July 18th, 2021
Mumbai, Jul 18th, 2021: Reliance Retail Ventures Ltd (RRVL) will acquire a 40.95 percent stake in Just Dial for around $500 million to bolstering its digital services in India.
Reliance investment in Just Dial is part of the conglomerate’s digital bet. Over the past many quarters, Reliance has announced a number of investments in...
October 12th, 2020As per the Indian Reserve bank data, digital payments in the country grown massive from 593.61 crores in 2016 to 3,434.56 crore in the year to 2020.
April 7th, 2018India is a fast evolving and developing country with ever-more resources and capital being poured into the Indian web market to digitalize the country. A particular tool that has allowed this digital development has been the introduction of cheap and reliable smartphones in the market which allowed a large portion of the country to...
March 7th, 2018Recently India’s Prime Minister Narendra Modi was surprisingly full of praise towards blockchain’s development potential and was critical about the need for “rapid adaptation” to this technology. While Governments are usually skeptical about Cryptocurrency, the transparency that blockchain technology offers will surely be...
March 3rd, 2018Despite February being the shortest of the month, UPI (Unified Payments Interface) has seen a massive rise in the use of service. Indeed, in India alone, 170 million transactions has been made across the multiple mobile payment platforms available. UPI allows individuals to perform instant money transfer across different banks through...
February 16th, 2018After Paytm, Google Tez, Hike and PhonePe like platforms that provide online peer to peer transactions and more, have rolled out, millions of users have moved to electronic payment interface thus expanding the Digital Payment Space.
But what is expected to make Digital Payments in India to progress to $1 trillion from $51,756 million...
December 17th, 2017Indian government is trying to encourage small shopkeepers to accept electronic payments, by bearing the merchant charges, that one needs to pay to the banks, on purchases of up to Rs 2,000 starting January 1, 2018.
The subsidy will be provided to the small shop owners who now need to pay a fees to the banks for transactions through...
March 1st, 2017In a big push to digital payment drive, LIC is planning to provide Point of Sale (PoS) machines to its lakhs of agents who collect around Rs 1.5 lakh crore premium annually.
"As part of the strategy for the less cash economy, LIC is also gearing up for providing PoS machines to its few lakhs active agents initially so that premium...
February 11th, 2017The government has slapped notices on billionaire Mukesh Ambani-led Reliance Jio Infocomm and Paytm for using the Prime Minister's photograph in their advertisements.
The Ministry of Consumer Affairs, which is custodian of prestige of High Offices like President and Prime Minister as well as historic figures, sent the notices under...
February 10th, 2017The 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...
January 4th, 2017Technology giant Google today announced a slew of initiatives, including a new app Primer and training modules under its My Business offering, as it looks to further tap the 51-million strong small and medium businesses (SMB) market in India.
Making the announcements, Google's India-born CEO Sundar Pichai said the company is working...
December 27th, 2016In what it claims to be a first in the country leading private sector lender ICICI Bank today launched 'Eazypay', an app for merchants, retailers and professionals to accept payments on mobiles from multiple digital modes.
The Eazypay, based on the Unified Payment Interface (UPI) of the National Payment Corporation, allows a person to...
