December 24th, 2016Banaras Hindu University students have launched a new campaign to encourage people to adopt digital payment methods inside the campus, with the varsity administration installing PoS machines at its hospitals here.
The Mera Mobile Mera Batua drive by the students was launched yesterday, a day after Prime Minister Narendra Modi urged...
December 23rd, 2016A leading online payment firm PayPal is in talks with freecharge team to acquire 25% stake as the report by Mint. The expecting amount of the acquisition may be around $200 million (approximately Rs 1,357 crore). Jasper Infotech Private Limited known as snapdeal owned FreeCharge.com.
Initially United States-based online payments...
December 21st, 2016Users of e-payments company PayTm today faced difficulties in transacting through the app which the company said was due to some "technical" error.
"We are facing some technical issues. We will have it resolved shortly so please try again after some time," an automated message popped up on screen at time of transaction. When contacted,...
December 21st, 2016Government today said small traders will be able to save up to 46 per cent in tax by migrating from cash to digital transactions as the decision to tweak the presumptive income norms would reduce tax liability.
"Apart from making a tax saving of almost 46 per cent by migrating to banking mode, the small businesses would be able to...
December 17th, 2016CBI has registered an FIR against some customers of digital wallet Paytm on the company's complaint that it has allegedly been cheated to the tune of Rs 6.15 lakh by customers based here.
It is rare for the agency to take up such cases unless they have been referred by the central government or there are directions by the Supreme...
December 8th, 2016On its way to complete two billion transactions this year surpassing its own expectations, Digital payments platform Paytm today said it aims to become universal payments app across every bank account. The company also said it aspires to enter the US market in the long run as it sees an opportunity there.
"Today Paytm is on the way to...
November 21st, 2016In the wake of demonetisation drive and a surge in the demand for digital payment options, mobile wallet MobiKwik has revised its monthly annualised Gross Merchandise Value (GMV) sales target by 10 times to USD 10 billion by 2017, a top company executive said.
GMV is used in online retailing to indicate a total sales value for...
November 19th, 2016Digital payments solution provider Oxigen Services is in the process of upgrading its point of sales (PoS) devices into micro ATMs to help customers in the present situation due to ban on Rs 500 and Rs 1,000 notes.
"Micro ATM is a point of sales device which we have developed into a full featured banking access device and payment...
November 16th, 2016State Bank of India today said it collected Rs 1,14,139 crore in deposits in last seven days after the government announced demonetisation of Rs 500 and Rs 1,000 notes.
The bank saw 240.90 lakh cash deposit transactions between November 10 and November 16 up to 7 PM, SBI said in a statement here today. The government announced to...
