Digital payments platform Paytm today said it has processed sales of over Rs 220 crore at retail partner outlets during its four-day campaign. The Alibaba-backed company registered three-time surge in payment transactions across offline partner stores during its 12/12 Cashfree Festival, processing over Rs 220 crore in retail sales at partner stores during four days […]
MobiKwik, the largest independent mobile payments company in India has launched eKYC for its users. eKYC is RBI approved, paperless process for fulfilling KYC requirements that will allow MobiKwik users to upgrade their wallet with Aadhaar card in real time. Once a user requests eKYC on the app, a company representative will reach the user’s […]
Fin-tech company MobiKwik today said it will offer 6 per cent annual interest on the account balance to its mobile wallet users. The company, which competes with Alibaba-backed Paytm, has over 30 million wallet users in the country. MobiKwik claims it is growing at 250 per cent per year and expects to touch 70 million […]
Ongoing push by the Reserve Bank of India to revolutionize banking through the Unified Payments Interface (UPI) will leave mobile wallets redundant, as mobile banking has jumped over three-fold in February from the year-ago period, according to a report. The report by city-based Centrum Broking stated that mobile wallet services like SBI’s Buddy, ICICI Bank’s Pockets, HDFC Bank’s Chillr and standalone […]
Digital payments firm Paytm will enable Uber users to pay for their rides in Indian currency while travelling abroad using its mobile wallet by month-end. Alibaba-backed Paytm will not charge any fees for conversion and the fares will be based on current forex rates. Currently, Indian users need a credit card to pay for Uber […]
Bitcoin wallet firm Zebpay today said it has crossed Rs 100 crore turnover within 10 months of operations as more Indians are going for the digital currency. “In only 10 months, the company has crossed Rs 100 crore turnover in April 2016,” Zebpay said in a statement. Zebpay, a Bitcoin app, deals with Indian customers […]
FreeCharge wallet has partnered with Mexican movie theatre chain, Cinepolis to provide a platform for secure and easy digital payments. The partnership will start in the second week of March and customers can pay for movie tickets and food and beverages across 38 Cinepolis theatres in 28 Cities. FreeCharge is the first digital wallet partner […]
Meet Mr. Sony Joy, the Co-founder at MobME Wireless and CEO at Chillr, which is building a digital banking ecosystem connecting banks, customers, businesses and enterprises in an intuitive and mobile-first way. Chillr is a multi-bank mobile banking application that links directly to your bank account and helps you make easy money transactions. You can […]
US-based cab service provider Uber is planning to come up with its own mobile payment wallet in India, according to sources. It is planning to apply to RBI for the licence. At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter’s […]
Investing in stocks can feel a bit like peeking behind the curtain of a magic show. You know there’s something fascinating going on, but you’re just not sure how it all works. As a self-proclaimed stock market enthusiast, let me be your guide in this magic show, particularly focusing on two hot Indian stocks – […]
Facebook launched a common money transaction system for payment and donation at Messenger, Instagram, WhatsApp.
Social media platform Facebook its own digital money Libra to let people save, send or spend money as easily as firing off text messages.