October 5th, 2018Indonesia-based ride-hailing player called GO-JEK has been planning to appoint 200 engineers in Bengaluru. This is being done to expand the portfolio of products in food delivery, taxi-sharing, logistics and digital payments among others.
This step is being taken by the company with an aim to expand its presence across SouthEast Asia....
September 22nd, 2018Google has reportedly updated the privacy policy of its Indian digital payments application Google Pay, days after the homegrown rival Paytm complained that the tech giant's platform allowed disclosure of customer data for advertising and other purposes.
In a letter to the National Payments Corporation of India (NPCI), Paytm...
September 19th, 2018The digital payments platform that was recently rebranded from Tez to Google Pay by the technology giant Google has crossed the milestone of 25 million monthly active users who have in total carried out about 860 million transactions over the past year.
Recalling the progressive one year since the launch of Google’s payment...
August 17th, 2018The emerging digital payments player PhonePe which is owned by Flipkart announced that it has teamed up with Indian Railway Catering and Tourism Corporation (IRCTC) to make digital payments easier and smoother through PhonePe on the IRCTC Rail connect Android app.
This partnership will ensure the ease of payment with the help of...
June 7th, 2018E-commerce giant Amazon is loading cash to its digital wallet for customers in India as it is actively pushing to deepen its footprint in the country battling competition from rivals-Alibaba and Walmart.
A letter dated June 5 issued to customers, which also marked the fifth anniversary of launch in India, Jeff Bezos, Amazon founder...
May 7th, 2018Paytm, the digital payments giant is ready to bring its service to the next level with investment plans of over $745.16 Mn (INR 5,000 crore) in its central business.
In an interview with ET, Founder and CEO of Paytm, Vijay Shekhar Sharma announced that the company is targeting to double the amount of transactions it records every...
February 17th, 2018According to the Boston Consulting Group (BCG)-Google India report, digital consumer spending in India is expected to rise to $100 billion from $40 million by 2020. The report that hit the surface on Thursday, marked the potential of the consumers to spend at a much greater level than they already are.
The report suggests, the...
November 9th, 2017Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China’s Alibaba-backed PayTM, the country’s leading digital payments firm.
PayPal’s entry in the Indian market comes as a push for cashless transactions by the Narendra Modi-led government is seeing more people...
October 31st, 2017Indian 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....
September 18th, 2017Finance Minister Arun Jaitley today expressed hope that digital payment is going to pick up momentum with more advanced technology coming into the market.
A lot of people went in for digitisation in terms of mode of payment more out of compulsion rather than finding it a more convenient method to transact, but that compulsion created...
September 18th, 2017Airtel Payments Bank today said it has started Unified Payments Interface (UPI) based system on its digital platform, enabling its customers to transfer money to any bank account without paying any transaction fee.
It has become first payments bank to integrate UPI system on its digital platform.
"We are pleased to announce UPI...
