gold as cashback on their transactions.
One of India’s leading technology based developed state Telangana has launched country’s first official state e-wallet called T-wallet. The newly launched e-wallet offers any digital payments with in the state with no additional charge for the citizens. The Microsoft Accelerator alum startup Transaction Analysts has partnered with Telangana to develop T-Wallet which uses two factor authentications, through […]
Alibaba-backed Paytm today said it has sold over 30 kgs of digital gold in six days of launching the service in partnership with gold refiner, MMTC- PAMP. Last week, the two companies had launched Digital Gold service that allowed customers to buy and sell gold through Paytms electronic platform. The facility allowed people to buy […]
Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. “We are pleased to receive […]
The Cabinet today approved ‘Pradhan Mantri Gramin Digital Saksharta Abhiyan’ with an outlay of Rs 2,351.38 crore to make 6 crore rural households digitally literate by March 2019. “The Union Cabinet chaired by Prime Minister Narendra Modi has approved ‘Pradhan Mantri Gramin Digital Saksharta Abhiyan’ (PMGDISHA) to make 6 crore rural households digitally literate. The […]
Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey. The Economic Research Department of State Bank of India carried out the survey from December 30, 2016 to January 3, 2017 so as to understand the nuances of demonetisation. It showed that 15 per cent of transactions […]
In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI to the extent that is applicable for NEFT fund transfer of over Rs 1,000. As per RBI norms, NEFT transfers of up to Rs 10,000 attract Rs 2.5 fee. From Rs 10,000-1 lakh […]